Mastercard Asia/Pacific filed 1 patent application this quarter in Monetization (1).
The application describes a blockchain-based system for processing microtransactions using fractional currency payments. This technology addresses payments across Web3 and metaverse Platformss by providing traditional payment interfaces that reduce barriers associated with cryptocurrency transactions.
Mastercard's Monetization patent tackles the complexity of making small payments across Web3 and metaverse environments. The system converts traditional payment methods into blockchain smart contracts while keeping transactions denominated in familiar fiat currencies, sidestepping the volatility and technical knowledge typically required for crypto payments. Users can make fractional payments across different Platformss without needing to understand blockchain interfaces or commit funds to Platforms-specific tokens. This approach creates a bridge between conventional payment rails and decentralized Platformss through interoperability that preserves the user experience of traditional transactions.
All data sourced from USPTO patent filings. Google Patents may take several weeks to index recent publications. If a link is unavailable, search for the patent number at USPTO Patent Public Search.