“On the basis of the system, a risk score will be levied on cryptocurrency transactions between a customer and a third party,” according to the article. Through the patent, the bank hopes to garner trustworthiness of transactions and transparency in order to ensure the risks are lowered.
Read the full article from AMBCrypto.
BoA Patents Crypto Risk Detection System
Bank of America secured a cryptocurrency risk detection system patent, indicating concerns about transactions with the digital money. So reports AMBCrypto.