Bank of America files a blockchain patent for “ATM as a service”

posted 3 months ago
Bank of America may be eyeing shared networks of ATMs powered by blockchain tech, according to a new patent application. The filing outlines a system via which cash-handling devices could utilize blockchain technology to “accelerate transaction speed and/or facilitate other types of transactions in addition to ATM transactions like cash withdrawals and deposits...”

The patent explains that the system would implement an “open and robust” data transport layer with “full” encryption and security.
Tags: blockchain, news