NEW!Top 100 Coins Read More



Visa Patent For Blockchain Digital Fiat Currency

1 Mins read
VISA Crypto

Visa has applied a patent for a system for creating a digital currency on blockchain. According to patent documents, Visa seeks to develop a system that makes it possible to create a digital currency of any fiat currency, including the most important like US dollar, the EURO, yen, etc. Visa patent filing is called Digital Fiat Currency and was entered this week.

Visa Crypto-Blockchain Technology

  1. The patent describes a system for a central entity computer that will receive requests for digital currencies, these requests will include a serial number.
  2. The central entity computer will then create the digital currency according to the serial number that was provided.
  3. The creation process will entail recording the digital currency on a blockchain.
  4. Finally, the central entity computer will then initiate the complete removal of the physical currency from circulation in a fiat money system.

Related posts

Bloomberg says that Bitcoin Price will Reach 20,000$ in 2020

1 Mins read
According to Bloomberg, Bitcoin will approach the record high of about $20,000 this year if it follows 2016’s trend. Bitcoin is mirroring the year 2016 return to its previous peak. That was the last time supply was halved, and the third year after a significant peak. By the end of 2016 the crypto about matched the 2013 peak. Fast forward…

What is Block Explorer in Cryptocurrency?

1 Mins read
Block Explorer is an online tool for exploring the blockchain of a cryptocurrency, where you can watch and follow in real time all the transactions happening on the blockchain. Block explorers can serve as blockchain analysis and provide information such as total network hash rate, coin supply, transaction growth and more data.

What is Initial Coin Offering (ICO) in Cryptocurrencies?

1 Mins read
ICO (Initial Coin Offering), is a crowdfunding model aimed at raising funds for the technical development of the project to create a cryptocurrency. It means that the cryptocurrency that is going to be release is traditionally sold before the actual release. By this way, the project finances its further technical development and promotion. Check out our complete ICO List, Stats,…

Leave a Reply

Your email address will not be published. Required fields are marked *