Paypal Files U.S. Patent to Speed Up Crypto Processing times

 While  sceptics fixate on antiquated United States securities laws and the market cap of Bitcoin, tech processing payment giant  Paypal moves to patent  on  an " “Expedited Virtual Currency Transaction System”, involving the use of secondary private keys to shorten wait times for transactions between consumers and merchants.  Paypal's transactional engine, of course, is still built around the traditional credit card and legacy banking systems.

While  sceptics fixate on antiquated United States securities laws and the market cap of Bitcoin, tech processing payment giant Paypal moves to patent on  an " “Expedited Virtual Currency Transaction System”, involving the use of secondary private keys to shorten wait times for transactions between consumers and merchants.

Paypal's transactional engine, of course, is still built around the traditional credit card and legacy banking systems.

 

 

 

Christopher Meatto