- The patent awarded this week is for a potential automated cryptocurrency exchange system that would convert one digital currency into another.
- The proposal appears aimed at Bank of America's (NYSE:BAC) business customers. From the application: "Enterprises may handle a large number of financial transactions on a daily basis. As technology advances, financial transactions involving cryptocurrency have become more common."
- This isn't the bank's first crypto-related patent. In 2014, it filed for another for a cryptocurrency-powered wire transfer system.
- Source: Coindesk
- Bitcoin, meanwhile, is up another 3.5% to $14,227. Maybe most notable in this week's Bitcoin rally is that altcoins are fading. Ethereum is down another 2% today, and Litecoin 4.7%. The previously super-red-hot Iota is down 26%.
- Related tickers: OTCQX:GBTC, COIN, RIOT, OSTK, SSC, MARA, UEPS, OTC:BITCF, XNET, GROW, OTCPK:BTSC, OTCQB:BTCS, OTCQB:MGTI, SRAX, OTCPK:GAHC, OTCQB:UBIA, OTC:ARSC, OTCPK:USTC, OTCPK:PRELF, OTCPK:BLKCF
- Now read: Bitcoin Series #1 - The Basics
Original article