Mastercard Patent Claims Cryptocurrency Can Benefit From Fractional Reserve Banking

in #dlike6 years ago

share-with-dlike.jpg

Payment processing giant Mastercard wants to patent a new method of simultaneous crypto and fiat storage.


Source of shared Link

Sort:  

look at them trying to create a wallet for users to seamlessly transfer between coins and cash. but will it be neccessary if stablecoins catch on?

I expect the banks and other financial institutions to fully embrace this technology in an effort to control it.  For a while, people will use those systems until the idea of decentralization takes over. Then it will be move away from the central institutions to the DAOs.

Mastercard seems more receptive than visa?