Daily News: December 27, 2018

Bank of America Files Patent for Blockchain-Enabled ATMs


According to Coindesk, Bank of America has filed a patent for a shared network of ATMs that utilize blockchain technology, potentially allowing the bank to accelerate the transaction speeds of cash withdrawals, deposits and gift registries.

Coindesk reported the machines would be “multi-tenant” devices, allowing multiple stakeholders to access the same software.

Coindesk added that Bank of America has so far filed patents for over 50 other blockchain-related devices and technologies.