US Patent Issued to PAYPAL on March 4 for "Virtual currency secured physical currency transmission system" (California, Arizona Inventors)

ALEXANDRIA, Va., March 5 -- United States Patent no. 12,243,039, issued on March 4, was assigned to PAYPAL INC. (San Jose, Calif.).

"Virtual currency secured physical currency transmission system" was invented by Srivathsan Narasimhan (San Jose, Calif.), Yashovardhana Samethanahalli Kote (Fremont, Calif.) and Avik Chatterjee (Scottsdale, Ariz.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Virtual currency ledger secured physical currency transmissions include receiving a physical currency transfer request from a physical currency receiver device of a physical currency receiver, and identifying a physical currency deliverer device of a physical currency deliverer. A physical currency delivery confirmation co...