US Patent Issued to Block on April 15 for "Decentralized cryptographic asset exchange with secure interactive element" (New York, Pennsylvania Inventors)

ALEXANDRIA, Va., June 5 -- United States Patent no. 12,277,562, issued on April 15, was assigned to Block Inc. (Oakland, Calif.).

"Decentralized cryptographic asset exchange with secure interactive element" was invented by Rocky Medure (Pittsburgh) and Christopher Walker (New York).

According to the abstract* released by the U.S. Patent & Trademark Office: "A payment service system receives a request from a user's device for an exchange between a first asset (e.g., a fiat currency) and a second asset (e.g., a cryptocurrency) via an agent, and identifies the agent based on context of the request. The system generates an interactive element, provides the interactive element to the user's device, and detects when the agent's device interacts...