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US Patent 12008525 Mobile wallet using math based currency systems and methods

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Contents

Is a
Patent
Patent
0

Patent attributes

Patent Jurisdiction
United States Patent and Trademark Office
United States Patent and Trademark Office
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Patent Number
120085250
Patent Inventor Names
Ashish B. Kurani0
Date of Patent
June 11, 2024
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Patent Application Number
176884380
Date Filed
March 7, 2022
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Patent Citations
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US Patent 9892460 Systems, methods, and program products for operating exchange traded products holding digital math-based assets
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US Patent 11468413 Systems and methods for math-based currency escrow transactions
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US Patent 7103575 Enabling use of smart cards by consumer devices for internet commerce
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US Patent 7483860 Method and system for managing software licenses
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US Patent 8086507 Method for administering finances via an electronic network
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US Patent 8381969 Method and system for using machine-readable codes to perform a transaction
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US Patent 8417629 Systems and methods for remote deposit service
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US Patent 8639625 Systems and methods for secure transaction management and electronic rights protection
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...
Patent Primary Examiner
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Zeshan Qayyum
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CPC Code
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G06Q 20/0658
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G06Q 20/3676
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G06Q 20/3678
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Patent abstract

Embodiments include a method of transferring math-based currency (MBC) funds from a source account associated with a customer computing device to a recipient account associated with a merchant computing system at a merchant physical location comprising a reading device for payment instrument. The method includes receiving a request for an MBC transaction token, generating the MBC transaction token, sending the MBC transaction token to the customer computing device. The method further includes receiving, from the merchant computing system, the MBC transaction token, determining the MBC transaction token is associated with the mobile wallet account, creating a public and private key pair for the MBC transaction. The method further includes signing and broadcasting the MBC transaction to MBC verification nodes, determining the MBC transaction was verified, transmitting an approval message.

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