Mastercard Wins a Patent to Link Cryptocurrency With Fiat Accounts

by Larry Emmott on August 2, 2018

in Security

With Mastercard’s latest patent, we’re getting closer to using our cryptocurrency credit cards to purchase goods. According to the filing, the method addresses the storing of both fiat and cryptocurrencies under one profile. This means, as a user, you’d have two linked accounts with your bank — one for your fiat wealth, and one for crypto.

and this:

…the document states people are taken aback by cryptocurrencies and the blockchain because they’re so different from traditional payment methods. For that reason, combining systems already in place for fiat currencies with the digital assets could potentially promote adoption while retaining the benefits of decentralization.

Source: Mastercard Wins a Patent to Link Cryptocurrency With Fiat Accounts

I find all the cryotocurrency, bitcoin, blockchain stuff fascinating. I still don’t really understand it but people who supposedly know more than me are very excited.

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