JPMorgan patent application looks a lot like Bitcoin
Is Bitcoin vulnerable to similar products? JPMorgan Chase & Co. apparently thinks so.
ValueWalk, citing a story in the Financial Times (which requires a subscription), reports that the banking giant has filed a patent for a system that sounds quite similar to Bitcoin. The patent is for a computerized payment system that enables users to make electronic payments anonymously over the Internet.
The filing came in August but was just made public late last month.
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