Systems and methods for expediting math-based currency transactions

Number of patents in Portfolio can not be more than 2000

United States of America

PATENT NO 12265969
APP PUB NO 20240211955A1
SERIAL NO

18601228

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Abstract

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Systems, methods, and computer-readable storage media utilized in math-based currency (MBC) exchange utilizing MBC transaction guarantees. One method includes receiving, from a merchant point of sale (POS) terminal, a payment reimbursement request comprising a guarantee identifier associated with an MBC transfer. The method further includes determining, utilizing the guarantee identifier, transaction information. The method further includes determining, utilizing the transaction information, the guarantee identifier is associated with a failed transaction based on accessing and analyzing a plurality of disputed transactions on an MBC blockchain. The method further includes, in response to identifying the failed transaction, initiating an MBC payment from the financial computing system to an MBC address of a merchant. The method further includes providing, to the merchant POS terminal, a payment confirmation.

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Patent Owner(s)

Patent OwnerAddress
WELLS FARGO BANK N ASAN FRANCISCO CA

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Barakat, Wayne Novato, US 42 136
Barrs, Martin San Francisco, US 8 45
Kurani, Ashish Burlingame, US 6 7
Vltavsky, Dominik Belmont, US 35 251

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