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The Stack Archive News Article

Bank of America files blockchain ATM patent

Fri 28 Dec 2018

blockchain-news

A patent filed this week by Bank of America describes a blockchain-powered ATM network which could provide users with secure, high-speed transactions based on a distributed ledger system

The Bank of America blockchain ATM would create a data transport network with full encryption and security, with cloud integrations and scalable hosting of web services and applications.

A blockchain-based network of ATM machines could provide a number of benefits to customers, including increased security and faster speed of transactions. It could also accommodate a greater variety of transactions than a traditional machine, such as gift registries and video communications.

It also provides for …

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Blockchain finance FinTech news U.S.
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