MasterCard obtains anonymity patent for crypto transactions

According to the registry of the United States Patent and Trademark Office (USPTO) MasterCard has the instrument to maintain the anonymity of transactions in cryptographic assets

The United States Patent and Trademark Office (USPTO) issued a statement through which it reported that the financial services company MasterCard has a patent to ensure the anonymity of transactions in cryptocurrencies.

According to the report, the global payment giant uses blockchain technology in the transaction execution system. It operates by hiding the amount of the transfer as well as the point of origin.

MasterCard applied for the patent on December 6th. It was learned that the company “would use an intermediate address during the transactions that work together with the public key.” The acquired transaction data is stored simultaneously as a private key generates a new transaction and a digital signature.

The main objective is the protection of customer data. To achieve this, MasterCard created a privacy environment similar to that of Monero, Zcash or Zcoin. The new stored data includes the payment amount and the destination address.

In any case, it is important to bear in mind that it is practically impossible to identify the users of a blockchain address, except in the cases of block chains allowed.



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