Bank of America to Open a Ripple-Like Service for its ‘Cross-Bank Operations’

[Ozark]

It has just come to light that the Bank of America is all set to deploy a new app that will allow customers to transfer their money across banks like Merrill Lynch, Merrill Edge or US Trust, without having to go through the process of ‘re-authentication’ every time a transfer is made between the aforementioned financial institutions.

The aforementioned app is primarily tailored to suit the needs of those clients who own a million dollar (or more) worth of assets and are looking to transact between the previously mentioned banks without facing any regulatory red tape or high processing fees. This move can significantly take on the likes of Ripple (XRP) and Stellar (XLM) payment railway services. To read more, visit BitcoinExchangeGuide.com.