Bank of America will launch cryptocurrency storage system
The main bank in the United States applied for the corresponding patent to apply this system in a business environment
Bank of America introduced the application to obtain a patent that allows it to create a cryptocurrency storage system in a business environment. The firm that sits in Charlotte, Northern California, made the request for the first time last April.
Details of the operation of this system are given in the document. The bank plans to get a computer device based on blockchain technology that derives in online digital currency vaults. The background of this innovation dates from 2014.
Bank of America executives are highly hopeful in the system, even though the public still prefers to place their assets in traditional custody systems.
In support of their decision, they have pointed out that “companies can handle a large number of financial transactions on a daily basis. As the technology advances, financial transactions involving cryptocurrencies have become more common. For some companies, it may be convenient to store cryptocurrencies in a safe way.”
The second most important bank in the United States also asked a patent for a cold storage system, payments in cryptoactive as well as real time conversion.
M.Pino
Source: Infocoin
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