Invention Grant
- Patent Title: Cryptocurrency offline vault storage system
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Application No.: US14306158Application Date: 2014-06-16
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Publication No.: US10255600B2Publication Date: 2019-04-09
- Inventor: James G. Ronca , Joseph B. Castinado , Heather Dolan , Thomas E. Durbin
- Applicant: Bank of America Corporation
- Applicant Address: US NC Charlotte
- Assignee: Bank of America Corporation
- Current Assignee: Bank of America Corporation
- Current Assignee Address: US NC Charlotte
- Agency: Baker Botts L.L.P.
- Main IPC: G06Q20/36
- IPC: G06Q20/36 ; G06Q20/38 ; H04L12/24 ; G06Q20/06 ; G06Q20/10 ; H04L29/08 ; G06Q20/40 ; H04L29/06

Abstract:
A system includes a memory that may store a customer account associated with a customer and a processor communicatively coupled to the memory. The processor is able to receive a request to deposit a quantity of cryptocurrency into the customer account and associate the quantity of cryptocurrency with the customer account. The processor is also able to deposit the quantity of cryptocurrency into a vault connected to a network and determine a total quantity of cryptocurrency deposited into the vault. The processor may also, in response to determining the total quantity of cryptocurrency deposited into the vault exceeds a threshold, facilitate the disconnection of the vault from the network.
Public/Granted literature
- US20150365283A1 CRYPTOCURRENCY OFFLINE VAULT STORAGE SYSTEM Public/Granted day:2015-12-17
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