Mastercard is getting into the crypto game. It's patented "a method that would manage 'fractional reserves of blockchain currency Eventually, this patent will allow Mastercard users to buy and pay for goods with bitcoin instead of dollars and other forms of fiat currency.
https://www.cnbc.com/2018/07/17/bitcoin-above-7000.htmlGood Good News coming into the Crypto space.
Better days are yet to come
According to the link:
"While blockchain currencies can often provide such safety and security for the payer's information, such security may be limited for payees, particularly due to the limitations of the blockchain," the document said. For example, digital coin transactions still take longer: about 10 minutes for blockchain transactions versus nanoseconds for traditional payments.
....
However, while the details are still unclear, if the method was brought to market, it could speed up blockchain transactions by allowing cardholders to instantly pay for things on their credit card with a fraction of their digital currency.
Any blockchain expert here have any idea how can they improved confirmations time? (I assuming they are talking about the limitations of blockchain here in terms of the speed on how a block is confirm).
Is this like a LN scenario? Opening both channels to make the transactions much quicker?
