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RE: 🗣 Daily Discussion 🗣 - Topic: Mastercard Eyes Cryptocurrency Refunds in New Patent Application

in #cryptocurrency8 years ago

Wow, this is pretty big news.

While I totally agree that patents tend to stifle innovation, I could see the ability for merchants to offer refunds to customers via a MasterCard smart contract could go a long way towards building more wide-scale adoption of the Ethereum platform.

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An issue arises if other people try to offer this 'feature' which should be open, they could be locked out due to the patent enforcement.