Friday, December 13, 2013

JPMorgan files patent for 'bitcoin killer' currency

http://www.telegraph.co.uk/technology/news/10510933/JPMorgan-files-patent-for-bitcoin-killer-currency.html

As with bitcoin, the application suggests that users could make payments to online merchants with the new currency and also transfer money with other users.

It also promises to lower the cost of doing business online for the merchant, slashing the fees that are currently charged by banks to process credit card transactions.

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