Barclays Bank has filed two patent applications related to cryptocurrency products

British Bank Barclays, which is perhaps arguably the most influential corporate Bank in the world, sent two patent applications relating to the implementation of cryptocurrency transfers and storage of data in a distributed registry. The application was published this week on the website of the Office for patents and trademarks of the United States.

In the first application called the Data Operations Secure Digital (Secure digital transaction) describes the system of transferring digital currency from the payer to the recipient is able to identify both participants and confirm the transaction using cryptographic tools.

The second application is called Data Validation and Storage (Validation and storage of data) and refers to the accounting system data in the blockchain.

It is worth noting that the last two years, the Bank actively interested in the cryptocurrency sphere. Last summer, he spoke openly about the danger that digital currency poses to the financial industry. However, this spring the Bank entered into a partnership with cryptocurrency exchange Coinbase. According to some information, the Bank is thinking about creating its own platform for cryptocurrency trading.

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