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Mastercard Inc (NYSE:MA) Wins a Crypto-Related Patent




Mastercard Inc (NYSE:MA) has just recently won a new patent, and this one will allow the company to develop its own method of increasing the speed of processing crypto payments.

Mastercard to make crypto transactions faster

The process of making crypto payments, while having many of its own benefits, still takes much more time when compared with payments done with fiat currencies. Fiat payments have evolved over time to become nearly instantaneous, while crypto payments still need up to 10 minutes to be processed and confirmed.

This is an issue that many have tried to tackle in the past, Mastercard included. However, the company needed to win a patent for their solution, which has finally happened, and the document was released on July 17 by USPTO (US Patent and Trademark Office).

The document mentioned the increase in the use of cryptos, especially by those who value privacy, security, and anonymity. However, it also mentions the large difference in processing time when it comes to crypto and fiat currencies. This difference puts cryptos at a serious disadvantage, which is what Mastercard wishes to change.

The patent continues to claim that things like transaction processing and storage need improvement. Because of that, entities like retailers, merchants, service providers, and all the rest that are interested in going crypto, have concerns when it comes to accepting payments via digital currencies.

What is the solution?

Mastercard’s solution to this issue is the creation and offering of a new kind of user account. This account would use fiat currencies systems but would process crypto payments instead. It would link various profiles in order to properly identify the amount of fiat currency, cryptocurrency, as well as address, and an account identifier.

Basically, the transactions made from these accounts would use the payment rails that fiat currencies have already perfected. All the fiat security features would also be included, with the only difference being that the transaction will work with cryptos, instead of fiat currencies. According to Mastercard, this will also allow payment networks to evaluate whether or not there are high risks for the transaction, which might lead to the reduction of fraud attempts. This will be an important new addition to crypto payments since it is not something that blockchain networks were capable of using.

Mastercard’s interest in making crypto payments better, more efficient, and now faster, has been known for a while now. The company has been interested in introducing changes that would protect the crypto users on multiple occasions already. Last year, for example, they made an application for another patent. This one was for the creation of an entire refund service, that would be used for increasing the safety of crypto transactions.

Now, however, crypto payments will be faster, more secure, and will be using already tested systems, which means that the implementation of these systems might not be that far away into the future.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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How Can Foreigners Get Loans in Singapore



loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors




When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

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While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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CoinFlip Scores Big with BRD Wallet Partnership




As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies like Bitcoin and Dash, to help protect their assets and hard-earned…

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