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

• JackTheRippler posts Bank of America’s patent on Ripple’s Distributed Ledger Technology.
• In June, HSBC praised Ripple’s DLT for cross-border payments and efficiency gains.
• HSBC’s FX Everywhere processed 3M+ transactions worth $250B in its first year.

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!”

BOOOOOOOOOOOOOOOOOOOOM!!!

Bank of America already has a patent for Real-Time Settlement.#XRP is the key in this document!

Source: https://t.co/fRXbFAToZ1 pic.twitter.com/cfWdzyH9Ab

— JackTheRippler © (@RippleXrpie) August 3, 2023

As per information from Google Patents, 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 Lewis Jackson commented on JackTheRipp…

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