US Patent Issued to ROYAL BANK OF CANADA on Jan. 27 for "System and method for cryptographic transactions" (Canadian, Singaporean Inventors)

ALEXANDRIA, Va., Jan. 28 -- United States Patent no. 12,536,513, issued on Jan. 27, was assigned to ROYAL BANK OF CANADA (Montreal).

"System and method for cryptographic transactions" was invented by Karim Talal Hamasni (Toronto), Stefan Mueller (Singapore) and Atilla Murat Firat (Toronto).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system and method for handling crypto-asset transactions includes: receiving from a payment processing system an electronic transaction request including: a payment token corresponding to a payment identifier associated with the customer account, and a transaction amount in a fiat currency; determining current price data corresponding to a first crypto-asset and a second cryp...