TechLair

  • Home
  • contact
  • About
  • Privacy Policy

MasterCard wants to make electronic payments anonymous… with blockchain

Friday, December 7, 2018 by Piyush Suthar | Comments

Home News Tech MasterCard wants to make electronic payments anonymous… with blockchain

Just as the US Department of Homeland Security announced plans to develop forensic techniques to deanonymize cryptocurrency transactions, MasterCard has thrown a spanner in the works with plans for the exact opposite. According to a recent patent application, the payment infrastructure provider wants to anonymize “electronic transactions via blockchain.” The patent explains how the system would obscure the origin and amount of funds involved in a given transaction. MasterCard‘s idea sounds an awful lot like a mixer or tumbler – a system often used by cybercriminals to launder dirty cryptocurrency. Effectively, it works by providing a primary address for a…

This story continues at The Next Web

Authored by Piyush Suthar
Pro Blogger


Follow me on Twitter, Facebook, Google+, YouTube.

Load comments
  • Newer Post
  • Home
  • Older Post
  • techlair
    Over 1,500+ Readers

    Get fresh content from TechLair

    brand222 facebook brand2 envelope-o

    BEST OF TechLair

    Apple Lifts Restrictions on Purchase of iPhones, iPads, MacBooks Outside China
    Facebook pulls post by Anne Frank Center after seeing only nudity in a photo of the Holocaust
    Ericsson, Jio jointly display 5G enabled connected car and VR driving at IMC 2018
    IMC 2018: A focus on the applications and use-cases of 5G in the future


    Copyright © 2019 TechLair. All rights reserved.
    Privacy Policy • DMCA • Contact