Source: https://www.coindesk.com/mastercard-eyes-cryptocurrency-refunds-new-patent-application/
Mastercard Eyes Cryptocurrency Refunds in New Patent Application
A new patent application from Mastercard suggests that the global credit card issuer is exploring ways to build refund services for cryptocurrency users.
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I personally feel Crypto + Patents are a bad idea as it may attempt to limit the innovative potential of cryptocurrency.
The upside is, increased interest from big entities in cryptocurrency.
Wow, this is pretty big news.
While I totally agree that patents tend to stifle innovation, I could see the ability for merchants to offer refunds to customers via a MasterCard smart contract could go a long way towards building more wide-scale adoption of the Ethereum platform.
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An issue arises if other people try to offer this 'feature' which should be open, they could be locked out due to the patent enforcement.
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