PayPal Filed a Patent to Speed Up Crypto Payments, Bitcoin Dev Argues It Already Exists

PayPal has filed a patent to speed up cryptocurrency transaction times by eliminating the verification time of payments. Bitcoin expert argues that this is already made possible through existing technologies in the cryptocurrency industry. On March 5, 2018, Cointelegraph reported that PayPal filed a patent with the US Patent and Trademark Office (USPTO) for a technology that is supposed to speed up cryptocurrency payments through the utilization of secondary wallets.

Essentially, PayPal seeks to optimize the process of settling cryptocurrency payments between merchants and buyers, on retail or e-commerce platforms. The secondary wallets of users, as described in the official patent, would allow the unique private keys of buyers and sellers to be transferred behind the scenes, to prevent every transaction from being included in blocks and broadcasted to the public Blockchain.

https://cointelegraph.com/news

sound good,sure it had huge potential in future, but do all these have bounty program? 😁I'm very interesting

Wow, this sounds like fantastic news! With a dedicated partnership between coinbase and PayPal, there is sure to be more trust centered around Bitcoin. The more people that begin to adopt it, the higher the market value will grow.

e-commerce services always find good innovation, I think that big e-commerce boss better understands the condition of crypto growth in the future.

paypal helps many people, I think that the prospects of paypal in the future will be better with the crypto world.

The news came from cointelegraph only? Maybe I will believe it if it will come from PayPal itself. I don't fully believe the news if it only came from cointelegraph and no confirmation from the subject itself. But this news is better than FUD. I hope that PayPal will release their statement about it.

This is great news for the cryptocurrency. It helps to increase adoption of cryptocurrency in the e-commerce market and transaction of cryptocurrency or bitcoin.

why did paypal users fell from 173 million to 143 million   

What a good step for cryptocurrency market,  Pay Pal is one of the most huge payment tool in the world.  I hope this will affect market positive.

There is nothing left to comment on this now. Op should lock this thread now.