Danny

And those who do find the issue of low speed and high fees annoying, you can suggest to send BTC using the XRP ledger

This is how Google has indexed one of the webpages of BoA's official website: I don't think anyone has tampered with the meta title tag You can verify that yourself by visiting https://www.bofaml.com/content/boaml/en_us/home.html and checking the source code of that page. It will show you the following meta title tag: <title>Bank of America Merrill Lynch - Business Solutions </title> Merrill is a Bank of America company. Bank of America Merrill Lynch is also mentioned on Julie Harris' LinkedIn page: https://www.linkedin.com/in/julie-harris-450511134/

If Julie Harris would personally confirm that what was said in the interview is true, would that convince you? The transcript of the particular podcast https://www.xrparcade.com/ is referring to, can be downloaded from the official website of Bank of America Merrill Lynch (I understand you'd like to see an official publication or tweet, but that's not going to happen): https://www.bofaml.com/content/dam/boamlimages/documents/articles/ID20_0286/digitization-of-payments_podcast_transcript.pdf

Did you listen to the audio or do you believe it was fabricated? Of course there's no tweet and there won't be a tweet soon either.

Julie Harris, Head of Global Banking Digital Strategy of Bank of America Merrill Lynch, has said the following: “It’s not about our platform and our capabilities, it’s about you as a client and the infrastructure you have and the ability for us to integrate, whether that’s with platforms and capabilities that we built our partnerships that we have with the likes of Ripple or Swift. These are Fintechs that we’re partnering with. They’ve come through all of our rigor of legal and compliance and we’re able to leverage our banking as a platform to deliver that to you. So I really think the future is all about client experience and integrated platforms versus siloed products and capabilities." Sources: https://www.xrparcade.com/wp-content/uploads/2020/04/Recording-1.mp4 https://www.linkedin.com/in/julie-harris-450511134/

C'mon Director.

"SWIFT says it’s looking to become a global leader in account-to-account and business-to-business transactions, taking on credit giants Visa and Mastercard as well as emerging fintech companies like Ripple." This suggests SWIFT has specifically said it is taking on Ripple. None of the original articles the Daily Hodl is referring to, claims SWIFT has said that though. I'm not sure if ISO 20022 for cross-border payments supports instant settlement, SWIFT's article on https://www.swift.com/standards/iso-20022-programme/timeline does not talk about it. Last but not least, the end-date to enable full ISO 20022 for cross-border payments is November 2025 (!) Interesting to read: https://www.finextra.com/blogposting/18607/swifts-major-announcement-slips-under-the-radar

I second that. You'd also lose purchasing power when XRP is set to a specific number of dollars and the dollar devalues.

One of the things the video emphasizes, is trust. True trustless cryptocurrencies or digital tokens, eliminate the need to trust a company, auditor, bank or humans in general. A private network without tokens or smart contracts however, does not eliminate that need and therefore isn't trustless, nor decentralised. I personally believe private, centralised networks ultimately can't and won't be trusted. Hasn't history shown that? You said MANY of the upcoming developments will use some type of a digital token. That's exactly what I think and I believe the majority of those tokens and cryptocurrencies will be trustless, decentralised and accessible to the public. The law of supply and demand will affect prices, causing the entire crypto market to boom like never before, even if that market is comprised of only 100 or 200 decentralised tokens and cryptocurrencies with a real use case. Breanne Madigan (Global Institutional Markets @Ripple), expects three evolving trends to fuel what she calls the next major push for the digital asset market. She projects that growing institutional comfort level with digital asset use cases along with increased regulatory clarity in the U.S. and the next Bitcoin halving by May of 2020 will all lead to the next large adoption cycle (https://ripple.com/insights/2020-the-year-of-the-digital-asset/).

True, to consider stocks, bonds, real estate, and gold to be cryptocurrencies, is odd, but I was referring to the 'digital representation' of it. In order to store a digital representation of something (stock, bond, house, precious metal etc.) on the blockchain, I would need a digital token or a cryptocurrency, right?

I personally don't read that Jay Biancamano does NOT expect crypto to blow up again. Correct me if I'm wrong, but digital representations of traditional assets, like stocks, bonds and gold, are cryptocurrencies, aren't they? How big the crypto market can become, is realistically discussed in the article below. "The World Economic Forum has predicted that around 10% of the world’s GDP will be held in the form of tokenized assets by 2027. If we took 2017’s global GDP as a reference point, which amounted to 75 trillion US Dollars, then 10% of that would be 7.5 trillion US Dollars. If we factor inflation into that equation, as well as GDP growth in general, then the market for tokenized assets is looking to be immense by 2027, at least according to the World Economic Forum." https://blog.blockport.io/the-multi-trillion-dollar-potential-of-cryptocurrency/

Jay Biancamano, head of digital assets of State Street, a large custody bank holding more than $30 trillion, said "We're seeing assets start to become digitized. Trickle, trickle, trickle—and then we believe there will be a flood." He said that a few months ago. If that flood is going to take place, I believe it will outperform the crypto boom of 2017. https://fortune.com/2019/10/02/bank-blockchain-state-street-digital-assets/

Deutsche Bank's adjusted vision statement does emphasize innovation and going digital. Their ambition is to be a leader in that area. https://www.db.com/company/en/digitalisation.htm?kid=digitalisation.redirect-en.shortcut @cryptoxrp Ok interessant punt.

Will banks in Germany be holding crypto in 2020? What do you think? Are you german?

@cryptoxrp I did read about it, sounds interesting.