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Bank of America News

Bank of America (BofA) is an American financial conglomerate providing a wide range of financial services and is one of the largest bank holding companies in the USA in terms of assets. It was founded in 1904 and currently headquartered in Charlotte, NC. BofA has become the first financial establishment that has included cryptocurrency in a report about forthcoming financial risks. According to Bank of America, cryptocurrency is not just a threat for their budget, but it complicates the work of preventing money laundering. Also, the company has shown its dependence on innovations made in the market of financial services, including blockchain technology, which can demand a large amount of spending for its implementation. Despite the fact that the holding has expressed skepticism about using Bitcoin, Bank of America has registered some cryptocurrency-related patents in order to prevent customer outflow.

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J.P. Morgan Chase has now referred to cryptocurrencies as a “risk” to its business that could cause it to lose market share, according to its annual SEC report.

J.P Morgan Sees Crypto As ‘Competition’ And ‘Risk’ To Its Business In SEC Annual Report

Molly Jane Zuckerman

2018-02-28T12:32:00+00:00

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Bank of America lists cryptocurrency as a potential competition problem in its 2017 fiscal year report to the SEC.

Bank Of America: Our ‘Inability To Adapt’ Could See A Failure To Compete With Crypto

2018-02-23T18:23:00+00:00

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Three major banking organizations, J.P. Morgan Chase, Bank of America, and Citigroup, have announced they are not allowing customers to buy cryptocurrency with ...

J.P. Morgan Chase Bans Buying Cryptocurrency With Credit Cards

Molly Jane Zuckerman

2018-02-03T18:10:00+00:00

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The US Patent and Trademark Office (USPTO) has awarded a patent to the proposed digital currency exchange system filed by the country’s second-biggest bank, Ban...

USPTO Awards Patent to Bank of America’s Cryptocurrency Exchange System

Joshua Althauser

2017-12-07T16:48:00+00:00

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ING has created a new solution for anonymity, claims better efficiency than Ethereum.

ING Creates Wall Street Friendly Blockchain Solution

2017-11-17T13:25:00+00:00

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KPMG joins the #WSBA for Blockchain technology, becoming the first of the ‘big four.’

KPMG Joins The Wall Street Blockchain Alliance

2017-11-16T17:36:00+00:00

17606

AMEX files patent on Blockchain-based personalized customer rewards system offering customer-specific types of rewards that include points, a digital currency, ...

American Express Files Patent on Blockchain-Based Personalized Customer Rewards System

2017-10-24T15:30:00+01:00

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Bank of America has filed a pair of patents for a Blockchain technology-based system aimed to improve the tracking of file transfer processing in real time.

Bank of America Files Patent for Blockchain-based Processing System

2017-10-21T11:40:00+01:00

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