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Media: Bank of America tests Ripple technology

Bank of America, the second largest U.S. bank, has publicly tested the Ripple distributed ledger technology and may have further plans in this direction, CoinDesk reports. A Ripple spokeswoman did not confirm or deny whether the bank is a client of fintech startups, noting only that the parties conducted a joint pilot project. She did not disclose other details. As the publication recalls, BoA is included […]

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Bank of America, the second largest U.S. bank, has publicly tested the Ripple distributed ledger technology and may have further plans in this direction, CoinDesk reports.

A Ripple spokeswoman did not confirm or deny whether the bank is a client of fintech startups, noting only that the parties conducted a joint pilot project. She did not disclose other details.

As the publication recalls, BoA is part of a coordination group that advises RippleNet partners on legal compliance issues. The news about the pilot demonstrates that the bank’s cooperation with the startup goes beyond the advice, CoinDesk believes.

Despite the fact that in recent years, Bank of America has been quite active in the field of patents for blockchain-based solutions, in May the technical director of the corporation, Katie Bessant, said that the bank did not find technology for use in the financial sector.

Earlier, BoA filed a patent application for a blockchain cash processing system, and also intends to patent a settlement system, in the description of which the distributed Ripple registry is mentioned.

In addition, Bank of America recently joined the Marco Polo consortium working on the use of blockchain technology to increase the efficiency of international trade.

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Root Name System (RNS), el primer programa de residencia digital del mundo respaldado por el Estado

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Root Name System (RNS), el primer programa de residencia digital del mundo respaldado por el Estado

La República de Palaos, una nación insular del Pacífico Occidental, acaba de asociarse con la empresa de investigación de blockchain, Cryptic Labs, para lanzar Root Name System (RNS), el primer programa de residencia digital del mundo.

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Autograph anuncia el cierre de una financiación de serie B por valor de $170M

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La plataforma de NFT de deportes y entretenimiento, Autograph, acaba de conseguir 170 millones de dólares en financiación codirigida por la firma de inversión líder, Andreessen Horowitz (a16z) y la firma de capital riesgo estadounidense, Kleiner Perkins.

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OlympusDAO transfiere parte de su liquidez al Protocolo Balancer

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OlympusDAO transfiere parte de su liquidez al Protocolo Balancer

OlympusDAO, una moneda de reserva descentralizada, acaba de llegar a un acuerdo con Balancer para establecer su nativo – OHM, como un activo líquido dentro del ecosistema de este último.

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