US Patent Issued to Flexa on Nov. 25 for "Universally accepted cryptocurrency settlement layer" (New York Inventors)

ALEXANDRIA, Va., Nov. 25 -- United States Patent no. 12,481,983, issued on Nov. 25, was assigned to Flexa Inc. (New York).

"Universally accepted cryptocurrency settlement layer" 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 payor computing device associated with a first jurisdiction, a payment of a desired amount to a payee computing device associated with a second jurisdiction. The method further includes receiving, by a cryptocurrency acceptance network computing device, a request to process the payment and placing a hold on collateral cryptocurrency. The method...