eBay Patent Filing for Currency Exchange System Included Bitcoin
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....
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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....
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....
10 new patent publications filed by Bank of America have been published by the U. S. Patent and Trademark Office (USPTO) last week. The bank's patent applications were filed in June, last year. The USPTO has published 10 patent applications filed by Bank of America in relation to cryptocurrencies. The original filing was done in June 2014 and the 10 new applications add to an existing filing for a wire transfer system involving cryptocurrencies by Bank of America, published in September. While the bank's official plans or endeavors with cryptocurrencies are still unknown, the following....
Bank of America (BoA) has filed a patent application titled "System and Method for Wire Transfers Using Cryptocurrency ." The application was filed in March and published on September 17 by the U. S. Patents and Trademarks Office. The BoA filing describes an alternative to traditional wire transfers. The funds are first transferred to a cryptocurrency exchange, then converted to a cryptocurrency such as bitcoin, then sent to another exchange, and finally converted into another currency for the recipient. In other words, BoA wants to patent the concept of using a cryptocurrency as a....
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....