Recently the Mastercard added fingerprint sensors to their payment cards, another novelty to your cards. Apparently the company ends up winning another good news.
A Mastercard received a new patent from the United States Patent and Trademark Office (USPTO), which grants the company rights to a “fractional currency reserve management” method blockchain".
What was Mastercad's justification?
The company justifies the patent by explaining how users have increasingly preferred cryptocurrencies to fiat currencies due to their anonymity. The company believes that some consumers have opted for digital currencies in an effort to prevent fraud.
However, Mastercard argues that cryptocurrencies guarantee very little protection for recipients of funds. While traditional fiduciary payments are processed in a matter of seconds, cryptocurrency transactions can take up to ten minutes.
In addition, the document states that people are cryptocurrencies e blockchain because they are very different from traditional methods of payment. For this reason, the combination of existing systems for fiduciary currencies with digital assets could foster the adoption and at the same time retain the benefits of decentralization.
