It has come to light that Bank of America has recently filed for a patent for a settlement DLT system citing the Ripple ledger. It is called “Real-time net settlement by distributed ledger system” according to Google Patents.
Ripple along with its partners are changing lives in the South Eastern Asian Nations. Some call it the best testing grounds for blockchain and cryptos, since a lot of people are working abroad and using remittance networks to support their loved ones.
Ripple has made substantial success by launching a new office in Zurich, Switzerland. The main purpose for this is to sell XRP to institutional buyers.
Coinone Transfer has launched its remittance app called Cross which will use Ripple’s xCurrent to ensure speedy cross-border payments.