Mastercard Secures Two Crypto Transaction Patents to Predict Money Laundering Risk Before Transfers and Protect Transaction Privacy

TechFlow reported on November 06 that, according to Digital Asset, Mastercard has been granted two U.S. patents covering crypto transaction preprocessing and privacy-preserving transaction processing technologies.

The first technology analyzes the historical on-chain records of both transaction parties and simulates how risk changes after a transfer occurs, helping users assess money laundering and terrorist financing-related risks before executing a transaction. The second technology allows transactions to take place within an authorized private group of participants, with a central approval system verifying balances and deciding whether to approve the transfer, protecting transaction information privacy while preventing double spending.

Mastercard previously launched its stablecoin security service Stablecoin Security on October 19, but it has not yet confirmed whether the new patented technologies will be applied to the service.

Source: TechFlow