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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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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited ( ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub ( ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful trading…

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Should Crypto Projects Devote Resources to Community Growth and Marketing?



2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata



Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub ( will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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