PayPal patents the technology of fast crypto-currency payments

PayPal is looking for a way to increase the speed of crypto-currency payments, this is shown by the recently released patent registration.

The application for the "accelerated virtual currency transaction system", published on March 1 by the US Patent and Trademark Office, describes in detail the method by which secret keys-numbers and letters lines used to carry out a crypto-currency transaction-will pass from the buyer to the seller "behind the scenes ".

The goal of the concept is to reduce the time it takes for payments to pass between the buyer and the seller, avoiding the process of sending the transaction and waiting for it to be included in the next unit on the network. For this, PayPal offered a way to create secondary purses with their own unique secret keys for buyers and sellers. The system will transfer personal keys corresponding to the exact amount of any crypto-currency transaction.

PayPal and the crypto currency world

Recall that four years ago, PayPal announced partnerships with several payment systems Bitcoin, which allowed sellers to accept crypto currency through the payment center of the company.

Author: Andrey, analyst Freedman Club Crypto News

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