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https://xrpripplenews.com/2019/10/03/bank-of-america-companies-to-pay-employees-instantly-with-xrp/
- 7 replies
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- xrp news
- ripple news
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Hey guys, Finally found some time to research a post from last month that caught my attention. If you have not done so already, take a look into @NMNR's post about a Ripple Labs, Inc. and Bank of America partnership (links below). Several trademarks filed in 2017 by BoA are more interesting now after reading @NMNR's posts. A trademark is a symbol, word, group of words, name, and/or a design that is legally registered or established by use as representing a company or a product/service. One files for trademark protection in order to establish the presumption of ownership, to establish the right to use the mark on or in the connection with goods/services. In June and July, 2017, Bank of America filed six (6) trademarks with the United States Patent and Trademark Office (USPTO) - "xATM," "XATM," "xATMS," "XATMS," "XTM," and "XTMS," right around the time @NMNR claims BoA and Ripple entered into an alleged partnership. These filings are interesting because Ripple (the company) has similar trademarks - "xCurrent," "xRapid," and "xVia" - specifically speaking, the "x" in front of each word and/or service mark. Furthermore, these filings are even more interesting if @NMNR's other statement is true - an exclusive agreement between the two parties. Trademarks provide a competitive advantage as well. Arguably, in my opinion, these trademarks filings from 2017 bolster @NMNR's claims of a Bank of America partnership. Lastly, these trademark filings could mean nothing (ha, doubtful though). @NMNR, if possible, dig into these filings some more. We would love to hear more about "xATM" and what BoA is thinking, if possible. A automated teller machine service that dispenses XRP and/or allows a customer to withdraw XRP from their bank account? Yes, please. https://www.xrpchat.com/topic/29147-qa-payments-innovation-bank-of-america/?do=findComment&comment=634318 https://www.xrpchat.com/topic/28812-brad-garlinghouse-fis-are-already-using-xrp-in-their-payment-flows/?do=findComment&comment=629251
- 9 replies
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- trademarks
- legal
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Interesting article listing partners I hadn't heard about like Eco Bank. https://www.theindependentrepublic.com/2018/01/18/wallstreet-wants-a-ripple-ipo-soon/
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Two seperate articles that just came out seem to show some indications that Banks and Governments are starting to turn their views on cryptocurrencies. The first one is about the U.S. Government realizing that State-issued cryptos like the Venezuelan 'Petro' could easily defraud U.S. customers. That will probably be the case (and beyond) as it seems clear that the same way one cannot trust a Government that keeps on printing new fiat money irresponsibly with no gold backing it and causing rediculous inflation, cannot be trusted either for their new coins actually being (and staying) backed by oil. https://www.coindesk.com/senator-menendez-venezuela-petro-cryptocurrency/ The second one is about the Bank of America openly reporting that the inability of Banks to adapt could see a failure to compete with cryptocurrencies. Of course that has a multidimensional background, of which one is that Banks issueing their own cryptocurrencies is not a viable sollution as, besides 'backing' it by fiat which in the end is nowadays not actually backed by gold any more, each bank having their own coin would in reality be steps back in time in stead of progress. Also, States and Banks in fact already have their own electronic currency (the balance of bank accounts) which show their limitations that cannot be changed by adding some blockchains to them. https://cointelegraph.com/news/bank-of-america-our-inability-to-adapt-could-see-a-failure-to-compete-with-crypto Luckily this multidimensional yet significant problem has a horizon, and will only take two steps. The first one is recognizing that cryptography in general is one of the few true guarantees that a coin or asset will have true scarcety, giving it value in stead of hollowness. The second one is recognizing that there is one company out there that has been persistantly reaching out to them. The one company that has been rowing against multiple heavy streams, of which one is that of various Governments and Banks degrading crypto soley as bubbles, and another one being a large crypto community out there degrading them for reaching out to the banks. Embrace the company that has reached out to you, and will keep on doing so.. Embrace their tech that is superior and offers functionality beyond all existing blockchains out there.. Embrace the token that will offer the speed, instant liquidity, siginificant cost reduction and the worldwide reach you need, and is made to serve all.. Embrace Ripple.. Embrace XRP. ( @Hodor and @TplusZero, maybe this can serve as inspiration for an open letter to Banks and Governments ? )
- 7 replies
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- bank of america
- venezuela
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Is there a connection between Ripple and Bank of America's cryptocurrency exchange services? I know Ripple and Bank of America are partners but will this patent include Ripple? In a patent awarded by the U.S. Patent and Trademark Office on Tuesday, the second-largest bank in the U.S. outlined a potential cryptocurrency exchange system that would convert one digital currency into another. Further, this system would be automated, establishing the exchange rate between the two currencies based on external data feeds. @cmbartley @Hodlezerper @Hodor https://www.coindesk.com/bank-of-america-outlines-cryptocurrency-exchange-system-in-patent-award/