Bank of America Gets Bullish on Ripple, Hires Dedicated for Ripple Project 

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One of the largest banks recently closed the employment application on Linkedin that was specifically meant to spearhead the Ripple project in Bank of America (BoA). 

Bank of America (BoA) which was earlier this year filed a patent application that features Ripple technology solution has recently caught hiring the specialist to implement the Ripple project into its business. It was revealed via the job description on Linkedin which reads “ The role leas the project management team for the Ripple Project”.   

Notably, the bank shared a list of skills and capabilities that a person should possess to be a treasure product manager for Ripple project – one such aspect it highlighted was; 

Engage with regional partners to develop appropriate expansion strategies and related business cases for the Ripple product.

Moreover, the applicant must carry at least 3-5 years of experience in treasury management/payment industry. As the job application entry is closed now, it appears that the bank might have hired a suitable product manager to lead the Ripple project. Furthermore, the role is supposed to offer the employee a six-figure salary at the New York office of BoA. 

Reportedly, the bank currently counts over 56 million US customers by offering an array of banking solutions including investing, asset management. Although, BoA hasn’t explicitly mentioned to ink partnership with Ripple, but if it does at some point in time, it would undoubtedly a big win for Ripple. Meantime, its customers can also receive a quick and affordable cross-border payment solutions which will be based on Ripple’s underlying products.  

On the other hand, Ripple has been successfully signing up the various partnership deals with Banks and financial institutions around the world. Indeed, these financial players find Ripple’s technology as the best alternative to traditional cross-border solutions. 

Also read – Ripple Inks New Partnership with Major London Bank Finastra

So readers, what’s your take on the next step of Bank of America (BoA)? Let us know in the comment below