US Patent Issued to Block on March 24 for "Cryptocurrency management systems and methods with wireless activation" (California Inventor)

ALEXANDRIA, Va., March 24 -- United States Patent no. 12,586,070, issued on March 24, was assigned to Block Inc. (Oakland, Calif.).

"Cryptocurrency management systems and methods with wireless activation" was invented by Matthew H. Maibach (Berkeley, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A cryptocurrency management device (CMD) may be used to perform various cryptocurrency management functions, such as storage of cryptocurrency, user authentication, and initiation or processing of a transaction for transferring cryptocurrency. To conserve the power resources of the CMD, components of the CMD may be transitioned to a sleep state for extended periods of time. Such components may be automaticall...