US Patent Issued to IGT GLOBAL SOLUTIONS on Feb. 18 for "Secure funding and payout of cryptographic currency from fiat currency purchases" (Florida, Georgia Inventors)

ALEXANDRIA, Va., Feb. 19 -- United States Patent no. 12,229,754, issued on Feb. 18, was assigned to IGT GLOBAL SOLUTIONS Corp. (Providence, R.I.).

"Secure funding and payout of cryptographic currency from fiat currency purchases" was invented by Kenneth Irwin Jr. (Dawsonville, Ga.), Brian Keith Cash (Riverview, Fla.) and Michael Louis Polito (Lakeland, Fla.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods for enabling the secure use of cryptocurrencies (such as but not limited to Bitcoin, Ethereum, or Litecoin) in prize funds or gift cards that accept purchases or wagers in fiat currencies and payout in cryptocurrency. The prize funds can be associated with lotteries, charitable gaming, or ...