Canada’s largest bank will launch a platform for cryptocurrency trading

Canada’s largest bank will launch a platform for cryptocurrency trading

Blockchain Exchange
November 12, 2019 by cryptorolling.com
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Royal Bank of Canada (RBC), which manages $499 billion worth of assets, will launch a platform to trade Bitcoin and other cryptocurrencies, reports The Logic.
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The bank has filed four patent applications in Canada and the United States for solutions to integrate cryptocurrencies into its operations. According to the publication, RBC will also be able to open accounts to store cryptocurrencies.

“For individual users, managing cryptographic keys and performing operations with various crypto-actives can be a challenge. In some situations, it may take time to validate crypto-asset transactions and/or they may be incompatible or unsupported by trading systems,” one of the patents says.

The bank refused to comment on the rumors and noted that applications are constantly submitted to protect ideas and concepts.

Recall that the Central Bank of Canada is considering the possibility of issuing its own digital currency to combat the “direct threat” coming from the cryptocurrencies.

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