ALEXANDRIA, Va., Aug. 20 -- United States Patent no. 12,393,932, issued on Aug. 19, was assigned to Flexa Inc. (New York).
"Distribution of collateral token rewards" was invented by Zachary Kilgore (Brooklyn, N.Y.), Tyler Robert Spalding (New York) and Trevor Filter (New York).
According to the abstract* released by the U.S. Patent & Trademark Office: "A method includes initiating, by a user computing device, a payment with a merchant computing device. The method further includes determining, by a network computing device, an amount of collateral tokens required to back the payment. The method further includes depositing, by the user computing device, the amount of the collateral tokens in a smart contract. The amount of collateral tokens...