MUMBAI, India, May 30 -- Intellectual Property India has published a patent application (202147025206 A) filed by Visa International Service Association, San Francisco, on June 7, 2021, for 'digital fiat currency.'
Inventor(s) include Hurry, Simon J.; and Pierre, Alexandre.
The application for the patent was published on May 30, under issue no. 22/2025.
According to the abstract released by the Intellectual Property India: "Techniques are disclosed which include receiving, by a central entity computer, a request for digital currency. The request includes a serial number and a denomination of a physical currency. The central entity computer generates the digital currency for the denomination and linked to the serial number. The generating...