Bank of America develops own payment system to compete with XRP, XLM

Bank of America has developed its own cross-bank payment system to compete with XRP and XLM. Now there are 4 players in the field which include XRP, XLM, JP Morgan’s network, and Bank of America’s network. BOA’s network seems to be restricted to BOA and Merrill Lynch Banks right now but it does have mortgage and payment features(at least it will i the future). I do not think this is as good as IBM’s XLM network or Ripplenet but BOA does have a lot of clients and I think this will appeal to them so it is a competitor in the field right now.

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