Jul 19, 2018 at 13:32
Mastercard's New Patent to Allow Crypto Transactions on Credit Cards
One day, it will be possible for all consumers to charge their purchased items on their charge card or credit cards using cryptocurrencies such as bitcoin. Mastercard won a patent on July 17 to bergh a method that would properly manage "fractional reserves of all blockchain currency." At this moment in time, all Mastercard bearers can only pay for items using official currency the government has announced as legal tender, said the Mastercard's Senior Vice President for communications, Seth Eisen.
Jul 19, 2018 at 13:00
Crypto Not A Major Threat, Says Financial Stability Board
Cryptocurrencies such as bitcoin, ethereum, litecoin, don't at present set an economic menace to world stability but need "watchful monitoring" as the whole market is quickly changing, according to an international forum on financial regulation. The Financial Stability Board (FSB), based in Basel, Switzerland, said that the extremely fickle currencies bring up much interest about investor and consumer protection and that the data on financial institutions' exposure to crypto remains rare.