ALEXANDRIA, Va., Jan. 29 -- United States Patent no. 12,211,017, issued on Jan. 28, was assigned to PAYPAL INC. (San Jose, Calif.).
"Offline cryptocurrency transactions" was invented by Christopher Man-kit Chan (San Jose, Calif.) and Michael Jim Tien Chan (San Jose, Calif.).
According to the abstract* released by the U.S. Patent & Trademark Office: "Methods and systems are presented for providing a framework for facilitating offline cryptocurrency transactions. A first application executed in a first secure enclave of a first device can register itself with a cryptocurrency computer network for initiating offline cryptocurrency transactions and reserve a denomination of cryptocurrency for the offline cryptocurrency transactions based on a...