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Intuit Develops a Method to Send Bitcoin Via Text Messages

Intuit Develops a Method to Send Bitcoin Via Text Messages

Business and financial software developer from California Intuit has been granted a patent for processing bitcoin installments via text message.

Published by the U.S Patent and Trademark Office (USPTO) on Tuesday, the patent details how a network of virtual accounts could empower two users to transfer funds utilizing their phones. The patent was filed in 2014, not long after the company had launched its QuickBooks Bitcoin Payments service that allowed small businesses to accept bitcoin instead of fiat currency.

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Mastercard Has Increased Cryptocurrency Transactions Speed

Mastercard Has Increased Cryptocurrency Transactions Speed

A high-end global payments giant Mastercard has won a U.S. patent for accelerating cryptocurrency transactions, according to the document published on Tuesday, July 17, by the U.S. Patent and Trademark Office (USPTO). The new public blockchain-based method will allow clients to manage “fractional reserves of blockchain currency”, thus associating fiat assets and blockchain money. Up to that moment, cardholders could only pay for things using legal tender – a currency recognized as official money by the government. Mastercard proposed to make purchases using bitcoin stored on a credit card. read more

Sony to File Patents on Blockchain-Focused Devices

Sony to File Patents on Blockchain-Focused Devices

Japanese leading tech company Sony is to patent 2 hardware approaches for facilitating and maintaining blockchains.

The two filings named "Electronic Node and Method for Maintaining a Distributed Ledger" and "Device and System" are uncovering that the organization is working on blockchain-related hardware concepts. Potentially, these devices will be included in a future product. Earlier, Sony has filed patent applications focused on blockchain use cases, such as education data management and security. read more

Alibaba, IBM and Mastercard at the Top of Blockchain Patent Ranking

Alibaba, IBM and Mastercard at the Top of Blockchain Patent Ranking

Large financial and technical entities Alibaba and IBM from China and the U.S. respectively are leading in the new top-list that ranks companies by the number of blockchain patents filed.  

The World’s Leaders in Blockchain 

iPR Daily, a Chinese media outlet focused on intellectual property, released a report showing the total amount of patents filed by each of the world leaders. It demonstrates that Chinese web giant Alibaba is at the top of the list with 90 blockchain patent applications. 

IBM, an American technology company, has to date filed 89 applications, while Mastercard possesses third place with 80 patents. With 53 blockchain-focused patents, Bank of America made it to fourth place. 

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