Judging by the patent, which is the second-largest U.S. Bank filed the other day, his leadership thinks about the future of cryptocurrencies, and more about how to make the life of its largest holders easier. The patent describes an automated system that will help companies to convert, sell and make cryptocurrency transfers, bringing the total money at the internal rate, which will also determine AI.
The algorithm described in the patent, will be able to convert one cryptocurrency to the other based on their courses and data exchanges. The client part of the system will allow users to manage their cryptocurrency savings, and the two service parts will be responsible for metabolic processes. One of them will be the original crypt, in the second — the one that is needed by the client at the moment. After a transaction, the system automatically “riprap” purchased at the exchange rate of coins to the customer in the wallet.
For the formation of internal course system is able to collect information from external sources, evaluating the risks of transactions and calculating the questionable transactions. In addition, due to the system, corporate clients will be able to make international payments in bitcoin, the output receiving the translation in the right crypt, either the currency is automatically converted at the internal Bank rate.
The patent emphasizes that the system is designed for corporate clients, individuals in the document does not appear. When Bank of America intends to implement the idea and to launch this corporate service was not reported.
Bank of America has patented a AI assistant for operations with cryptocurrency
Vyacheslav Larionov