Virtual currency secured physical currency transmission system

Number of patents in Portfolio can not be more than 2000

United States of America

PATENT NO 12243039
APP PUB NO 20220051218A1
SERIAL NO

17515331

Stats

ATTORNEY / AGENT: (SPONSORED)

Importance

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Abstract

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Virtual currency ledger secured physical currency transmissions include receiving a physical currency transfer request from a physical currency receiver device of a physical currency receiver, and identifying a physical currency deliverer device of a physical currency deliverer. A physical currency delivery confirmation code is then associated with a recipient identified in the physical currency transfer request, and a virtual currency address controlled by the physical currency deliverer and included in a virtual currency public ledger is identified to the physical currency receiver device. A reimbursement request code is then received from the physical currency deliverer device and verified using the physical currency delivery confirmation code. In response to the verification, a multi-signature transaction that has been previously signed by the physical currency receiver is then signed to cause a virtual currency amount to be transferred via the virtual currency public ledger to the virtual currency address controlled by the physical currency deliverer.

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First Claim

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Patent Owner(s)

  • PAYPAL INC.

International Classification(s)

Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Chatterjee, Avik Scottsdale, US 14 32
Kote, Yashovardhana Samethanahalli Fremont, US 8 109
Narasimhan, Srivathsan San Jose, US 61 845

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