Visa, Mastercard and the future of cryptocurrencies

Despite previously dismissing cryptocurrencies as a tool for fraud and criminal activity, Mastercard and Visa appear to be warming up to the idea.
In a patent application – application 20180308092– filed Thursday, October 25th, it appears that Mastercard is looking to apply the principles of fractional reserve banking to crypto assets, or as the credit card giant phrased it, “blockchain currencies.”
The move, which seems counterintuitive to many in the crypto space, would