Mastercard Gets Patent for Creating a Cryptocurrency-Fiat Hybrid

[thedesertlynx]

Mastercard Gets Patent for Creating a Cryptocurrency-Fiat Hybrid

Mastercard, the global credit and payments processor, recently received a patent in the United States for a cryptocurrency and blockchain system that speeds up transactions by first running payments through fiat accounts.

The document filed with the United States Patent and Trademark Office (USPTO) is titled “Method and system for linkage of blockchain-based assets to fiat currency accounts” The patent filling recognized that cryptocurrencies have “seen increased usage over traditional fiat currencies by consumers who value anonymity and security”, but still lacks adoption because of long payment processing times.

Read more: https://www.dashforcenews.com/mastercard-gets-patent-for-creating-a-cryptocurrency-fiat-hybrid/​

 

[solarguy]

If they can't beat us, they will try to join us.

cryptocurrency "still lacks adoption because of long payment processing times."

Guess they haven't heard of Dash InstantSend yet.

They will though.....

 

[thedesertlynx]

Or more importantly, they omitted that credit cards take days to process.

 

[hanslekker]

With a company as big as Mastercard getting on the bandwagon it's promising as more people will use crypto for payments.