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Financial institution of America’s Job Posting Hints It Employed a Devoted Ripple Specialist

The US’ second largest financial institution seems to have employed a specialist for an implementation of blockchain-based fee community Ripple.

Financial institution seeks Ripple staff lead

Based on a job description on skilled social community LinkedIn, as of Oct. 10, Bank of America (BoA) had stopped accepting functions for what it calls a “treasury product supervisor” for Ripple.

“This function leads the product administration staff for the Ripple Undertaking, a decentralized ledger know-how primarily based resolution to cross border funds marketed to GTS purchasers,” the job’s description reads, persevering with:

“The incumbent can be accountable for driving product technique and development, overseeing day by day product administration routines, and overseeing the event of latest initiatives that lead to an modern and highly-competitive product providing.”

This transfer means that BoA is becoming a member of the rising variety of banks eyeing Ripple in some kind. It has additionally filed a patent associated to the know-how in July.

Warming as much as crypto?

Regardless of its dimension, the financial institution has historically been hostile to cryptocurrency, blocking account holders from finishing transactions in earlier years.

That perspective appeared to get overhauled in 2019. As Cointelegraph reported, BoA submitted a patent for a digital currency wallet in August. It additionally joined R3’s Marco Polo blockchain commerce platform in September.

The treasury product supervisor candidate, in the meantime, should have expertise within the funds sector, however cryptocurrency data will not be a particular requirement, in accordance with the posting.

Republished from: Original Source

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