US Patent Issued on June 23 for "Single-use multi-layered ticket and redeeming technique" (Texas Inventors)

ALEXANDRIA, Va., July 15 -- United States Patent no. 12,664,529, issued on June 23.

"Single-use multi-layered ticket and redeeming technique" was invented by William F. Ryann (San Antonio) and Fausto Uribe (San Antonio).

According to the abstract* released by the U.S. Patent & Trademark Office: "A ticket for managing crypto currency. The ticket incorporates a redeeming code in combination with a loading code for activating the redeeming code. At the same time, however, the loading code also prohibits access to the underlying redeeming code, thereby preventing use. Therefore, in order to access the redeeming code and redeem the ticket of cryptocurrency, the loading code is inherently destroyed by removal. Thus, the ticket is no longer prac...