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Mastercard Latest Crypto Patent: Anonymous Third Party Transactions

• https://news.bitcoin.com by C. Edward Kelso

The latest turn involves anonymous distributed ledger transactions via a third party processor.

Mastercard Granted Still More Crypto Patents

In its latest crypto patent filings, Mastercard stresses "a need for a technical solution whereby an entity may participate in a transaction where transaction details may be posted publicly to ensure accountability and trust in the data, while still providing anonymity and inability of others to track individual transactions or volume information by transaction party identifying information of both parties of a transaction to satisfy the confidentiality needs of each entity involved in the transaction."

The more than half-a-century old legacy payments institution based in the United States is a world leader. Tens of thousands of employees. Nearly $13 billion in yearly revenue. It is a staple of Standard & Poor's component indices. Its principal global business is as an intermediary, trusted third party, between merchant banks, and their derivations, along with credit, prepaid, and debit cards.

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