US Patent Issued to NATIONAL CURRENCY TECHNOLOGIES on April 22 for "User and intermediary implementation mechanisms for digital currencies" (Virginia Inventors)

ALEXANDRIA, Va., June 6 -- United States Patent no. 12,282,904, issued on April 22, was assigned to NATIONAL CURRENCY TECHNOLOGIES INC. (Ashburn, Va.).

"User and intermediary implementation mechanisms for digital currencies" was invented by Joshua M. Povsner (Ashburn, Va.) and Duncan Parker (Richmond, Va.).

According to the abstract* released by the U.S. Patent & Trademark Office: "An electronic communication device (ECD) includes a memory that stores software instructions; and a processor that executes the software instructions. When executed by the processor, the software instructions cause the ECD to: generate and send formatted inquiries and formatted instructions for virtual notes of a national digital currency to a central system th...