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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