Applying for a patent 15k, Mastercard patenting even more blockchain priceless
Get the Full StoryMastercard have applied for a new blockchain patent. Yep another one. Is there a limit to how many patents you can apply for in one year? The document outlines its particular goal: quickening merchant transactions that use cryptocurrencies. It describes the problems faced currently by those buying or selling goods with digital coins. Lengthy confirmation times, they claim, have put a real dampener on the exchange, especially considering technology is already widely available that make the whole thing instantaneous. Mastercard s solution is to build a system that manages a fractional reserve of blockchain currency, with a hope of streamlining the process. They would hold… This story continues at The Next WebShare: