Biometric Technology Firm NXT-ID Seeks Patent For Cryptocurrency System, Completes Funding Round
NXT-ID, Inc., an Oxford, Conn. -basedbiometric technology company focused on the mobile commerce market, has filed for a patent for its electronic cryptocurrency management system. The NASDAQ-listed company also completed a public offering, providing funds to support the launch of its smart wallet. The NXT-ID technology manages multiple traditional financial accounts and cryptocurrency accounts, including initiating transfers, currency exchanges, submitting payments, and receiving payments. An "abbreviated block chain" synchronizes transactions and balance validation to enable both online....
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The US Patent & Trademark Office (USPTO) has published a patent filed by US financial services giant Bank of America that seeks to protect a system for wire transfers using cryptocurrency technology. The patent, filed on 17th March, 2014, and published 17th September, seeks to protect a system by which electronic funds could be sent between customer accounts using the underlying blockchain of a given cryptocurrency as the rails for payment. The system described, for example, would enable customer funds to be converted at a cryptocurrency exchange and then sent to a second cryptocurrency....
Biometric authentication company NXT-ID, Inc. (NASDAQ: NXTD) has announced that it has filed provisional patent 62/198989 for ELECTRONIC CRYPTOCURRENCY MANAGEMENT METHOD AND SYSTEM in a bid to advance cryptocurrency technologies such as Bitcoin into the consumer payments market. The company has an enviable product in Wocket®, a smart wallet designed to protect the identity and replace all the cards in a wallet, with no smart phone or cloud required. Wocket® works most anywhere credit cards are accepted and only works with your biometric stamp of approval or passcode. For more info on the....
VeChain Global Technology has petitioned for a patent with the U.S. federal agency Patent and Trademark Office (USPTO). Filed on April 22nd, 2021, the application seeks to register methods, devices, blockchain nodes, and a system for carbon recording and trading, per the document published by the agency. The patent has been attributed to Jianliang Gu, […]
Bank of America's filing for a patent for a bitcoin wire transfer system last year was published by the U. S. Patent and Trademark Office (USPTO) on September 17, 2015. The patent seeks to protect a cryptocurrency wire transfer system in which funds sent by a customer electronically could be transferred using the blockchain of the underlying cryptocurrency. In particular, the bitcoin wire transfer system would convert the sender's funds at a cryptocurrency exchange then sent to another cryptocurrency exchange to be converted to foreign fiat currency before the funds are received. Bank of....
The international payments processor PayPal has filed a patent application with the United States Patent and Trademark Office (USPTO) for a payment device that will be able to process cryptocurrencies including Bitcoin, Litecoin, and Dogecoin. Multi-funding source support. All in all, the device will support credit cards, PayPal accounts, and cryptocurrency wallets, with Bitcoin, Litecoin, and Dogecoin already confirmed. The patent application for the physical device was made on May 26th. According to Softpedia: “The device is made up of two main modules, a payment module engine and a....