/biz/ - Business & Finance

[Anonymous No.7776421]

Let's actually do something real instead of shilling and fuding coins.

This is a patent from Bank of America titled "Cryptocurrency transformation system"

http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&u=%2Fnetahtml%2FPTO%2Fsearch-adv.htm&r=1&p=1&f=G&l=50&d=PTXT&S1=9,836,790.PN.&OS=pn/9,836,790&RS=PN/9,836,790

Let's dig in and see if we can interpret what (((they))) may have planned.

What does this imply?
"In general, an enterprise may offer a variety of financial services that may utilize cryptocurrency. For example, currency exchanges are used by customers, such as customers of financial institutions, to exchange one currency for another currency. Some currency exchanges may involve converting one currency into a cryptocurrency such as Bitcoin, Litecoin, Ripple, Peercoin, or Dogecoin. To execute such an exchange, an enterprise may receive payment from a customer in a quantity of one currency to exchange for an amount of a cryptocurrency equivalent to the received payment from the customer. Essentially simultaneously or shortly thereafter, the enterprise may convert the first currency into the cryptocurrency."

[Anonymous No.7776785]

[Anonymous No.7777467]

guess no one is interested in doing actual research here anymore.

[Anonymous No.7777670]

In for gainz

[Anonymous No.7777773]

They aren't planning anything. That's a BS patent trolling for lawsuits/ to shut down cryptocurrencies. That patent would apply to almost any DEX

[Anonymous No.7778908]

Although the present invention has been described with several embodiments, a myriad of changes, variations, alterations, transformations, and modifications may be suggested to one skilled in the art, and it is intended that the present invention encompass such changes, variations, alterations, transformations, and modifications as fall within the scope of the appended claims.