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row5_seat47 (OP)
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July 01, 2014, 11:41:18 AM
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On June 19th, 2014, the United States Patent and Trademark Office (USPTO) published Mastercard International Incorporated’s patent application 20140172633 (13/829421), “Payment Interchange For Use With Global Shopping Cart.”  The application was filed with USPTO on March 14th, 2013. ...

via http://letstalkbitcoin.com/blog/post/mastercardfilesbitcoinpatent
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July 01, 2014, 01:29:50 PM
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Given the irreversibility of Bitcoin, I am surprised that MC wants to be exposed to them. Interestingly, I don't see them including coinage, though barter is also confusing. They currently honor chargeback claims. Will they stop doing so? If a payment is a combination of credit, barter, and bitcoins, how would they handle a chargeback claim? This is a perplexing financial device they are building.
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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July 02, 2014, 06:04:06 PM
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I'll bet that one of the requirements will be access to you wallet or at least a special wallet set up to ensure refundability of transactions which have gone sour.
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