eBay Files Patent Application for Programmable Money
Gift giving during the holidays just took on a whole new meaning. eBay, the parent company of PayPal, filed patent application20130339188, "Gift Token" with the United States Patent and Trademark Office (USPTO) on June 18, 2012. The USPTO published the application on December 19, 2013. The technology was invented by itsengineers from Tamilnadu, Indiaand....
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Multinational e-commerce giant eBay has filed two cryptocurrency-related patent applications. Published by the US Patent and Trademark Office (USPTO) last week, the applications were both submitted on 18th April last year. According to the filings, eBay wants to patent a "distributed cryptocurrency unauthorised transfer monitoring system" and a "distributed cryptocurrency reputation system". Ebay's filings come after the USPTO published Coinbase's applications for nine bitcoin-related products and 21 Inc's filing for a digital currency mining circuitry patent. Speculation about eBay's....
A patent application by eBay, the parent of PayPal, may signal that the company is making plans for its own virtual currency. The patent, which was applied for in summer 2012, is for something called a "gift token". It appears that eBay may have designs on developing a new way to distribute monetary value within the digital realm. "A gift can be given from a user of a payment provider to a gift recipient," according to US patent application 20130339188, which was published on 19th December 2013. "The recipient can be a member of the user's family, a friend, or any other person or entity.....
A second eBay patent application has surfaced on the US Patent and Trademark Office database - further highlighting the online marketplace's interest in digital currencies and digital currency processing systems. Named 'System and Method for Managing Transactions in a Digital Marketplace', the application follows its "gift token" patent revealed on 19th December last year. Filed in December 2011, six months before its gift token filing, this document names bitcoin specifically. The patent details eBay's plan to create a currency module configured to manage the exchange of digital....
On October 22, 2015 the United State Patent and Trademark Office published eBay patent applications for 20150302400, “Distributed Crypto Currency Reputation System” and 20150302401, “Distributed Crypto Currency Unauthorized Transfer Monitoring System”. The reputation application will be discussed in detail below and while controversial, we will offer just an extract of the blacklist application as it does not appear to be a particularly interesting except for who submitted the application. The applications were filed by eBay, which (at the time) owned PayPal prior to its split. Both....
E-commerce giant Ebay has filed two trademark applications covering a wide range of products and services relating to the metaverse and non-fungible tokens (NFTs). Ebay’s NFT, Metaverse Trademark Applications Ebay Inc. (Nasdaq: EBAY) filed two trademark applications with the United States Patent and Trademark Office (USPTO) last week covering a wide range of products and services relating to non-fungible tokens (NFTs) and the metaverse. A USPTO-licensed trademark attorney, Mike Kondoudis, tweeted Tuesday: “Ebay Inc. is coming to the metaverse.” He explained that the....