US Patent Issued to IGT on July 21 for "Establishing a casino line of credit based on cryptocurrency held in a casino controlled custodian account" (Nevada Inventors)

ALEXANDRIA, Va., July 21 -- United States Patent no. 12,688,751, issued on July 21, was assigned to IGT (Las Vegas).

"Establishing a casino line of credit based on cryptocurrency held in a casino controlled custodian account" was invented by Kevin M. Higgins (Reno, Nev.), George Tyrrell (Henderson, Nev.) and Jeffery Shepherd (Reno, Nev.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods that utilize an amount of cryptocurrency transferred to a gaming establishment controlled custodian account associated with an individual user as collateral in establishing a gaming establishment line of credit for that user."

The patent was filed on June 12, 2023, under Application No. 18/208,626.

*For furt...