US Patent Issued to American Express Travel Related Services on Aug. 25 for "Conversion of cryptocurrency transactions to central bank digital currency for merchant systems" (Australian Inventors)

ALEXANDRIA, Va., Aug. 25 -- United States Patent no. 12,718,231, issued on Aug. 25, was assigned to American Express Travel Related Services Co. Inc. (New York).

"Conversion of cryptocurrency transactions to central bank digital currency for merchant systems" was invented by Lucky Bimolaksono (Hurlstone Park, Australia) and Dean Ernest Arthur Nicolson (Wattle Grove, Australia).

According to the abstract* released by the U.S. Patent & Trademark Office: "Disclosed are various embodiments for converting cryptocurrency to central bank digital currency for transactions. In one example, among others, a system comprises a computing device and machine-readable instructions stored in the memory. The instructions cause the computing device to ident...