US Patent Issued to Wells Fargo Bank on Sept. 1 for "Systems and method for expediting math-based currency transactions" (California Inventors)

ALEXANDRIA, Va., Sept. 1 -- United States Patent no. 12,725,135, issued on Sept. 1, was assigned to Wells Fargo Bank N.A. (San Francisco).

"Systems and method for expediting math-based currency transactions" was invented by Ashish Kurani (Hillsborough, Calif.), Wayne Barakat (Novato, Calif.), Martin Barrs (San Francisco) and Dominik Vltavsky (San Francisco).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods for expediting math-based currency ("MBC") transactions. One method includes receiving a request for a pending MBC transaction, the request include an MBC address of a first party, an MBC address of a second party, and an amount of MBC to be transferred and determining a balance of MBC asso...