Enumerating the achievement – Bank of America has won a patent for a system

Normal people unlike crypto enthusiasts like you should literally entreat you to know about this crypto world. Such a baffling thing has recently happened. The Bank of America (BOA) has won a patent for a system for companies to store customers’ crypto deposits. The patent filing outlines different interactions between customers’ crypto holdings and an enterprise account, with the latter functioning to securely store (or “aggregate”) customers’ crypto deposits. The patent outlines methods for storing private keys associated with customers’ accounts, determining public keys, and generating “vault keys” for storage. The bank’s most recent crypto-related patent award, which was sealed Oct. 30, referenced storage methods for private keys.

4 Comments

  • James
    Posted November 14, 2018 5:27 pm 0Likes

    A digital safe deposit box that has the necessary insurance of a bank corporation.

  • Nicklaus
    Posted November 14, 2018 5:29 pm 0Likes

    I thought this is a secure one..

  • Sara
    Posted November 14, 2018 5:30 pm 0Likes

    Yes,Transactions which look illegal would not be allowed to process..

  • Johanna
    Posted November 14, 2018 5:34 pm 0Likes

    Bitcoin are rapidly raising in value.

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