Bank of America's new patent hints at possible crypto storage device

The bank was awarded a patent on Tuesday for a "hardened storage device" for storing cryptographic keys. According to the patent, "Since most computing devices.... are frequently, and in some instances continuously, connected to a wired and/or wireless public network...internally stored private cryptography keys are continuously susceptible to being misappropriated by an entity that desires to usurp a user's identity." Bank of America's patent allows for the development of a "tamper-responsive" device for "hardened remote storage." Further hinting at its interest in the storing cryptocurrency private keys, the patents refer to the term "crypto-currency" multiple times. (Source: CoinDesk)