In the crypto world, rumors spread like wildfire—especially when giants like BlackRock, Bank of America, and Ripple (XRP) are in the same sentence. A recent viral post has the community buzzing:
“🚨BREAKING: @BlackRock & @BankofAmerica are NOW officially using @Ripple ($XRP)!!! 😱 The financial system will NEVER be the same. The Ripple takeover has BEGUN. 👇”
Sounds exciting, right? But is it true? 🤔
Let’s dive into the facts, cut through the noise, and unpack what’s really happening.
🧩 First Things First: What Is Ripple (XRP)?
Ripple is both a blockchain-based payment protocol and the company behind XRP, a cryptocurrency designed for fast, low-cost international transactions. Unlike Bitcoin or Ethereum, XRP is often positioned as a bridge currency between financial institutions.
For a deeper understanding of Ripple’s technology, check out our complete guide to XRP and Ripple. 💡
✅ What We Know: Bank of America’s Relationship with Ripple
Bank of America (BoA) has confirmed ties to Ripple, and this is not a rumor.
🔗 Documented Partnerships
- BoA is officially listed as a RippleNet partner, alongside other major banks like Santander and Standard Chartered.
- In Ripple’s official documents, BoA has been cited as exploring cross-border payment solutions via RippleNet.
🗣️ “We’re part of RippleNet. We use it to innovate faster in global payments,” — Julie Harris, Head of Global Banking at Bank of America.
💡 Patent Filings and Blockchain Activity
BoA has filed over 80 patents related to blockchain. Several filings refer specifically to using distributed ledger technology (DLT)—a space Ripple leads in.
👉 Source: The Coin Republic – BoA & XRP
🧾 Internal Transactions Using XRP?
David Stryzewski, CEO of Sound Planning Group, recently told FOX Business that BoA is already using XRP for internal transactions. However, no official press release or corporate disclosure from Bank of America has validated this claim.
So, while there is a strong foundation of collaboration, we can’t say with certainty that XRP is being used at scale internally—yet. ⚠️
❌ The BlackRock Rumor: Debunked
Despite the viral tweet, there’s no credible or verifiable evidence that BlackRock is using XRP or has any formal relationship with Ripple.
Why Are People Connecting the Dots?
- BlackRock acquired Merrill Lynch, which was once part of Bank of America.
- BlackRock also manages financial assets for numerous banks, including BoA.
This has led some in the XRP community to speculate that BlackRock might indirectly benefit from Ripple’s tech. But:
🚫 No partnership
🚫 No XRP adoption
🚫 No official statement
As of May 2025, BlackRock has not confirmed any use of XRP.
🧠 Thought Leadership: What the Experts Say
💬 “There is a difference between exploring blockchain technology and actively using XRP as liquidity. XRP is still fighting for its seat at the institutional table.”
— Hester Peirce, SEC Commissioner
💬 “Ripple’s tech may revolutionize settlements, but the world’s largest asset managers aren’t diving into XRP—yet.”
— Nic Carter, Partner at Castle Island Ventures
🔎 Conclusion: So, What’s Really Going On?
| Entity | Ripple Partner | Uses XRP? | Public Statement |
|---|---|---|---|
| Bank of America | ✅ Confirmed | 🤷♂️ Unconfirmed | Limited |
| BlackRock | ❌ No | ❌ No | None |
The hype is partially based on facts, but the more sensational claims—like a complete “Ripple takeover”—are great for engagement but not reality… yet.
✍️ Final Word
The financial revolution may be underway, and Ripple is certainly a name to watch. But separating fact from fiction is more important than ever in a world fueled by tweets and viral claims.
👉 Keep your eyes open, your sources credible, and your crypto safe.
