2018-7-18 20:13 |
Consumers might one day be able to charge their purchases on their credit cards using bitcoin as a currency.
On Tuesday, Mastercard won a patent to protect a method that would manage “fractional reserves of blockchain currency.”
But there are disadvantages to using digital currency, the document noted, and there’s a need to improve the storage and processing capability of such transactions.
For example, digital coin transactions still take longer: about 10 minutes for blockchain transactions versus nanoseconds for traditional payments.
The bitcoin bull pointed out that other countries, such as Japan, have “taken a much more positive view on digital money, or blockchain based money, being real transactions.”
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