Bank of America, one of the world’s largest financial institutions, admitted in an annual report that cryptocurrencies are a threat to its business model.
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Bank of America has quietly applied for dozens of cryptocurrency-related patents over the years. However, the bank has thus far declined to develop these technologies into functional products and has publicly expressed that widespread cryptocurrency usage is “unlikely” to happen.
Now, though, it seems as though Bank of America and other financial institutions are realizing that they can no longer pretend cryptocurrencies are not a threat...Click here to know the details story
AUTHOR
Josiah Wilmoth
