US Patent Issued to DIGITAL CURRENCY INSTITUTE, THE PEOPLE'S BANK OF CHINA on Oct. 6 for "Payment tokenization method, apparatus and system based on digital currency sub-wallet" (Chinese Inventors)

ALEXANDRIA, Va., Oct. 6 -- United States Patent no. 12,755,272, issued on Oct. 6, was assigned to DIGITAL CURRENCY INSTITUTE, THE PEOPLE'S BANK OF CHINA (Beijing).

"Payment tokenization method, apparatus and system based on digital currency sub-wallet" was invented by Tianwu Zhao (Beijing), Zhihua Jiang (Beijing) and Kefeng Xu (Beijing).

According to the abstract* released by the U.S. Patent & Trademark Office: "Provided are a payment tokenization method, apparatus and system based on a digital currency sub-wallet. One specific embodiment of the method includes: parsing a payment token acquisition request of a user, so as to obtain a target digital wallet, a target merchant, and a wallet payment password corresponding to the target digita...