Mastercard has filed patent applications describing systems and methods for authorising and securing blockchain transactions using existing payment networks. “[The] use of traditional payment networks and payment systems technologies in combination with blockchain currencies may provide consumers and merchants the benefits of the decentralized blockchain, while still maintaining security of account information and provide a strong defense against fraud and theft,” the payments company says.
- BIS reports on CBDCs in emerging markets
- Moroccan bank launches biometric payment card
- US digital bank introduces contactless payments rings
- Riksbank completes digital currency payments pilot
- Apple Pay is most popular payments app with Generation Z in US
This article is more than five years old