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. 27, 2022
Filed:
Aug. 24, 2020
Applicant:
Block, Inc., San Francisco, CA (US);
Inventor:
Jacqueline Reses, San Francisco, CA (US);
Assignee:
Block, Inc., San Francisco, CA (US);
Attorney:
Primary Examiner:
Int. Cl.
CPC ...
G06Q 40/02 (2012.01); G06Q 20/06 (2012.01); G06Q 20/38 (2012.01); H04L 9/06 (2006.01); H04L 9/08 (2006.01); H04L 9/32 (2006.01); H04L 67/133 (2022.01); H04L 9/00 (2022.01);
U.S. Cl.
CPC ...
G06Q 40/025 (2013.01); G06Q 20/065 (2013.01); G06Q 20/38215 (2013.01); H04L 9/0637 (2013.01); H04L 9/0825 (2013.01); H04L 9/3213 (2013.01); H04L 67/133 (2022.05); G06Q 2220/00 (2013.01); H04L 9/50 (2022.05); H04L 2209/56 (2013.01);
Abstract
Provided is a process, including for lending, with a smart contract executable by a decentralized computing platform, money to a borrower. The process includes securing, with the smart contract, the loan by obtaining control of cryptocurrency of the borrower and monitoring, via the smart contract, whether the cryptocurrency satisfies a loan-to-value threshold. In response to the monitoring, an amount of cryptocurrency secured with the loan can be adjusted.