Bank of America has patented a AI assistant for operations with cryptocurrency

Date:

2017-12-08 20:00:05

Views:

3578

Rating:

1Like 0Dislike

Share:

Bank of America has patented a AI assistant for operations with cryptocurrency Source:

According to 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 to the right client at the moment. After a transaction, the system «riprap» bought at the rate of coins client 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.

In 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.

Recommended

To work with PDF difficult? Try this app

To work with PDF difficult? Try this app

PDFelement — a powerful processor to work with PDF Many of us somehow have to work with documents in PDF format. One needs it in the office, others just prefer to share documentation in PDF format as it is convenient to use and economical in ba...

How to get started with the training of neural networks

How to get started with the training of neural networks

No machine learning can not work none of the neural network. a few years ago neural networks were something outlandish. Now this tool is mastering more and more people. And this industry is evolving at an incredible pace: recently, the neural network...

Why China began to raise pigs the size of a polar bear?

Why China began to raise pigs the size of a polar bear?

Pigs can weigh more than a ton In the article about the successful establishment we mentioned that is one of the largest consumers of pork meat. However, at the moment, Asia is widely distributed so-called African swine fever. This disease is not for...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

Mobile mining farm and muddy ICO

Mobile mining farm and muddy ICO

If you are going to build a big farm for mining, there is always a number of issues. One of the most popular sounds like: how fast to move the equipment to another location? Exit — building a mobile farm, which can be a norm...

Elon musk blamed the shortage of batteries

Elon musk blamed the shortage of batteries

the Problems Elon musk associated with batteries have not gone away. Moreover, now it is also considered guilty of deficiency of AA batteries, which is now observed in South Korea and Japan. An unnamed source Korean newspaper Etne...

The neural network Bitcoin Bubble Burst will warn about the collapse of Bitcoin

The neural network Bitcoin Bubble Burst will warn about the collapse of Bitcoin

Many serious businessmen and analysts avoid purchases of the cryptocurrency, pointing to the fact that they are — the usual hyped bubble that is about to burst, and all around will regret that they invested in this business ...

ASIC or farm for mining? Pros, cons, pitfalls

ASIC or farm for mining? Pros, cons, pitfalls

Many have already read our past articles and have started mine. Someone collected the cards, but who chose to be miners . But surely there were also those who are still undecided due to the fact that he wants to weigh all the pros...

Moon Express has transferred the flight to the moon in 2018

Moon Express has transferred the flight to the moon in 2018

At the end of 2017, the company Moon Express promised to start on the moon your ship, thus becoming the first private company to plant the lander on the lunar surface. Unfortunately, the launch had to be postponed to 2018, but the...

The blockchain will replace the outdated system of passwords and will protect against break-ins

The blockchain will replace the outdated system of passwords and will protect against break-ins

the Modern methods of identification on the Internet stopped being reliable, so they need to upgrade — writes MIT technology Review. One of variants of such modernization can become . If identifiers will be decentralized, th...

Battery giant Hyundai will beat the Australian record for Tesla

Battery giant Hyundai will beat the Australian record for Tesla

The powerful lithium-ion battery in the world is in Australia — it was established by the company Tesla Motors in just 100 days. But soon, she could have a much more powerful , which is created by Hyundai are Electric &...

Elon Musk has discussed with the mayor of Chicago build analogue Hyperloop

Elon Musk has discussed with the mayor of Chicago build analogue Hyperloop

the Administration of the city of Chicago announced a competition for the best project of the highway connecting the center with the airport Ohara. Of course, the desire to build the best and high speed tunnel have expressed a des...

The Falcon Heavy launch delayed till next year

The Falcon Heavy launch delayed till next year

in Summer, the head of SpaceX and Tesla Elon Musk has announced that his aerospace company plans to begin test flights of a heavy rocket, the Falcon Heavy in November-December of this year. But it seems that the company's plans ha...

Shinhan Bank will allow customers to keep their savings in the cryptocurrency

Shinhan Bank will allow customers to keep their savings in the cryptocurrency

Large commercial, Shinhan Bank from South Korea began testing a bitcoin vault and cryptocotyle, which will soon be able to use all of its clients. When running, Shinhan will become the first commercial Bank in the world to propose...

Microsoft opens champagne: Windows 10 runs on 600 million devices

Microsoft opens champagne: Windows 10 runs on 600 million devices

Chief Executive officer Redmond Corporation Satya Nadella second time in 2017, announced the official statistics on use of the flagship operating system from Microsoft. So, today is used by more than 600 000 000 different devices....

Sberbank and Alfa-Bank held a first payment transaction using blockchain technology

Sberbank and Alfa-Bank held a first payment transaction using blockchain technology

Russian banks Sberbank and Alfa-Bank organized the first Russian Bank transfer through the blockchain. In a result the mobile operator "Megaphone" has transferred to its subsidiary company "Megalabs" 1 million rubles to the accoun...

Company from Hong Kong discussing with the Amur region of the joint mining project

Company from Hong Kong discussing with the Amur region of the joint mining project

Hong Kong firm Genesis Engineering plans to launch a large-scale mining project in the territory of the Amur region, part of the far Eastern Federal district of the Russian Federation. Earlier, the Ministry of the Russian Federati...

The CEO and founder of Xiaomi can be associated with the Chinese giant mining

The CEO and founder of Xiaomi can be associated with the Chinese giant mining

the Head Xiaomi lei Jun — a very rich man and a respected businessman. In 2014 he was awarded the title of businessman of the year in Forbes, and a year later there took place 87 Forbes as the owner of a personal fortune of ...

Architect of the future: a candid conversation with Elon Musk

Architect of the future: a candid conversation with Elon Musk

Elon Musk is a unique inventor who wants to change the world, people populating the space, flip the high-speed transport, to reinvent the car again — and he hoped along the way to find love. Rolling Stone magazine has dedicated se...

10 reasons for the collapse of the future of bitcoin

10 reasons for the collapse of the future of bitcoin

People who are outside the complex and exciting world of cryptocurrency, bitcoin to understand difficult. Many of them waved many years, saying it is a fad that will disappear as quickly as chocolate "Papillon". However, recently ...

Bitcoin was worth half a million rubles

Bitcoin was worth half a million rubles

Yesterday, the exchange rate broke another record — the price of the cryptocurrency on the exchange Coindesk during the bidding rose to 8.7 million dollars, which is around 508 thousand rubles. bitcoin Growth amounted to 5...

The Swiss Bank proposed a solution to the problem of the volatility of Bitcoin

The Swiss Bank proposed a solution to the problem of the volatility of Bitcoin

Bitcoin — very volatile cryptocurrency. Its course can significantly change, taking off or collapsed from the news or a Twitter post. It is this feature of Bitcoin is often cited in the debate his opponents, which, in Genera...

Record: Costa Rica has lived in renewable energy 300 days

Record: Costa Rica has lived in renewable energy 300 days

a Small country with five million people 300 days lasted only derived from renewable sources. The previous record of the country has put in 2015 — then she managed to survive for 299 days. most of the country gets electrici...

Lukashenko may allow in Belarus, the exchange of cryptocurrency

Lukashenko may allow in Belarus, the exchange of cryptocurrency

the New system in exchange for real money can appear in Belarus in the near future. It is expected that this will happen after the signing of the decree by Lukashenka «About the high-tech Park», said the Director of the ...