- Patent Title: Systems and method for expediting math-based currency transactions
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Application No.: US17145080Application Date: 2021-01-08
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Publication No.: US11783322B1Publication Date: 2023-10-10
- Inventor: Ashish Kurani , Wayne Barakat , Martin Barrs , Dominik Vltavsky
- Applicant: Wells Fargo Bank, N.A.
- Applicant Address: US CA San Francisco
- Assignee: Wells Fargo Bank, N.A.
- Current Assignee: Wells Fargo Bank, N.A.
- Current Assignee Address: US CA San Francisco
- Agency: Foley & Lardner LLP
- Main IPC: G06Q20/36
- IPC: G06Q20/36 ; G06Q20/40 ; G06Q20/20 ; G06Q20/06 ; G06Q40/04 ; G06F16/23 ; G06Q20/38

Abstract:
Systems and methods for expediting math-based currency (“MBC”) transactions are described. A financial institution facilitates the expedited MBC transactions. The expedited MBC transactions are achieved by guaranteeing merchants that a pending MBC transaction between the merchant and a customer will be verified by the MBC verification nodes. A provided guarantee can be collected on by the merchant in the event that a guaranteed MBC transaction is not verified by the MBC verification nodes.
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