US Patent Issued to Elpis Technologies on Feb. 10 for "Computer system, method, and device for transferring value with offline functionality" (Canadian Inventor)

ALEXANDRIA, Va., Feb. 11 -- United States Patent no. 12,548,005, issued on Feb. 10, was assigned to Elpis Technologies Inc. (Kitchener, Canada).

"Computer system, method, and device for transferring value with offline functionality" was invented by Mark Church (Waterloo, Canada).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system and method for transferring value across user devices is provided. The system includes sending and receiving user devices. The sending and receiving user devices are configured to store value locally on the respective device. The receiving user device is configured to receive a transfer amount sent by the sending user device. The system also includes a transfer server. If the sen...