Invention Grant
- Patent Title: Crypto currency chargeback system
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Application No.: US17188842Application Date: 2021-03-01
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Publication No.: US12033141B2Publication Date: 2024-07-09
- Inventor: Yashovardhana S. Kote
- Applicant: PayPal, Inc.
- Applicant Address: US CA San Jose
- Assignee: PAYPAL, INC.
- Current Assignee: PAYPAL, INC.
- Current Assignee Address: US CA San Jose
- Agency: Haynes and Boone, LLP
- Main IPC: G06Q20/38
- IPC: G06Q20/38 ; G06Q20/06 ; G06Q40/12

Abstract:
Distributed crypto currency chargeback systems and methods include at least one system provider device receiving, through a network from a payer device associated with a payer, a chargeback report associated with a first transaction of a plurality of transactions performed using a distributed crypto currency, where the first transaction involves the payer and a payee. The at least one system provider device publishes the chargeback report in a chargeback ledger. The at least one system provider device receives, through the network from a payee device associated with the payee subsequent to publishing the chargeback ledger including the chargeback report, a chargeback response associated with the first transaction. The at least one system provider device then publishes the chargeback response in the chargeback ledger.
Public/Granted literature
- US20210350360A1 CRYPTO CURRENCY CHARGEBACK SYSTEM Public/Granted day:2021-11-11
Information query