Fintech Digest: PayPal increases commission fees, eBay simplifies placement, and Rospatent wants to switch to blockchain

    And Visa, Mastercard, American Express and Discover create a unified service. Last week was both challenging and interesting. Complicated - because many services, even domestic ones, refused to work due to the large volume of IP addresses blocked by Roskomnadzor. Interesting - because new technologies continue to evolve, making our lives easier. True, not always. For example, PayPal, a system that we are all used to, on the contrary, makes life difficult for its users . PayPal has been working for the benefit of users for 20 years, helping to easily transfer electronic money to fiat and vice versa. Moreover, the commissions were quite low, so no one had any problems with this (well, with rare exceptions).

    But now the management of the system has decided to change the payment structure for users. In the USA, for example, it is planned to charge a fee of $ 4.99 for any type of payment, and if the transaction is made through a credit or debit card, an additional 2.9% is added. Plus, a margin of 2.5% is also charged based on the actual exchange rate in the payment system itself. In PayPal Australia, the fee is even higher - about $ 6.

    All this leads to unexpected consequences for users. For example, one of the Reddit users said that he bought some kind of gadget for 60 euros, but when buying PayPal, through which the transaction was conducted, he charged another 17 euros.

    As soon as card systems and various kinds of cryptocurrency services learned about the changes, they decided not to wait, but to begin to actively compete with PayPal. For example, the same Visa and Mastercard card systems, together with American Express and Discover, came together to create a unified service to which the user can attach a plastic card and pay for their online purchases without problems and worries.

    eBay, by the way, decided to make life easier for sellers by adding a barcode scanning function to the application. As a result, you can add anything in minutes. The function is added simultaneously in both Android and iOS.

    All you need to do is scan the barcode of the product that you plan to put up for sale, indicate the status (new, used, non-working, etc.), and place it. Actually, a trifle, but nice.

    Well, Rospatent decided to switch to blockchain, transferring to the new technology the entire system of registration of intellectual property rights. The head of Rospatent Grigory Ivliev said that the smart contract, ensuring the transfer of intellectual property rights, will be needed by the department in the near future, within a few months. Moreover, the new infrastructure will be functional: “Intellectual property is not only bought, it acts as a guarantee, it is evaluated, there are many other options that can be offered. And just the blockchain allows you to organize them faster, more reliable, safer and better. Now we are building such a system on the issue of transferring rights. ”

    According to him, at the moment, the blockchain must be used in the disposal of rights to intellectual property. But now, in order to begin to dispose of their rights, it is required to conclude an agreement by registering the order with exclusive rights in Rospatent. When using the blockchain, you can register a contract in a distributed registry, passing mandatory checks during registration.

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