Ripple President: Bank of America Is Going “All In” on XRP – Is This the Start of a Global Shift?
Ripple’s president has made a bold statement: Bank of America is going “all in” on XRP. This confirmation came from a video posted by NCashOfficial with 207K YouTube subscribers and adds serious momentum to what’s already shaping up to be a major trend, big banks diving headfirst into blockchain and crypto infrastructure. And it’s not just Bank of America. Other financial giants are already deep in the space, signaling that a major shift could be underway.
Ripple and Bank of America have been connected for years. The bank was one of Ripple’s early partners, originally testing messaging solutions tied to payment infrastructure. But according to Ripple President Monica Long, things are accelerating. She shared that after key policy rollbacks, like SAB 121 being pulled back, Bank of America’s tone changed completely. Their leadership is now saying they’re “all in.”
While she didn’t say “XRP” outright, it was clear she was referring to Ripple’s blockchain-based payment systems. Long explained that the bank has been in recent talks with Ripple about transaction banking and stablecoin products, adding even more fuel to the idea that something big is unfolding.
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Wall Street Banks Are All Moving In
And it’s not just Bank of America. Big names like JP Morgan, Citi, and State Street are all laying the groundwork for deeper blockchain involvement. JP Morgan is pushing forward with its Onyx platform, although it runs on a private network. That’s where things get interesting, private chains, many argue, just don’t have the reach or liquidity of public ones like XRP-.
Meanwhile, Citi is building digital asset custody solutions, and BNY Mellon launched an on-chain offering just weeks ago. State Street is planning crypto custody by 2026. The big players are preparing for a tokenized future.
Regulations Are No Longer Holding Back Big Banks
In the past months, the U.S. government has quietly cleared the runway for banks to enter crypto. With SAB 121 rolled back and the OCC, FDIC, and Fed easing restrictions, traditional banks suddenly have the green light. That shift hasn’t gone unnoticed.
Former CFTC Chair Chris Giancarlo even said that banks now face pressure to act, or risk falling behind. He compared the change to digital photography wiping out Kodak. In the same way, stablecoins and crypto rails could soon replace the outdated correspondent banking model.
Read Also: Here’s Why Onyxcoin (XCN) Price Is Pumping
Could XRP Be at the Heart of This Transformation?
Here’s where the XRP rumors kick in. Some reports, though unconfirmed, suggest that Bank of America was using XRP internally for two years before regulatory issues paused the process. Ripple has never confirmed this, but it’s known that the bank plans to use Ripple’s On-Demand Liquidity once the legal dust settles.
All signs point to XRP being part of a much bigger institutional strategy. From longtime partnerships to behind-the-scenes testing, Ripple’s tech seems to be ready for prime time. And with the floodgates opening, according to Monica Long, more banks could be next.
With Ripple’s infrastructure maturing and U.S. regulations easing up, it feels like this might just be the beginning of a much larger wave of adoption.
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