Author Topic: Bank of America Files Patent for Cryptocurrency Wire Transfer System  (Read 627 times)


Offline artilectinc

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Re: Bank of America Files Patent for Cryptocurrency Wire Transfer System
« Reply #1 on: September 23, 2015, 12:33:56 PM »
http://www.coindesk.com/bank-of-america-cryptocurrency-wire-transfer-patent/

BOA still doesn't understand what the purpose of blockchains is.  They are supposed to be open platforms, a standard for secure transfer of information between parties where the information cannot be destroyed and its content and ownership can be proven cryptograhically. 

BOA is building yet another closed system like every other financial institution for their internal clients with the upside that they could patent and license it to others.