Bank of America came up with an innovation to control access of blockchain platform to improve security and has since gained patent to it.
Bank of America
Bank of America CTO Cathy Bessant sees use of cryptocurrencies a burden to payment systems.
On Thursday 12th April, the Bank of America made move to obtain a patent right on a Blockchain-based data storage system with automated data authentication.
Report shows that almost 20 percent of investors went into debt to hold bitcoin and more than half of them were able to pay back their loans. Making most issuers of credit card to disallow crypto purchasing.
Several US-based and International banks have banned cryptocurrencies from being purchased using their credit cards. While that might suck for some, it's actually a rational and secure decision considering the cryptomarkets heightened…
Big Banks have announced to clients that they would not provide access to CBOE Sunday’s Bitcoin Futures.
The Bank of America is using blockchain to ensure efficiency and workflow.