Quote from: OliverChassa on December 08, 2017, 09:24:15 AM

Bank of America just won a patent to develop a crypto exchange system. Here is a short extract about what the patent states: Enterprises may handle a large number of financial transactions on a daily basis. As technology advances, financial transactions involving cryptocurrency have become more common. For some enterprises, it may be desirable to exchange currencies and cryptocurrencies.

The proposed system which is, at present, only a patent and not yet a fully realized system has three facets: the customers account, and the two businesses running the system. Like money in a traditional checking account, the customer would store their cryptocurrency in an account. The second account would hold currency to be sold, and the third would contain the currency the customer is converting to.

It's definitely not a surprise that more of the major financial actors want to get somehow involved in cryptocurrencies. I would expect both pure crypto companies and financial actors working more closely together in the near future, not exclusing M & A either since the market needs both type of companies.

Here is the link to the article I was refering to: https://futurism.com/bank-america-wins-patent-crypto-exchange-system/

I really doubt the authenticity of this news because Merill Lynch recently announced that they will not be supporting any crypto related account in their business. Since they are the same entity, I doubt BOA will ever support crypto in any form. I will try to follow their official announcement page to know more about their stand on bitcoin and crypto. But I hardly see any positive thing coming from them. Please recheck about the authenticity of this news.