US Patent Issued to Capital One Services on June 10 for "Electronic funds transfers based on automatic cryptocurrency transactions" (Pennsylvania, Virginia Inventors)

ALEXANDRIA, Va., June 18 -- United States Patent no. 12,327,226, issued on June 10, was assigned to Capital One Services LLC (McLean, Va.).

"Electronic funds transfers based on automatic cryptocurrency transactions" was invented by Joshua Edwards (Philadelphia) and Adam Vukich (Springfield, Va.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A device may obtain digital signature information relating to a quantity of a type of cryptocurrency, and receive transaction data relating to a credit account, associated with a user, after obtaining the digital signature information. The transaction data may include information identifying a transaction amount. The device may determine, after receiving the transaction d...