Mastercard files patent emphasizing Fractional Reserve Banking to Crypto

Mastercard files patent emphasizing Fractional Reserve Banking to Crypto

The Mastercard revealed in a patent application that it seeks to apply principles of fractional reserve banking to cryptocurrencies. The company considered the fiat banking system structured securely to store and protect the customer and merchant information and credentials. The system would benefit the customers acting as a ‘strong defense against fraud and theft.’

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