ALEXANDRIA, Va., Aug. 26 -- United States Patent no. 12,400,195, issued on Aug. 26, was assigned to Visa International Service Association (San Francisco).
"System and method for transaction settlement" was invented by Sachin Cherian Mathew (Singapore), Krishna Nellutla (Singapore), Thai Binh Do Nguyen (Singapore), Venkata Ramaiah Bhemineni (Singapore) and Dong Soon Denis Kang (Seoul, South Korea).
According to the abstract* released by the U.S. Patent & Trademark Office: "Cryptocurrencies may be used within the current Four Party Model to settle transactions between a merchant and a consumer who may use or accept fiat and/or cryptocurrency. An intermediary wallet entity may assume the risk of cryptocurrency transactions. For example, a f...