US Patent Issued to Wells Fargo Bank on Dec. 16 for "Systems and methods for physical math based currency (MBC) credit cards" (California Inventor)

ALEXANDRIA, Va., Dec. 16 -- United States Patent no. 12,499,426, issued on Dec. 16, was assigned to Wells Fargo Bank N.A. (San Francisco).

"Systems and methods for physical math based currency (MBC) credit cards" was invented by Ashish B. Kurani (Hillsborough, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Embodiments include a method of performing math based currency ("MBC") exchanges. One method includes receiving an exchange request from a merchant point-of-sale (POS) system and determining a merchant POS system accepts MBC payments. The method further includes exchanging, on a published blockchain, an amount of MBC equal to an amount to an MBC account of the merchant POS system and updating a pool...