Mastercard to Join Fiat and Cryptocurrency with New Patent
0 comments
The United States Patent and Trademark Office (USPTO) granted Mastercard this week a patent the company filed last May which describes a method that links blockchain-based assets to fiat currency accounts.
Mastercard says that the plan will significantly help customers by speeding up the transaction time of cryptocurrencies while providing security for the payee. It added that the solution would may help alleviate the wariness of merchants, retailers, and other service providers to accept blockchain-based payments, and at the same time making consumers more willing to trade in cryptocurrency if the decentralised nature of the technology was somewhat removed.
Source: ZDNet