US Patent Issued to Uphold Global Foundation on April 7 for "System and method for converting cryptocurrency to virtual assets whose value is substantiated by a reserve of assets" (California Inventor)

ALEXANDRIA, Va., April 7 -- United States Patent no. 12,596,999, issued on April 7, was assigned to Uphold Global Foundation (Marbella, Panama).

"System and method for converting cryptocurrency to virtual assets whose value is substantiated by a reserve of assets" was invented by Halsey Mclean Minor (Beverly Hills, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A computer-based system converts cryptocurrency into a virtual asset. The system includes a user account database server configured to store data of a plurality of user accounts. The stored data pertains to each user account and indicates an accounting of obligations of the system to the user. The system also includes a cryptocurrency account s...