The blockchain news today show that the United States’ second largest bank appears to have hired a specialist that will implement blockchiain based payment network solutions via Ripple. We are talking about Bank Of America, which according to a job description on the professional social network LinkedIn (published on October 10), had officially stopped accepting applications for what it calls a “treasury product manager” for Ripple.
The Bank of America job offering was first reported by sites weeks before, showing that the bank is searching for a “treasury project management” to help and lead a secretive Ripple project. The job notice (psoted two months ago) is no longer listed as accepting applications, which raised a lot of eyebrows.
“This role leads the product management team for the Ripple Project, a decentralized ledger technology based solution to cross border payments marketed to GTS clients,” the job’s description posted by Bank Of America reads, continuing:
“The incumbent will be responsible for driving product strategy and growth, overseeing daily product management routines, and overseeing the development of new initiatives that result in an innovative and highly-competitive product offering.”
The Ripple news which are now in the focus and this move in general suggests that BoA is joining the increasing number of banks that are eyeing Ripple’s technology in some form. The bank also filed a patent earlier this year, which is in many ways related to the technology.
Despite the size of Bank of America, as a bank it has been always hostile to cryptocurrency. What we know so far is that BoA blocked account holders from completing transactions in previous years.
The perspective seemed to get overhauled in 2019. As we reported earlier this year, Bank of America submitted a patent for a cryptocurrency wallet in August – and joined the R3 Marco Polo blockchain trade platform in September this year. The treasury product manager candidate, as the crypto news show, must have experience in the payments sector – and as we can see cryptocurrency knowledge is not a specific requirement.
Back in June, Google Patents also published a patent application from Bank of America which highlights Ripple’s distributed ledger technology. The title of this application is still under review by the US Patent and Trademark Office.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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