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Q&A - Payments & Innovation - Bank of America

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How do you think the concept of "just in time liquidity" will change the role of a Corp Treasury department?

...and how will it change liquidity services offered by banks?

What parallels and contrasts do you see with the innovation of "just in time inventory" from a Corp Treasury perspective?

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1. What are BoA's plans to provide a storage option for crypto?

2. Would a BoA Wallet tied to both the users accounts and crypto holdings be a smart idea?

3. BoA has a large commercial division, what will BoA do to help small to medium business navigate the FX issues faced when doing business across borders with both vendors and clients?  -This is a Consultative role and a billable Value Added Service - VAS

4. IS BoA concerned that more commerce will shift to crypto over traditional trans-actionable services and therefor eliminate the banks former role in these front line services?

5. As the Crypto world is aggressively working toward the un-banked world, what will BoA do to help foundations like the Bill Gates foundation, and Microsoft further build this new 3rd world financial environment? 

Finally,

6.  What has to change or be decided in Regulation/SEC/etc for BoA to become an a innovative partner in the new world of Internet of Value - IoV?

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2 hours ago, Esprxp said:

I think it's a very smart idea for BoA to create a line of communication between the XRP community and the bank. Without a doubt it is the beginning of a new stage, the future is about to be written.

Thanks Naweed!

He isn't doing this in an official capacity. Therefore, there is no line of communication from BoA to the "XRP community." His opinions and views are his own and not the opinions or views of his employer, their subcontractors, subsidiaries, affiliates, owners, directors, officers, agents, or attorneys. 

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1. Does the fact that foreign banks and governments appear to be more advanced in regulatory policy than the US in terms of potentially using digital assets concern Bank of America, in terms of those banks gaining a competitive advantage over you?

2. How quickly do you anticipate regulatory clarity in the US regarding the use of digital assets such as XRP manifesting itself? Do you have any doubts as to whether the US will support the use of digital assets?

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54 minutes ago, TheXRPer said:

He isn't doing this in an official capacity. Therefore, there is no line of communication from BoA to the "XRP community." His opinions and views are his own and not the opinions or views of his employer, their subcontractors, subsidiaries, affiliates, owners, directors, officers, agents, or attorneys. 

That's what Naweed had to tell us, not you

Edited by Esprxp

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