RATE Group | Bank of America Files Patent for Cryptocurrency Custody System
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Bank of America Files Patent for Cryptocurrency Custody System

27 Aug Bank of America Files Patent for Cryptocurrency Custody System

Posted at 01:49h in Cryptocurrency News by

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Bank of America Files Patent for Cryptocurrency Custody System

Finance

The Bank of America Corporation has filed with the U.S. Patent and Trademarks Office for a secure means for the storage and custody of cryptocurrencies. The filing describes a system for recording and storing data pertaining to cryptocurrency transactions designed for enterprises.

Also Read: UK Banks Freeze Company’s Accounts After Owner Traded on Localbitcoins

Bank of America Files Patent for Cryptocurrency Custody System Designed for Institutions

Bank of America, the second largest banking institution in the United States, has filed with the United States Patent and Trademarks Office for a system designed to provide a secure means through which cryptocurrencies can be stored.

The patent, titled “Block Chain Encryption Tags,”…

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