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Revealed: Bank of America Posts ‘Ripple Project’ Job Opening, Crypto Asset XRP Goes Unmentioned

October 10, 2019

A recent job listing on LinkedIn shows Bank of America has been searching for a “treasury project manager” to help lead a secretive Ripple project.

The job notice, which was posted two months ago, is no longer listed as accepting applications.

Back in June, Google Patents published a patent application from Bank of America which highlights Ripple’s distributed ledger technology. The title of the application, still under review by the U.S. Patent and Trademark Office, is “Real-time net settlement by distributed ledger system.”

In a series of images, the patent references Ripple, but not the digital asset XRP. It also references and describes a Ripple “settlement scheme.”

According to the recent job listing,

“This role leads the product management team for the Ripple Project, a decentralized ledger technology based solution to cross border payments marketed to GTS clients.”

The listing also notes that the treasury project manager will “develop a strategic roadmap” for the Ripple Project product suite; educate clients and Bank of America employees on the new product; and “engage with regional partners to develop appropriate expansion strategies and related business cases for the Ripple product.”

LinkedIn estimates the position pays just under $100,000.

BofA has yet to release an official announcement regarding the project. In July, Ripple CEO Brad Garlinghouse told Bloomberg he was surprised by the patent reports, which he said he could neither “confirm nor kill” speculation about.

“We are widely known to be working with a lot of banks around the world and certainly some of the largest banks in the world are already customers of ours today.

And we’ll continue to work with big banks around the world and I too was surprised by that patent application because we have not announced anything.”

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