Tag Archives: Mastercard

Mastercard Applies For New Patent for Anonymous Blockchain Transactions – A Regulated Bitcoin Tumbler?

Advertisement Mastercard, the company who have gone through the entire process of laughing, fighting, and then embracing Bitcoin (and then attacking it again), have applied for another new patent in the blockchain space. Their last one was in regards to — we’re not making this up — a fractional reserve crypto bank. They describe a novel method of… Read More »

Mastercard Patent Filing Outlines Way to Anonymize Crypto Transactions

Payments giant Mastercard claims to have developed a new way of keeping cryptocurrency transactions private. According to a patent application published Thursday by the U.S. Patent and Trademark Office, the payments giant has proposed a system of conducting transactions over a blockchain which would obfuscate both the point of origin and the amount being transacted. As explained, the system… Read More »

A Site Enabling Anyone to Buy Bitcoin Using 300 Payment Methods Says the Demand is Growing

A company that enables visitors to buy Bitcoin using more than 300 payment methods has reported growth in the number of transactions being completed using US dollars – and says it is determined to dismantle the issues people have in earning and transferring their money freely. Paxful was launched in 2015, and has the goal of making it… Read More »

Big Milestone: Bitcoin on Track to Transfer More Value Than Mastercard Daily

Advertisement Twitter Facebook LinkedIn With a daily transaction volume of over $8 billion, Bitcoin (BTC) is on track to overtake Mastercard, the second largest credit card network in the world, in volume. On October 30, Mastercard released its financial results of the third quarter of 2018. Year-to-date, the credit card company has processed around $4.4 trillion. On a… Read More »

MasterCard Indian Government of Protectionism in Favor of Native RuPay

Advertisement Twitter Facebook LinkedIn Reuters reports that Mastercard has formally complained to the US government that the Indian government is deliberately promoting domestic payment networks over international ones like Mastercard and that the Prime Minister, Narendra Modi, has actively used nationalism in promotion of payment processing network RuPay. According to the report, Mastercard and Visa are not the… Read More »

Mastercard Wins Patent for “Managing Fractional Reserves of Blockchain Currency”

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 CurrenciesThe patent, filed on 29 June 2018, refers to “the use of centralized accounts to manage fractional reserves of fiat and blockchain… Read More »

Visa CEO: Crypto Doesn’t Challenge Our Hegemony in the Short to Medium-Term

CEO of global payment giant Visa Al Kelly stated that cryptocurrency does not pose a challenge to the company’s dominance in the payment sphere in the “short to medium-term,” in an interview on CNBC‘s Mad Money Oct. 25. When asked if “crypto [is] a real challenge to Visa’s hegemony in this business,” Kelly told Mad Money host Jim… Read More »

Visa CEO: We May Move To Adopt Crypto Assets

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 VisaMonths after claiming that the “sun has set” on Bitcoin and crypto assets, former hedge fund manager Jim Cramer,… Read More »

Mastercard Patent Claims Cryptocurrency Can Benefit From Fractional Reserve Banking

U.S. multinational financial services corporation Mastercard wants to apply principles of fractional reserve banking to cryptocurrency, a new patent application published Thursday, Oct. 25 reveals. According to the document, published by the U.S. Patent & Trademark Office (USPTO), the payment processor has plans to allow merchants to interact with what it calls “blockchain currencies” via a new method… Read More »