10 New Bank of America Cryptocurrency Patents Published
The US Patent & Trademark Office (USPTO) published 10 patent applications yesterday that were filed by Bank of America in June of last year. The list of proposals includes a "real-time conversion system", a "cryptocurrency transaction payment system" and a "cryptocurrency suspicious user alert system". Patent applications for offline storage, "risk detection" and transaction validation were also published, among others. To date, Bank of America has submitted 11 patent applications related to cryptocurrencies, suggesting that the firm may be looking to build, or at least conceptualize, a....
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The Bank of America has revealed it has up to 15 patents filed in the blockchain space, and intends to file 20 more before the end of the month. It seems that every day we get news that a leading financial organization is getting involved in the bitcoin and blockchain space. Last week it was the Australian Securities Exchange; the week before that it was the Chinese government; yesterday, Greg Medcraft, the head of the International Organization of Securities Commissions (Iosco), weighed in on blockchain adoption. Today, the trend continues. We’ve just learnt that the Bank of America....
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....
In addition to 15 previously filed blockchain-related patents, Bank of America is now reportedly drafting up another 20 patents that will be submitted to the US Patents and Trademark Office (USPTO) later this month. While numerous reports from regulators, settling houses and even governments talk up the potential of Bitcoin’s underlying technology – the blockchain, Bank of America (BOA) is trying to get ahead in the blockchain space as one of the few big financial institutions actively filing patents related to crypto technology. Speaking to CNBC, a spokesperson for the bank revealed that....
10 new patent publications filed by Bank of America have been published by the U. S. Patent and Trademark Office (USPTO) last week. The bank's patent applications were filed in June, last year. The USPTO has published 10 patent applications filed by Bank of America in relation to cryptocurrencies. The original filing was done in June 2014 and the 10 new applications add to an existing filing for a wire transfer system involving cryptocurrencies by Bank of America, published in September. While the bank's official plans or endeavors with cryptocurrencies are still unknown, the following....
A number of bitcoin patents on cryptocurrency-related products have been published earlier this month, leading some to wonder about its potential ramifications on the industry. Coinbase CEO and co-founder Brian Armstrong weighed in on this issue in a post on Medium. Just recently, Bank of America's patent on a system of cryptocurrency wire transfers was published by the US Patent & Trademark Office (USPTO). This was followed by news that Coinbase filed patents for nine bitcoin products, including a wallet, hot exchange, and a bitcoin tipping button. Coinbase Cryptocurrency Patents.....