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Mastercard Wins Patent for Speeding Up Crypto Payments Payments giant Mastercard may be looking to speed up cryptocurrency transactions by designing a payments system that will link accounts holding both fiat currency and cryptocurrencies, according to a newly-published patent. The document, published today by the U.S. Patent and Trademark Office (USPTO), explains that though cryptocurrencies have "seen increased usage over traditional fiat currencies by consumers who value anonymity and security," the wide disparity in payment processing times between the two classes of assets puts cryptocurrencies at a "disadvantage." "There is a need to improve on the storage and processing of transactions that utilize blockchain currencies," the patent claims.
US Congress backs #altcoins calling them 'The future of Money' - another case of the #crypto sector receiving formal validity from a national governing body. Exciting times ahead within #blockchain#cryptonews