US Patent Issued to Wells Fargo Bank on Dec. 30 for "Systems and methods for online math based currency (MBC) card-based exchanges" (California Inventor)

ALEXANDRIA, Va., Dec. 31 -- United States Patent no. 12,511,626, issued on Dec. 30, was assigned to Wells Fargo Bank N.A. (San Francisco).

"Systems and methods for online math based currency (MBC) card-based exchanges" was invented by Ashish B. Kurani (Burlingame, 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 customer computer system, a remote exchange request for an amount. The method further includes exchanging, on a published blockchain, an amount of MBC equal to the amount to an MBC account of the online merchant and updating a pooled account database. The me...