Ebay Prepares To Accept Bitcoin With Patent
Ebay patents a method of processing digital currencies for goods or dollars. Ebay, the internet's largest auction house and marketplace, filed a patent in 2011 which was accepted and has now become of interest as it mentions Bitcoin, titled "System And Method For Managing Transactions In A Digital Marketplace," that enables them to process transactions involving digital currencies, such as Bitcoin. The patent application includes the following description of a process that would reference an exchange rate in order to exchange currencies: ...determining whether the transaction request is a....
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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 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....
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 assigned to eBay Inc. of San Jose, California. The innocuous sounding application "Gift Token" was probably written in such a way as to shield trade secrets from competitive intelligence gathering. It is common for companies to obfuscate....
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.....
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....