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 WTF: JPMorgan files patent for Bitcoin-style payment system

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WTF: JPMorgan files patent for Bitcoin-style payment system Vide
PostSubject: WTF: JPMorgan files patent for Bitcoin-style payment system   WTF: JPMorgan files patent for Bitcoin-style payment system Icon_minitimeTue Dec 10, 2013 10:17 pm
JPMorgan Chase has filed a US patent application for a computerised payment system that resembles some aspects of Bitcoin, the controversial virtual currency.

Like Bitcoin, JPMorgan’s proposed system would allow people to make anonymous, electronic payments over the internet, without having to reveal their name or account numbers or pay a fee, according to the patent application.

The application put a spotlight on the behind-the-scenes battle being waged between the biggest banks, credit card operators and companies such as Google, Apple and PayPal – are all keen to grab a slice of the rapidly expanding business of providing mobile and internet payments as more people shift to online buying.

http://www.ft.com/cms/s/e230307a-61c4-11e3-aa02-00144feabdc0,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2Fe230307a-61c4-11e3-aa02-00144feabdc0.html%3Fsiteedition%3Duk&siteedition=uk&_i_referer=http%3A%2F%2Fwww.ft.com%2Fhome%2Fuk
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