Canada’s largest bank, with over $965 billion in total assets, could soon launch a cryptocurrency trading platform. As per TheLogic report, the Royal Bank of Canada applied for four patents in Canada and the US related to the investment of crypto assets.
The part of the official document reads, to individual users, managing cryptographic keys and transacting with different cryptographic assets can be a challenge. It also added that in some cases, crypto-asset transactions might take time to be confirmed, and/or may not be compatible or supported by merchant systems or point-of-sale devices. This document hints that the RBC might soon launch a cryptocurrency trading platform.
RBC could soon offer Crypto Accounts
The report also mentioned that the bank could offer its customers cryptocurrency accounts as the bank has published more than 27-blockchain-related patents in the past three years. These include loan offerings, credit scores, vehicle records, and digital rewards.
The Canada is seeing a rise in the adoption of the cryptocurrency. Earlier, the Bank of Canada revealed that more than 5% of Canadians own the leading cryptocurrency, bitcoin.
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