US Patent Issued to PAYPAL on March 4 for "Expedited virtual currency transaction system" (California Inventors)

ALEXANDRIA, Va., March 5 -- United States Patent no. 12,243,053, issued on March 4, was assigned to PAYPAL INC. (San Jose, Calif.).

"Expedited virtual currency transaction system" was invented by Cheng Tian (San Jose, Calif.) and Sandy Lynn Godsey (San Jose, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Expedited virtual currency transactions are provided by identifying a first user primary wallet associated with a virtual currency and including a first user primary wallet private key. First user secondary wallets are created that each include a respective first user secondary wallet private key, and a respective virtual currency transaction is performed using the first user primary wallet private ke...