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Mastercard has won a patent for fractional cryptocurrency banking, which suggests the global payments multinational has plans for a management system of fractional reserves of blockchain currency. Mastercard Blockchain Patent Integrates Existing Traditional Payment Networks with Blockchain Currencies The patent, filed on 29 June 2018, refers to “the...
Amid Mastercard’s unexpected push for a patent outlining “fractional reserve” banking for crypto assets, the CEO of Visa has claimed that cryptocurrencies aren’t a pertinent threat to the stability of legacy financial systems. Al Kelly: Bitcoin, Cryptocurrency Aren’t Immediate Threats To Visa Months after claiming that the “sun...
Mastercard’s research and development wing is looking into the implications of blockchain and other cutting-edge technologies to increase general efficiency at the firm. The Ireland-based subsidiary of the international payments giant has been responsible for various innovations in the six years since its formation. Mastercard Labs Innovating in...
As Bitcoin, along with the rest of the cryptocurrency market, began to rally heading into last weekend, the sentiment surrounding the future prices of crypto assets seemingly began to shift, as many optimistic investors claimed that an upside is in store. Chris Kline, a community voice at Forbes and...
The president and CEO of Mastercard has called cryptocurrencies “junk,” arguing that they don’t deserve to be considered as a medium of exchange. Ajay Banga was making his comments at the New India Lecture organized by the Indian Consulate in New York in partnership with the U.S.-India Strategic Partnership Forum...
What does Cryptology do differently? Using a web exchange for currency trading combining fiat and tokens together. An international team of crypto enthusiasts has recently launched a new project called Cryptology, an exchange platform simplifying your investing and crypto trading processes. Cryptology Exchange aims to create a truly...
Mastercard released their 2018 Q1 financial results on May 2 showing record first-quarter net income of $1.5 billion and revenue of $3.6 billion. They attributed some of this success to the December and January boom in cryptocurrency prices as they expect results to drop following the recent bear market....
Litecoin has taken a significant price hit since promised payment processor LitePay has informed them that it has closed up shop. What Went Wrong? On Monday, March 26 the Litecoin Foundation, a non-profit dedicated to the advancement of Litecoin and an investor in LitePay, announced on its website that...
Mastercard has announced that it is receptive to using nationally backed central bank issued digital currency in the future while holding on to its stance that all others are “junk”, The Financial Times reported. Mastercard Will Deal With National Digital Currency In an interview with the FT Ari...
A patent grants its holder exclusive rights to an invention, such as a piece of technology, for a certain period of time. While designed as a means of protecting the intellectual property of inventors, the system is not without its critics who believe that patenting deters innovation and...
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