ALEXANDRIA, Va., June 19 -- United States Patent no. 12,333,507, issued on June 17, was assigned to XiXventures LLC (Huntington Beach, Calif.).
"Peer-to-peer selectable digital money system" was invented by Paul Roger Tavanez (San Antonio) and Richard Lee Grogan (Fountain Valley, Calif.).
According to the abstract* released by the U.S. Patent & Trademark Office: "A peer-to-peer (P2P) digital money system using selectable types of: digital money; digital currency; digital coin; utility token; virtual currency; cryptocurrency; electronic currency, to manage value utilizing: a software process of steps and methods; network teller nodes and teller network validation using: communication networks; encoding of descriptive data fields and proper...