US Patent Issued to PAYPAL on July 29 for "Facilitating cryptocurrency-based transactions with time constraint" (Arizona Inventors)

ALEXANDRIA, Va., July 30 -- United States Patent no. 12,373,823, issued on July 29, was assigned to PAYPAL INC. (San Jose, Calif.).

"Facilitating cryptocurrency-based transactions with time constraint" was invented by Muhammad Saad (Scottsdale, Ariz.), Jakub Burgis (Scottsdale, Ariz.) and Raoul Johnson (Scottsdale, Ariz.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Methods and systems are presented for providing a framework for facilitating time-sensitive cryptocurrency transactions for users. When a request for processing a time-sensitive cryptocurrency transaction using funds from a cryptocurrency wallet is received from a user, a transaction system first verifies whether the cryptocurrency wallet has a ...