Mastercard patent would put credit cards on a public blockchain

posted 5 months ago
Payments giant Mastercard is exploring the use of a public blockchain to securely verify credit card payments at the point of sale.

According to a patent application filed with the U.S. Patent and Trademark Office, Mastercard has come up with a conveyance and retrieval processes to verify users' payment credentials over a "publicly accessible blockchain."

The document goes on to explain how a record of the payment is encrypted/decrypted and stored on the blockchain.
Tags: blockchain, news