Bank of America Files Digital Currency Patent

The Bank of America (BofA, a US based investment bank) has filed a patent for a digital currency wallet with multiple layers of asset access. The application points to Bitcoin and Ether as examples of digital currencies that are increasingly gaining attention, and per the filing driving the need for better wallet infrastructure. The BofA commented, “As an illustrative example, the user may have logically abstracted 4 BTC and 20 ETH in the first tier of the digital wallet interface…”

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