US Patent Issued to MASTERCARD ASIA/PACIFIC on Feb. 4 for "Method and system for use of an EMV card in a multi-signature wallet for cryptocurrency transactions" (Singaporean Inventors)

ALEXANDRIA, Va., Feb. 5 -- United States Patent no. 12,217,246, issued on Feb. 4, was assigned to MASTERCARD ASIA/PACIFIC PTE. LTD. (Singapore).

"Method and system for use of an EMV card in a multi-signature wallet for cryptocurrency transactions" was invented by Srinath Ravinathan (Singapore), Bensam Joyson (Singapore), Donghao Huang (Singapore) and Teck Yong Tan (Singapore).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method for carrying out a cryptocurrency blockchain transaction through an integrated circuit payment card using a multi-signature blockchain wallet includes: storing, in an integrated circuit of a payment card, a first private key of a first cryptographic key pair and a transaction accoun...