Good news! Mastercard wins patent to speed up cryptocurrency transactions

Mastercard has secured the patent for managing "fractional reserves of blockchain currency." This could lead to the formulation of faster transaction process for payments through digital currencies possibly through a credit card.

In the patented document of the US Patent and Trademark Office, Mastercard stated that the pattern for using cryptocurrency was increasing by consumers. This increase is the result of consumers who “value anonymity and security." The document also outlined the limitations of using digital currency.