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Tag Archives: MasterCard

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

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 anonymizing transactions ...

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Bitcoin on Track to Transfer More Value Than Mastercard Daily

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 daily basis, Mastercard ...

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STACK™ partners with MasterCard to launch the first digital money account with mobile tap-to-pay functionality

Canada’s newest FinTech STACK, challenges traditional banking industry with free access to smart financial services Business September 14th, 2017 – Business Insider have published a story regarding new fintech startup STACK. STACK delivers a smarter way to spend, save and share money fee-free and straight from mobile devices, replacing wallets with real-time notifications, effortless savings, tap-to-pay funtionality and relevant rewards. ...

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MasterCard Indian Government of Protectionism in Favor of Native RuPay

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 dominant payment modes ...

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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 Currencies The patent, filed on 29 June 2018, refers to “the use of centralized accounts to manage fractional reserves of fiat and blockchain ...

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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 of simultaneous ...

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Mastercard Wants to Patent a Fractional Reserve Cryptocurrency Bank

Mastercard has gone all the way through the stages of the resistance proverb — “first they ignore you, then they laugh at you, then they fight you, then you win.” Cryptocurrencies & Mastercard: A Turbulent History Like most financial companies, Mastercard never expected the blockchain, and by the time they took note of it, they were unprepared for the changes it ...

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Indian Internet ‘Blockchain Committee’ Attracts Reps From Zebpay, MasterCard, Microsoft

The Internet and Mobile Association of India (IAMAI) is forming a dedicated focus group for blockchain exploration made up of both big business and cryptocurrency players, Indian daily newspaper Economic Times reported Monday, Oct. 15. Confirmed in a tweet Tuesday, the IAMAI, whose remit is to “expand and enhance” the online and mobile sector, will use its “Blockchain Committee” to ...

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MasterCard, VISA to Classify Crypto, ICOs as ‘High Risk,’ Increase Monitoring, Sources Say

Payment giants MasterCard and VISA will soon group cryptocurrency and Initial Coin Offering (ICO) jurisdictions in a new “high risk” category, financial trading news site Finance Magnates reported Friday, October 14. According to the Broker Complaint Registry, some details of the shortly upcoming classification by MasterCard had already become public in May of this year. The registry notes that binary ...

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