WIPO, the World Intellectual Property Organization, has received a new patent application, owned by the MoneyToken project, as announced on the MoneyToken blog.
The application describes a blockchain-based technology process of decentralized lending, secured by cryptocurrency assets as collateral, that doesn’t require vouching agents and that uses smart contracts and multi-signature wallets within the crediting process.
The post PR: Money Token Applies for Royalty-Free Patent on Crypto-Backed Lending Technology appeared first on Bitcoin News.
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