PayPal is eyeing a way to boost the speed of cryptocurrency payments, a newly-released patent filing shows.
An application for an "Expedited Virtual Currency Transaction System" published on March 1 by the U.S. Patent and Trademark Office (USPTO) details a method by which private keys - the strings of numbers and letters used to transact or otherwise control one's cryptocurrency holdings - are swapped from a buyer to a seller behind the scenes.
PayPal is now taking interest in virtual currency world. But they want to bring new technology to reduce crypto transaction time. It is a good concept to look for faster crypto payment method as we have already experienced delayed payment. Faster transaction technology will definitely boost the whole crypto trading system.
PayPal is an online payment system by which you can send or receive payment. It is an American based company that serves whole world. It is almost available all around the world except some countries. To see the popularity of cryptocurrency, PayPal co-founder Peter Thiel has invested huge amounts of his money in Bitcoin.
Read more news here: https://www.coindesk.com/paypal-eyes-instant-crypto-payments-tech/