Magic Number is always scanning the latest changes in intellectual property for your team.
Blockrize just received its first patent application publication for a cryptocurrency loyalty program.
How does it work? Much like typical credit cards, cardholders would receive cryptocurrency for completing transactions with Blockrize's specialized payment card. However, the main difference between traditional cards and Blockrize's card is that Blockrize does not require the card-issuing financial institution to directly issue the cryptocurrency.
Blockrize's card will initially support cryptocurrencies including Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. The launch is currently scheduled for 2020.
Since the 2009 Bitcoin whitepaper, crypto currencies have risen in value, enabled decentralized global trade, but also endured market value fluctuation, theft, and use as tender for illegal transactions. Blockchain-based technology grows in interest to large and small corporations and investors, many of which are staking their claims within this emerging intellectual property sector by filing patent applications with the USPTO. The Cryptocurrency 2018 Report includes expert analyst opinion and insights, the full underlying dataset or all granted and published patents, plus access to the patent radar visualization.