Mastercard Patents a Method to Manage Cryptocurrency “Fractional Reserves”

Mastercard Patents a Method to Manage Cryptocurrency “Fractional Reserves”
фото показано с : news.bitcoin.com

2018-7-19 22:30

Mastercard has patented a method to manage cryptocurrency “fractional reserves”. The big idea behind it seems to be that users will be able to pay with fiat on credit cards partly backed by crypto assets using a centralized system offering faster transaction conformation speeds.

Also Read: IBM Backs the Development of Latest New Stablecoin, Stronghold […]

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Mastercard Files Patent to Link Fiat and Cryptocurrency Transactions

Payment titan Mastercard was awarded a patent for developing a method of linking cryptographic forms of money to fiat currency accounts. Mastercard Aims to Augment Cryptocurrency Adoption Granted by the United States Patent and Trademark Office (USPTO) on July 17, 2018, the patent details a structure that manages “fractional reserves of blockchain currency.

2018-7-19 22:00