RATE Group | RBC exploring cryptocurrency trading platform for investments and online purchases
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RBC exploring cryptocurrency trading platform for investments and online purchases

11 Nov RBC exploring cryptocurrency trading platform for investments and online purchases

Posted at 12:06h in Cryptocurrency News by

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RBC is exploring building a cryptocurrency trading platform for investments, as well as in-store and online purchases, The Logic has learned. 

The trading platform would facilitate the buying and selling of individual digital coins, including Bitcoin and Ether, as well as the transfer of funds combining different types of cryptocurrencies. The bank is also looking into letting customers open bank accounts containing cryptocurrency.

Talking Point

Four newly public patent applications reveal RBC is exploring the creation of a cryptocurrency trading platform for investments as well as in-store and online purchases. The bank is already using blockchain in some parts of its operations; in March 2018, it published a patent for blockchain-based credit scoring and in May 2019, the bank said it was using blockchain to verify client identities. The new patents suggest a wide variety of additional applications, including blockchain-based smart contracts…

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