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<ul class="news-points"> 
 <li>JackTheRippler posts Bank of America’s patent on Ripple’s Distributed Ledger Technology.</li> 
 <li>In June, HSBC praised Ripple’s DLT for cross-border payments and efficiency gains.</li> 
 <li>HSBC’s FX Everywhere processed 3M+ transactions worth $250B in its first year.</li> 
</ul> 
On Sunday, crypto analyst, JackTheRippler shared a screenshot of a patent filed by the Bank of America focusing on Ripple’s Distributed Ledger Technology (DLT). The ambassador announced, “XRP is the key in this document!” 
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 BOOOOOOOOOOOOOOOOOOOOM!!! Bank of America already has a patent for Real-Time Settlement.<a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a> is the key in this document! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f510.png" alt="🔐" class="wp-smiley" style="height: 1em; max-height: 1em;"> Source: <a href="https://t.co/fRXbFAToZ1" target="_blank" rel="noopener noreferrer nofollow">https://t.co/fRXbFAToZ1</a> <a href="https://t.co/cfWdzyH9Ab" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/cfWdzyH9Ab</a>— JackTheRippler © (@RippleXrpie) <a href="https://twitter.com/RippleXrpie/status/1687075344275124224?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 3, 2023</a> 
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As per information from <a href="https://patents.google.com/patent/US20190172059A1/en" target="_blank" rel="noopener noreferrer nofollow">Google Patents</a>, the documents featured numerous references to Ripple, and the application elucidates a specific “settlement scheme” associated with Ripple’s distributed ledger technology. Moreover, the application titled “Real-time net settlement by distributed ledger system” was filed on June 6, and was awaiting approval from the U.S. Patent and Trademark Office. 
Many Twitter users including YouTuber <a href="https://twitter.com/cryptolewlew/status/1687077118230798336" target="_blank" rel="noopener noreferrer nofollow">Lewis Jackson commented</a> on JackTheRipp… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/hsbc-praises-xrps-dlt-for-cross-border-payments-boa-patent-surfaces/">HSBC Praises XRP’s DLT For Cross-Border Payments; BOA Patent Surfaces</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

HSBC Praises XRP’s DLT For Cross-Border Payments; BOA Patent Surfaces

Coin Edition

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