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.