[2016-01-29] Bank of America Loads up on Bitcoin

[coinzat]

CNBC News reported that Bank of America is loading up on blockchain-related products.

According to the news:

Bank of America is trying to steal a march on the latest developments in the technology behind digital currency bitcoin by loading up on blockchain-related patents.
Blockchain works like a huge, decentralized ledger for the digital currency bitcoin which records every transaction and stores this information on a global network so it cannot be tampered with.

Major financial institutions — including the Bank of England — have released a number of notes over the last year on the potential of the technology and have created teams within their organizations to look into how to develop the cryptocurrency.

Read more: https://investingnews.com/daily/tech-investing/bitcoin-investing/bank-of-america-loads-up-on-bitcoin/

[aso118]

Yet another misleading headline.
Filing a lot of blockchain patents is far, far different from loading up on Bitcoin.

[Jacknife]

Yet another misleading headline.
Filing a lot of blockchain patents is far, far different from loading up on Bitcoin.

That is the reason I clicked the link. Otherwise I will not because I was curious that Bank of America will buy bitcoins directly.

[1Referee]

Yet another misleading headline.
Filing a lot of blockchain patents is far, far different from loading up on Bitcoin.

That is the reason I clicked the link. Otherwise I will not because I was curious that Bank of America will buy bitcoins directly.

Clickbait.

Bank of America is simply preparing itself for a possible takover of the blockchain technology in the financial industry. That's all. It's not against Bitcoin, the bank is just being smart to start working on its future this early.

[Kprawn]

The Bank of America is late to the party... there have been other companies and individuals who filed patents for the technology. I have seen some

articles on that before... We will have to see if the latest applications could be successful. This is going to turn into a mess and a lot of people are going

to dump a lot of money into a fruitless fight for intellectual property rights they could never own. Who owns the original code or concept? 

[BellaBitBit]

Misleading title and even if Bank of America is buying up Bitcoin it is too late.  They are just trying to see what they can do with the blockchain.