It became known about the joint pilot program of Bank of America and Ripple The second largest bank in the United States, Bank of America, has been testing Ripple's distributed ledger technology and may have further plans in this direction.

It became known about the joint pilot program of Bank of America and Ripple

The second largest US bank, Bank of America, has been testing Ripple's distributed ledger technology and may have further plans in this direction..

Late last year, at an IMF seminar, Ripple called Bank of America a "client" in its presentation. When asked by CoinDesk, a spokeswoman for Ripple declined to comment on the status of the relationship between the two companies, but said they were conducting a pilot program together..

“Bank of America has been part of Ripple's global payments coordination group since 2016. We were running a pilot program with them, ”said a Ripple spokeswoman. Previously, nothing was reported about such a project. Bank of America declined to comment on this information.

It was previously known that Bank of America is a member of the coordination group that is developing recommendations for the RippleNet payment network, but the presence of a joint project may indicate that the cooperation between the two companies goes beyond consulting..

This announcement runs counter to the position of Cathy Bessant, CTO of Bank of America, who said that she does not share a positive attitude towards the future of the technology, and that her organization registers a large number of blockchain patents just in case they are suddenly needed..

Earlier it also became known that Bank of America was looking for an employee for a Ripple-related project. “In this position, you will lead the product management team for the Ripple project, a solution based on decentralized ledger technology. to implement cross-border payments ", - stated in the text of the vacancy.

The xCurrent service, which Bank of America at least tested, does not imply the use of XRP cryptocurrency. His clients already include companies such as American Express, Santander and PNC.

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