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Bitcoin Beware: JPMorgan Seeks Patent For Rival Online Payment System – 12 December 2013

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Bitcoin Beware: JPMorgan Seeks Patent For Rival Online Payment System – 12 December 2013

Post  Purpleskyz on Thu Dec 12, 2013 9:50 am

Bitcoin Beware: JPMorgan Seeks Patent For Rival Online Payment System – 12 December 2013




As public enthusiasm continues to grow over bitcoin, the digital crypto-currency, JPMorgan Chase seeks to patent an online payment system that would allow digital wallets, as well as anonymity – the most attractive feature to internet users.
In an apparent effort to compete with bitcoin, the decentralized online currency that has taken the internet by storm, JPMorgan Chase, the largest American bank by assets, has patented its own online payment system.
According to a patent application filed August 5 with the US Patent and Trademark Office (UPTO), JPMorgan’s patent would give online users the ability to shop without the hassle of filling in a payment form with each purchase.
With what has been dubbed its ‘Internet Pay Anyone Account,’ users will be able to spend “web cash” that has a “real-time digital exchange of value”.
Read the whole article at:  www.rt.com link to original article
Thanks to: http://lucas2012infos.wordpress.com
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Re: Bitcoin Beware: JPMorgan Seeks Patent For Rival Online Payment System – 12 December 2013

Post  livingintheloop69 on Thu Dec 12, 2013 11:57 am

this won't work. the whole idea of bitcoins and the draw of people buying bitcoins is its outside the banks control and government control. nobody would care about bitcoins if they were issued by teh us gov or a bank, the whole point is they are not. you can't print endless amounts, you cant control it or track it. good luck to the banks trying to copy this concept, i sure wont be a part of it

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