US Patent Issued to LINE PLUS on July 29 for "Method and system for payment for central bank digital currency" (South Korean Inventors)

ALEXANDRIA, Va., July 30 -- United States Patent no. 12,373,824, issued on July 29, was assigned to LINE PLUS Corp. (Gyeonggi-Do, South Korea).

"Method and system for payment for central bank digital currency" was invented by Hongsup So (Seongnam-si, South Korea), Inseon Ryu (Seongnam-si, South Korea), Hwang Wook Kim (Seongnam-si, South Korea) and Cheol Ung Lee (Seongnam-si, South Korea).

According to the abstract* released by the U.S. Patent & Trademark Office: "Payment methods and systems for processing a payment using a Central Bank Digital Currency (CBDC) without a double payment in an offline situation (e.g., in a situation in which a terminal of a user is unable to be connected) to a server through a network may be provided."

The p...