MasterCard Files for New Patent to Speed Up Cryptocurrency Payment Transactions

Home / MasterCard Files for New Patent to Speed Up Cryptocurrency Payment Transactions

The new patent covers consumer protection and payment transactions based on blockchain technology. The new patent application includes a new form of a public blockchain-based method for linking assets between blockchain and fiat currency accounts. MasterCard representative noted that combining traditional payment systems with blockchain-based currencies “may provide consumers and merchants the benefits of the decentralized blockchain while still maintaining the security of account information and provide a strong defense against fraud and theft.”

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