The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.

The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.

Patent No.:

US 10140658 B1

PDF
Full Text
Expired
Date of Patent:
Nov. 27, 2018

Filed:

Jun. 09, 2014
Applicant:

Mehran Bagherzadeh, Vancouver, CA;

Inventor:

Mehran Bagherzadeh, Vancouver, CA;

Assignee:

Other;

Attorney:
Primary Examiner:
Int. Cl.
CPC ...
G06Q 40/00 (2012.01); G06Q 40/04 (2012.01); G06Q 20/10 (2012.01); G06Q 40/02 (2012.01);
U.S. Cl.
CPC ...
G06Q 40/04 (2013.01); G06Q 20/102 (2013.01); G06Q 40/02 (2013.01);
Abstract

A computerized method for managing a user account includes receiving a transfer of funds into a user account, and purchasing a commodity or valuable asset to back the funds. The method further includes tracking a value of the commodity or valuable asset, and increasing or decreasing a value of the funds based on the value of the commodity or valuable asset. The user account is accessible via a computer network for making purchases or an additional transfer of the funds to another user account. The commodity may be gold, silver, or platinum bullion. The valuable asset may be a stock or bond.


Find Patent Forward Citations

Bagherzadeh, Mehran. (2018). Commodity backed virtual currency method and system for network transactions (U.S. Patent No. 10140658). U.S. Patent and Trademark Office. https://idiyas.com/patent/badge/10140658

Data source: USPTO (United States Patent and Trademark Office) public patent records. Weekly synchronization. How IDiyas builds this profile

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