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Bank Of America Cryptocurrency Patents

Bank Of America Cryptocurrency Patents. As a form of currency, says bessant, bitcoin and similar kinds of. Bank of america receives approval for a cryptocurrency exchange patent.

Crypto Colonizing B Of A S Blockchain Patent Strategy American Banker
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Thus it might seem contradictory that one of the patents owned by bank of. On december 5 the u.s. Moreover, amazon wins a cryptography and distributive data storage patent. The bank of america was even the first major u.s. The us patent and trademark office awarded the filing on tuesday.

Since 2014, the bank has been filing for blockchain and cryptocurrency related patents, which has now totalled over 20 patent applications.

Public documents published on thursday by the u.s. The development is comparable to patents awarded to, or applied by, several multinational corporations, such as ibm, wells fargo and intuit. It filed a patent application for a permissioned. This was reported by bloomberg, citing a memo from the bank's head of global research, candace browning, and confirmed by a company spokesperson who declined to comment further. The us patent and trademark office awarded the filing on tuesday. The second largest bank in the us, bank of america, was recently awarded a patent for secure crypto key storage indicating that its interests in the industry are still the list of patents secured by major banks and financial institutions is growing, a strong sign that they believe in a cryptocurrency future.

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