Bank of America | Companies to Pay Employees Instantly With RippleNet

[supernelson]

https://xrpripplenews.com/2019/10/03/bank-of-america-companies-to-pay-employees-instantly-with-xrp/

[Guest]

Comically rubbish article there.

Someone wake me up when someone who actually knows how the world works confirms what's going on (or what's not going on, as I'm assuming the case will be).

[DutchBeetle]

I don't think this post is super, Nelson.

how is this more than BoA upgrading to instant payments and everybody guessing it's ripplenet? (do not point xrpripplenews as very trustworthy), actual sources in which BoA states this uses RippleNet. 

[Guest]

Now explain to me why would BOA utilize XRP in domestic rails for companies to pay employee's??? Please enlighten??? I am calling this B.S until someone gives a legitimate explanation.  Maybe I'm missing the part for international employee's or something, but this article gives little detail to assume that is the case.

Edited October 3, 2019 by Guest

[VanGogh]

https://www.theglobaltreasurer.com/2019/09/30/bank-of-america-joins-the-marco-polo-network/

Looks like Bank of America has been pretty active. 

Found this through: @HamEggsnSam

[Julian_Williams]

2 hours ago, RikkiTikki said:

Now explain to me why would BOA utilize XRP in domestic rails for companies to pay employee's??? Please enlighten??? I am calling this B.S until someone gives a legitimate explanation.  Maybe I'm missing the part for international employee's or something, but this article gives little detail to assume that is the case.

Your question is a bit like asking why would a company use a digital phone when an analogue phone would do the job well.

Ripplenet provides broad menus of options.  Domestic payments would not need to utilise XRP XRapid facilities, but overseas employees could be paid in their native currencies.  Ripplenet itself would provide very secure, fast and efficient service for distributing the payments which could be streamed across the month.

[Archbob]

Rubbish article from Rubbish Source.

[Guest]

32 minutes ago, Julian_Williams said:

Your question is a bit like asking why would a company use a digital phone when an analogue phone would do the job well.

Ripplenet provides broad menus of options.  Domestic payments would not need to utilise XRP XRapid facilities, but overseas employees could be paid in their native currencies.  Ripplenet itself would provide very secure, fast and efficient service for distributing the payments which could be streamed across the month.

Think you may have taken what I asked out of context I specifically asked explain why this would be used in domestic rails then I said  "Maybe I'm missing the part for international employee's or something, but this article gives little detail to assume that is the case. "  This article doesn't state whether it's referring to domestic or international.  I know what can be done with XRP across borders but this article has no details about Domestic or Crossborder that is why I said until someone gives a legitimate explanation I'm calling B.S on this post. The article infers instant payments with XRP but not much detail beyond that.

Edited October 3, 2019 by Guest