Anyone else read the BoA patent published this week? No? Here's what it was about -They intend on creating a one-size-fit all device to enterprises and retailers. Complete with in-app exchange rates, swift fiat liquidity, and a secure vault system.Embodies the one thing I fear the most - Such topics are usually not given enough coverage, not are they discussed within crypto-circles. But behind the backs of all shady ICOs and ambitious individuals, the banks, the institutions, the audit firms, ALL are filing and getting their hands on as many patents as possibleMeaning - most ICO applications could end up being properties of the above mentioned companiesOr worst, cryptocurrencies could be widely used in the years to come.............facilitated by banks, hedge funds, and institutions.The patent also describes a "cryptocurrency credit" to customers, complete with a risk profile and other bank-like processes shoved in the cryptocurrencies.They want to build a robust infrastructure in place BEFORE regulations. So when the latter kicks in, we know who really wins.After all, it's not token makers who win - it's always the HOUSE (read:infrastructure)
Submitted August 25, 2018 at 06:15PM
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