US Patent Issued to MASTERCARD ASIA/PACIFIC on Oct. 27 for "Payment processor supported Web 3.0 wallets" (Singaporean, American Inventors)

ALEXANDRIA, Va., Oct. 27 -- United States Patent no. 12,775,940, issued on Oct. 27, was assigned to MASTERCARD ASIA/PACIFIC PTE. LTD. (Singapore).

"Payment processor supported Web 3.0 wallets" was invented by Srinath Ravinathan (Singapore), Donghao Huang (Singapore), Shi Ler Shila Chew (Singapore), Dendy Gunawan (Singapore) and Matthew T. Ordman (St. Louis).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and techniques for payment processor supported Web 3.0 ("web3") wallets are provided. The described systems and techniques allow for the use of non-fungible tokens (NFTs) to represent a payment token for making a payment inside a web3 and metaverse environment. Indeed, the described systems and techniq...