Cryptocurrency payment network
US10163079B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Jun 18, 2018 |
| Grant date | Dec 25, 2018 |
| Priority date | — |
| Expiry date | Jun 18, 2038 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/4012
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
In one embodiment, a method includes purchasing an amount of cryptocurrency assets from a cryptocurrency source system and storing, in a cryptocurrency wallet maintained by a payment service, private encryption keys representative of the purchased cryptocurrency assets. The method also includes assigning, in a ledger maintained by the payment service, ownership of amounts of cryptocurrency to the payment service and users of the payment service. The method further includes receiving, via an application executing on a device of a user of the payment service and associated with the payment service, a request from the user to acquire or sell an amount of cryptocurrency and, based on the request, processing the transfer of the amount of cryptocurrency by adjusting, in the ledger, the respective amounts of cryptocurrency owned by the user and the payment service, wherein the transfer is processed via the payment service instead of the cryptocurrency source system.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.