Aren't banks suppose to cover the losses of their users and peers should a hack or loss within their vaults occur? Anyway though, it seems that more and more institutions are getting their hands on blockchain and crypto tech. Most banks relied on obscure security practices back then, and I think it's about time that they do something innovative on the way they handle other people's money.
Yep, they also have insurance to cover losses. What I was saying is that this should extend unto any custodial services they might be planning on the future. This way, there would be a legitimate advantage in storing cryptos in bank over a personal wallet. It kind of doesn't make sense for them to keep keys and
not touch the money though, unless it's a paid service.
But yeah, it's just a patent at the moment, which really isn't anything more than exclusive rights to an idea.