Paypal has plans to involve bitcoins in it’s future. The online payment giant has filed the patent, “expedited virtual currency transaction system” in hopes to speed up online transactions.
The online payment system has recognized that virtual currencies such as bitcoin have revolutionized the way users can transfer money online between each other. They also add that because these digital currencies are of a “decentralized nature” they require confirmation. This usually takes up to ten minutes with bitcoin.
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The patent hopes to use private keys to speed up online payment transactions.
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