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Bank of america files patent for cryptocurrency

Bank of america files patent for cryptocurrency

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Bank of America is seeking to patent a "partitioned" security system for digital currency wallets that gives different users different levels of. Bank of America may be eyeing �ATM as a Service� solutions powered by blockchain tech, according to a newly revealed patent application. Bank of America has filed for a patent for a settlement system citing a 'ripple' distributed ledger, according to a filing on Google Patents.

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Catherine Page, Bank of America Phone: catherine. Opinions or ideas expressed are not necessarily those of Bank of America nor do they reflect their views or endorsement. Wadley also leads 27 people who focus on technology accessibility and business enablement for our client-facing channel and payment platforms. BoA also says their solution could assist ATMs in tracking transactions, one of the most popular aspects of the digital ledger technology in the crypto space. The filing also describes a blockchain solution to track transactions, which allows the ATM to handle a larger amount of volume while reducing its physical cash transportation needs.