US Patent Issued to MasterCard International on May 12 for "Method and system for conversion of digital assets to fiat currency" (Irish Inventors)

ALEXANDRIA, Va., May 12 -- United States Patent no. 12,626,246, issued on May 12, was assigned to MasterCard International Inc. (Purchase, N.Y.).

"Method and system for conversion of digital assets to fiat currency" was invented by Thomas Treitlinger (Dublin), Jose Pereira (Dublin), Eduardo Andrade (Dublin), Sebastien Le Callonnec (Greystones, Ireland) and Lauren Grendon (Dublin).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method for conversion of digital assets to fiat currency using a secondary blockchain and mirrored accounting includes: receiving transaction data corresponding to a first blockchain transaction processed using a first blockchain, the transaction data including a payer identifier, reci...