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:
Oct. 21, 2025
Filed:
Mar. 29, 2023
Uipco, Llc, San Antonio, TX (US);
Brian Francisco Shipley, Plano, TX (US);
Brian Tougas, Spring Branch, TX (US);
Gideon Bowie Luck, Wylie, TX (US);
Sean Carl Mitchem, San Antonio, TX (US);
Christopher Russell, The Colony, TX (US);
Andre Rene Buentello, San Antonio, TX (US);
Jose L. Romero, Jr., San Antonio, TX (US);
David Joaquin Harris, San Antonio, TX (US);
United Services Automobile Association (USAA), San Antonio, TX (US);
Abstract
A system and method for transforming physical currency in the form of banknotes into digital currency is disclosed. The system includes a device that can scan and destroy banknotes, and send information about the destroyed banknotes to a digital currency minting system so that a corresponding value of digital currency can be created on a corresponding digital currency network. The device includes at least two optical devices, where one of the optical devices is displaced from a shredding assembly at a particular distance to ensure that a confirmation of destruction image including a serial number on the banknote can be captured at approximately the same time that a sufficient amount of the banknote has been shredded to render the banknote invalid for use as currency.