Mastercard has filed a patent for a blockchain based payment solution

Was going through this patent filed by Mastercard for their own blockchain based payment solution. Does not refer to using any of the existing platform/tokens as the currency of choice. Is this not a serious concern for all crypto-currency solutions being doled out specifically for the finance/banking domain?

Link :
Mastercard Patent for Blockchain based Payment solution

Sort:  

I believe at some point when the blockchain money is mature enough for mainstream, the central banksters will, with the assistance of puppet oligarch government appropriate (make it proprietary) the technology and proceed to outlaw its use by the public because blockchain technology applications basically will eliminate the central banking system. What may save blockchain money is the development of a real free and independent Internet. A free/independent (not Corporate owned/controlled/monopoly) is possible imo with the launching of a robust perhaps (satellite orbiting) system that cannot be turned off (as dictatorships can with the current operating Internet)

Congratulations @steemingallofit! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

Award for the number of upvotes

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @steemingallofit! You have received a personal award!

1 Year on Steemit
Click on the badge to view your Board of Honor.

Do not miss the last post from @steemitboard:

SteemFest3 and SteemitBoard - Meet the Steemians Contest

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @steemingallofit! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Do not miss the last post from @steemitboard:

SteemFest Meet The Stemians Contest - The mysterious rule revealed
Vote for @Steemitboard as a witness to get one more award and increased upvotes!