US Patent Issued to PayPal on June 30 for "Digital asset transfer based on a unique physical token" (New York, Illinois, Arizona, California, Hawaii Inventors)

ALEXANDRIA, Va., July 16 -- United States Patent no. 12,671,742, issued on June 30, was assigned to PayPal Inc. (San Jose, Calif.).

"Digital asset transfer based on a unique physical token" was invented by Mary Harrigan (New York), Max Robert Gabreski (Peoria, Ariz.), Scott Southwood (Kihei, Hawaii), Lindsay Boland (Chicago) and Clifford Harrington (Piedmont, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method for transferring a digital asset from a first user to a second user includes the first user's computing device scanning a token on physical media, such as a QR code on a greeting card, to launch a digital asset transfer interface. In the interface, the first user identifies a digital asset t...