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Payment titan Mastercard was awarded a patent for developing a method of linking cryptographic forms of money to fiat currency accounts. ➖ #cryptocurrency #bitcoin #blockchain #crypto #ethereum #ripple #cardano #stellar #stellarlumens #monero #litecoin #btc #xrp #eth #ltc #eos #coinbase #binance #iota #neo #tron #trx #cardano #ada

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(Repost from @sharecrypto) In a patent application released by the U.S. Patent and Trademark Office last week, American Express Travel Related Services describes using a "blockchain-based system" in order to receive "payment confirmation including a transaction amount and a merchant identifier." The concept is aimed at adding to what AmEx calls the "limited" number of options for generating quality evidence that payments happen between merchants and their customers "beyond a receipt or ticket. AmEx's patent highlights the tech's role in retaining "transaction data, contract data, proof-of-payment data, identification data, and/or other information as desired," with the idea being that a blockchain network – possibly a public one – would serve as an extra layer of proof for transactions that take place on AmEx's network. ➖➖➖➖➖➖➖➖➖➖➖➖ 🤔Do you think most major banks will adopt the use of blockchain technology? 🗣Let us know in a few words! ➖➖➖➖➖➖➖➖➖➖➖➖ 😎Follow @sharecrypto ➖➖➖➖➖➖➖➖➖➖➖➖ #segwit #segwit2x #bitcoincash #eth #btc #cryptocurrency #ico #ai #smartcontracts #initialcoinoffering #ethereum #ether #bitcoin #altcoin #litecoin #cryptonaire #sharecrypto #blockchain #coinbase #steemit #monero #bitcoins #cryptocurrencies #cryptocurrencynews #BTCDaily

100% accurate!