US Patent Issued to Wells Fargo Bank on Sept. 22 for "Systems and methods for identity verification of math-based currency account holders" (California Inventors)

ALEXANDRIA, Va., Sept. 24 -- United States Patent no. 12,743,692, issued on Sept. 22, was assigned to Wells Fargo Bank N.A. (San Francisco).

"Systems and methods for identity verification of math-based currency account holders" was invented by Ashish B. Kurani (Burlingame, Calif.) and Andrew Martinez (San Francisco).

According to the abstract* released by the U.S. Patent & Trademark Office: "Math-based currency ("MBC") transactions are inherently quasi-anonymous. Systems and methods of registering customers with a financial institution for the purposes of opening a MBC account are described. During the registration process, the financial institution gathers and stores certain information relating to the customers having MBC accounts. This...