US Patent Issued to MASTERCARD ASIA/PACIFIC on Nov. 4 for "Method and system of implementing preapproved pull transfers from a crypto wallet" (Singaporean Inventors)

ALEXANDRIA, Va., Nov. 6 -- United States Patent no. 12,462,247, issued on Nov. 4, was assigned to MASTERCARD ASIA/PACIFIC PTE. LTD. (Singapore).

"Method and system of implementing preapproved pull transfers from a crypto wallet" was invented by Karl Cheng (Singapore), Srinath Ravinathan (Singapore), Putu Arie Ganapathi (Singapore) and Phuoc Hoang Long Le (Singapore).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method for automatic initiation of a blockchain transaction with a pre-approved recipient includes: receiving at least a recipient identifier and a transaction amount; performing a validation process to validate that (i) the recipient identifier is pre-approved by a user of the computing device for ...