1/How many of you are wondering how Ripple would benefit from the purchase of Bank of America(BAC)?

Well let's start with this goodie:

2/"Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments(38), institutions and individuals around the world."

https://newsroom.bankofamerica.com/companyoverview 

3/Not getting the picture?

Let's look at their 2019 Shareholder Report:

http://investor.bankofamerica.com/annual-reports-proxy-statements/2019_Annual_Report

4/"We enter 2020 with strength and momentum after a decade of transformative change. Our capital, liquidity and capacity to serve clients are excellent"

"we continued to invest
in infrastructure"

"10 million clients are active users of Zelle."

5/"Digital channels generated 29% of overall sales, with 34% of mortgages and 56% of auto loans now originating in our mobile app or online banking site."

6/"More than 55% of our total consumer client payments are made digitally. This is more than $1.6 trillion moved digitally by Bank of America consumer clients each year"

7/"There is much talk about what happens to traditional
banks when digitization occurs. You can see that in
the statistics above. We are enabling our clients, and
the teammates who serve them, with the best, most
comprehensive high-tech digital capabilities,"

8/Sometimes the solution is to buy used n upgrade, than to build from scratch.

Such a partnership would provide the necessary infrastructure, liquidity and valuable, global business relationships, to establish Ripple as "top dog" in this space.

#xrp will settle #allthemoney