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.:
Date of Patent:
Dec. 25, 2018
Filed:
Jun. 18, 2018
Square, Inc., San Francisco, CA (US);
Christopher Michael Brock, Berkeley, CA (US);
Brian Grassadonia, San Francisco, CA (US);
Michael Moring, San Francisco, CA (US);
Square, Inc., San Francisco, CA (US);
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.