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Yes, Bank of America supports cryptocurrency. The bank has invested in blockchain technology and has expressed interest in crypto payments. What Bank of America has done with cryptocurrency Blockchain investments Bank of America has invested in blockchain technology and has hundreds of patents in the area. Paxos Settlement Service In 2021, Bank of America began using Paxos Settlement Service, a blockchain-powered platform to speed up stock settlements. Bitcoin exchange-traded funds In 2024, Bank of America's Merrill Lynch added Bitcoin exchange-traded funds to its brokerage platforms.