Mastercard may be looking to integrate blockchain into…
Mastercard may be looking to integrate blockchain into its payments infrastructure.
The U.S. Patent and Trademark Office (USPTO) published a new application from the financial giant this week that outlines a solution for a "uniform settlement system" – one that would help ease some of the friction involved with business-to-business payments. Specific issues cited in the application include growing data storage demands and the overall volume of transactions.
Notably, Mastercard suggests in the text that such a system could include a blockchain-based ledger of transactions.
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