Mastercard just won a patent for bitcoin
It’s worth the trouble… to the point that Mastercard won a license to allow customers the ability to charge purchases using bitcoin as a currency. Currently, cardholders can only use a currency that the government has declared a legal tender.
But there are problems… including the fact that digital coin transactions take about 10 minutes to process. So currently, there are two options: the merchant trusts that you aren’t ripping them off (not gonna happen) or you stand there awkwardly for 10 minutes. But we all know that cryptocurrency is a work-in-progress, right?
A possible solution… because Mastercard could speed the process up by allowing you to instantly pay for things on a credit card with a fraction of your digital currency. However, just because there is a patent doesn’t mean it will ever happen. Regardless, this is still significant because it validates cryptocurrency even further – and we can believe it’s not just for [insert illegal activity here].