US Patent Issued to Scientia Potentia Est. on June 3 for "System for verification and management for digitally cash transactions" (South Carolina, Florida Inventors)

ALEXANDRIA, Va., June 4 -- United States Patent no. 12,321,940, issued on June 3, was assigned to Scientia Potentia Est. LLC (Charleston, S.C.).

"System for verification and management for digitally cash transactions" was invented by Jeremy Blackburn (Charleston, S.C.), Justin Southward (Lehigh Acres, Fla.), W. Kurt Taylor (N. Charleston, S.C.), Karl David (Charleston, S.C.), Austi Critchfield (Clearwater, Fla.), Michael Lu (N. Charleston, S.C.) and Tim McVicker (Charleston, S.C.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A computerized system for verifiably pairing financial events including a loan with a digital representation and a check cashing transaction with a digital representation comprising: a ...