Published on November 14th, 2017 | by bitcoin0
Mastercard Joins The Instant Payment World With Blockchain Technology
Mastercard has recently filed a patent for instantaneous payments using Blockchain technology.
The patent appeared in the US Patent and Trademark data system dated the 9th of this month.
The patent makes clear that Mastercard intends to use Blockchain technology to create a system where merchants can receive guaranteed instantaneous payment rather than waiting for multiple days before credit card transactions can be verified and then paid by card issuers.
However, the company has also been ardently opposed to Bitcoin, with the CEO even making disparaging remarks against the cryptocurrency.
This most recent announcement only highlights the level of intensely negative feelings toward Bitcoin among institutionalized finance departments, all while embracing the technology it is built on.