Mastercard Patents Blockchain-Based Payment Verification

Mastercard has submitted a patent application to the US Patent & Trademark Office (USPTO) for a system that is authenticating cards at the point of sale (POS) using blockchain technology. The company has always been outspoken about numerous flaws of traditional payment services and security platforms stating those are prone to breaches, error, and manipulation. They believe their clients perceive blockchain-based currencies as a confidential and secure alternative.
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