US Patent Issued to Flowency on Oct. 20 for "Method of executing conventional purchase transactions using cryptocurrency" (Georgia, New York, South Carolina Inventors)

ALEXANDRIA, Va., Oct. 21 -- United States Patent no. 12,770,139, issued on Oct. 20, was assigned to Flowency LLC (New York).

"Method of executing conventional purchase transactions using cryptocurrency" was invented by Peter Millius (New York), David M. Wilkie (Hilton Head, S.C.), Andrew John Phillipson (Smyrna, Ga.) and Christopher Ian Patton (Marietta, Ga.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method of using cryptocurrency to transact fiat currency purchases using conventional POS apparatus includes funding by a user of a cryptocurrency account that requires withdrawal transactions to be signed by both the user and a payment platform. Upon purchase initiation, a platform-issued authorization nu...