Is Bank of America Trying To Monopolize The Blockchain?
In addition to the previous 15 blockchain patents filed, Bank of America is now trying to patent some of the uses of the Bitcoin technology, writing a draft of 20 more patents to be sent to the U.S. Patents and Trademark Office by the end of this month. So, it seems Bank of America is trying to take control over the Blockchain by getting 100% of the patents covering Blockchain technology. And this path was shown a year ago by Coinbase too. In fact, some months ago Coinbase filed patents for most of the aspects of the Bitcoin marketplace, including: Hot wallet for holding bitcoin, User....
Related News
The CEO of Bank of America says that his bank has hundreds of blockchain patents but regulations will not allow it to engage in crypto. “The reality is that we can’t do it by regulation,” he said.
Bank of America’s CEO on Crypto
Bank of America (BOA) CEO Brian Moynihan talked about cryptocurrency in an interview with Yahoo Finance Live at the recent World Economic Forum event in Davos, published Saturday.
He was asked about his bank’s plans for cryptocurrencies. “The reality is that we run a payments business across our....
Bank of America has become the latest major bank to make a foray into the cryptocurrency sector. According to an internal memo, the bank has created a team dedicated to researching cryptocurrencies. Bank of America believes that it is “uniquely positioned to provide thought leadership” on cryptocurrencies and the technology behind them. Bank of America (BOFA) has created a new team dedicated to researching cryptocurrencies, according to an internal memo seen by Bloomberg. A spokeswoman for the bank confirmed the contents of the memo. The new crypto team will be led by Alkesh....
The Bank of America is developing a trail based on the blockchain for trade finance transactions in an attempt to tap into the applications of blockchain or distributed ledger technology for real world applications. Bank of America has revealed the development of a blockchain-based trial for trade finance, as a part of the financial institution’s foray into pushing for the adoption of the underlying technology that powers Bitcoin. The application of blockchain technology to trade finance is seen to be as a significant leap for an industry that still relies predominantly on manual,....
Bank of America CEO Brian Moynihan and JPMorgan & Chase CEO Jamie Dimon both agree that the U.S. economy is doing well and consumers are in good shape. “The consumers basically have more money in their accounts by multiples than they did pre-pandemic,” said the Bank of America chief. Bank of America’s CEO: US Economy Is in ‘Pretty Good Shape’ Bank of America CEO Brian Moynihan said at the Institute of International Finance (IIF) annual membership meeting in Washington, D.C., last week that the U.S. economy is in good shape despite inflation, jittery markets,....
Bank of America Corp. has assembled a new team of experts to study cryptocurrencies, led by Alkesh Shah. Bank Of America Puts Together Crypto Team According to a report from Bloomberg on Thursday, Bank of America has formed a cryptocurrency research team in an attempt to profit on the growing interest in the digital asset […]