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XRP Community Discusses Bank of America Job Posting For Managing ‘Ripple’ Project

  • Yuri Molchan
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    The XRP Army is having a heated discussion over a job posting from the Bank of America that requires managing the local ‘Ripple’ project which will not be using XRP

XRP Community Discusses Bank of America Job Posting For Managing ‘Ripple’ Project
Cover image via news.u.today

In summer this year, the Bank of America filed a patent for a money wiring blockchain-based system titled ‘Ripple’. However, the same name blockchain technology from the company run by Brad Garlinghouse or XRP asset were not mentioned in it.

Ripple patent by BOA
'Ripple' patent by BAO, image by https://patents.google.com

Earlier today, an XRP investor @digitalassetbuy retweeted a post that bears a screenshot of a job posting made by Bank of America.

The BOA seeks to fill the position of a Treasury Product Manager. The posting also mentions a ‘Ripple’ project and that managing it will be part of the successful applicants’ job duties.

The salary in discussion totals $99,200 per year.

Many in the XRP community took the news quite enthusiastically, apparently, believing that it is somehow actually connected with the ‘real’ Ripple and XRP.

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Ripple Partners with Finastra Startup to Let It Use XRP and Access Global RippleNet Customers

However, some reckon this job posting is fake news.

Ripple fake news
Image by Twitter

The LinkedIn page for this vacancy, however, says the job position is no longer active.

 

What is your opinion on this news? Feel free to share it with us in the comments section below!

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

  •  Denis Sinyavskiy
    📰 News

    Former US Congressman Ron Paul shares his thoughts on the possible creation of Fed’s own cryptocurrency

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency
Cover image via www.123rf.com

Former US Congressman Ron Paul spoke on Fox Business and said that the Fed should not think about creating its own cryptocurrency.

Fed’s Crypto: To Be or Not To Be?

Rumors have been circulating for the past few months about the Fed possibly creating own cryptocurrency. It is expected that a digital coin would become a competitor to its counterparts on the market, and may even replace fiat money. President Patrick Harker, President of the Federal Reserve Bank of Philadelphia, commented on such rumors at a recent conference:

“It is inevitable. I think it is better for us to start getting our hands around it.”

However, there has not been no official follow-up by the Fed towards a crypto exchange. While proponents of this idea believe such innovation is necessary, it is expected that the exchange could stop the current delays involving US bank transfers.

What do the opponents think about the Fed's own cryptocurrency?

The idea of ​​creating the Fed's cryptocurrency has its opponents. This includes Ron Paul, who believes that the Fed is in a better position to stay away from digital coins and allow the private blockchain sector and payment platforms to resolve this discussion in real-time. What the Fed plans to do next is unclear, but the central bank may still enter the game.

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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