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Patent Marketplace: Digital Currency Patents and Cryptocurrency Patents for Sale

Digital currency or cryptocurrency – the terms are interchangeable – is in the news every day. To respond to that, IPOfferings has added this section that will feature digital currency (or cryptocurrency) patents for sale. We are in negotiations with several inventors and assignees, and we will very shortly be adding several additional digital currency patents and cryptocurrency patents to this section as soon as they are officially available for sale. To be notified as new digital currency or cryptocurrency patents are added, send an e-mail to patents@IPOfferings.com.

Digital Currency “Bricks” Technology (Samid): U.S. Patent No. 9,471,906

More and more people are trading in cryptocurrencies. Bitcoin, Litecoin, Ethereum, Zcash, Dash, Ripple and Monero are the major players. And most digital currency holders have made money off their cryptocurrency investments. The challenge, however, is what if you want to spend some of the digital currency you are holding? You can trade it for dollars or another currency, but you cannot simply walk into a retail location and buy something with your Bitcoin or other cryptocurrency at a traditional “bricks” retailer. Cash? NO problem. Credit or debit card? NO problem. Personal check? NO problem as long as you have some valid ID. Digital currency? NO can do! The vast majority of “bricks” retailers – from restaurants to grocery stores, jewelry stores to auto dealerships – have NO mechanism for accepting payment in cryptocurrency!

U.S. Patent No. 9,471,906 for “Digital Transactional Procedures and Implements” creates digital currency that you carry around with you like cash or a credit card. The patented invention consists of a series of procedures that cooperates with the companies that mint digital money to permit that currency to be properly, securely and conveniently traded by encapsulating the cryptocurrency in a physical housing that the owner carries around with him or her. This patented technology enables a “bricks” retailer to accept payment for products and services in digital currency. NONE of the credit card processing companies – or “Merchant Services” providers as they are known – currently offer processing of on-site sales transactions made with cryptocurrencies. The acquirer of this patent will be able to create and OWN a new business segment in the Merchant Services industry – the acceptance of digital currencies as payment for products and services – and the company that acquires this patent will have a monopoly through 2033!

Digital Currency “Clicks” Technology (Moneycat): Four U.S. Patents Plus European Patent

It is easy to do business online. You can use a credit or debit card in dollars, have the money deducted directly from your checking account, or use Paypal, Apple Pay or a similar service. But what if you do not want to pay in dollars, but you want to pay in one of the cryptocurrencies such as Bitcoin, Litecoin, Ethereum, Zcash, Dash, Ripple and Monero? The major credit card processing companies – known in the trade as “Merchant Services” providers – can process payments via credit card or debit card, but none of them accept digital currency. What if you are one of the thousands of Americans who invested in cryptocurrency, you made money on your investment, and now you want to make a purchase with your digital currency? You are out of luck!

This portfolio provides patented technology that enables a retail business – specifically an e-commerce or “clicks” merchant – to accept payment for products and services in digital currency. In addition to accepting credit and debit cards, merchants using this patented technology can just as easily and safely also take payment in cryptocurrency. This portfolio will enable the company that acquires it to offer a new generation of Merchant Services for the processing of digital-currency payments. That company will quickly own this new business segment in both the U.S. and Europe, and be the market leader with patent protection through 2032!

Patent No.Title
7,590,602Electronic currency, electronic wallet therefor and electronic payment systems employing them
8,051,011Electronic currency, electronic wallet therefor and electronic payment systems employing them
8,195,578Electronic currency, electronic wallet therefor and electronic payment systems employing them
8,712,918Electronic currency, electronic wallet therefor and electronic payment systems employing them

The portfolio also includes European Patent 1212734 for an “Electronic currency, electronic wallet therefor and electronic payment systems employing them.” The newest U.S. Patent is particularly robust with 23 Claims. This portfolio does have some restrictions and encumbrances which are detailed in the Patent Brokerage Prospectus. This portfolio will enable the company that acquires it to leapfrog the technology of all the current credit-card processors and create and OWN a totally new segment in the Merchant Services sector!

Secure Payments with Biometric Authentication (BPS): Seven U.S. Patents Plus U.S. Patent Application

Processing secure transactions is a greater challenge than ever before, and the use of biometrics to insure a secure transaction is now a common practice. This portfolio covers biometrically securing the use of checks, credit cards, debit cards and smart cards – as well as tokens such as digital currency – to authenticate a transaction. If requested, it can transmit both the details of the transaction and biometric data about the user for double verification. This is not just an extensive portfolio, it is also foundational – the original patent in the portfolio has a 1998 Priority Date and 141 Forward Citations!

The portfolio covers both in-person (“bricks”) and internet-based (“clicks”) transactions. Included are transactions made with mobile devices as well as the use of third parties to facilitate the transactions as intermediaries between retailers and financial institutions. While the older patents have 1998 Priority Dates, the newest patent is enforceable through 2033! That’s 35 years of patent protection!

Patent No.Patent Title
6,728,397Check Verification System
7,231,068Electronic Transaction Verification System
7,349,557Electronic Transaction Verification System
8,485,442Electronic Transaction Verification System with Biometric Authentication
8,678,273Electronic Transaction Verification System
9,141,951Electronic Transaction Verification System with Biometric Authentication
9,846,875Electronic Transaction Verification System with Biometric Authentication

The foreign properties included in the portfolio are detailed in the Prospectus. This portfolio also includes U.S. Patent Application 20180096346. Claim charts are available upon request. Acquirers of this portfolio include payment processing services, merchant services providers, large online e-commerce vendors, amusement parks and other paid-attendee venues, contractors involved in fraud reduction, biometric equipment manufacturers that want to add an extra level of security to all of the transactions they process or authenticate, and participants in the blockchain seeking more secure digital currency transactions.

Peer-to-Peer Location Sharing for a Blockchain (Chainfrog): U.S. Patent No. 9,894,485 and Three Patent Applications

One of the challenges faced in the growing digital currency/cryptocurrency sector is communicating and verifying the location of parties to a transaction securely and reliably. This patent creates technology under which location-aware devices such as mobile phones, IoT devices, and autonomous cars can create a report of their location (Longitude, Latitude and Altitude anywhere on the globe) that is transmitted to a plurality of network-enabled devices over a blockchain. The location reports are linked to asymmetric cryptographic keys, allowing for proof-of-location and trusted identification of the location-aware devices. The patent includes linking cryptocurrency transactions to the location report, providing for payment by location, and adding an extra layer or security to the process.

U.S. Patent No. 9,894,485 for "Peer-to-Peer Geolocation System" would be a critical acquisition for any company in the digital currency blockchain space concerned with the location of devices, and for example, where exactly currency transactions are taking place. In addition to the granted U.S. Patent, there are three U.S. Patent Applications in progress, so this portfolio can be modified and tweaked over time to meet the exact needs of its acquirer.

Bitcoin Kiosk/ATM and Enrollment Center (Enter): U.S. Patent No. 9,135,787

Launched in 2009, Bitcoin has grown to become the most widely accepted digital currency. Just as the landscape is scattered with ATMs that dispense U.S. currency and perform other financial transactions, it was just a matter of time until Bitcoin grew to the point that Bitcoin ATMs would be needed, and this patent covers the technology for such a device. The invention is most comprehensive and includes a bill validator, bill dispenser, printer, scanner and/or reader, touch screen display, processor/controller and wireless internet connection. There is also an enrollment and security protocol that runs executable instructions, sending a receipt of a user's mobile phone, transmits a text message to the mobile phone of the customer, and confirms receipt and confirmation by the user. This Bitcoin ATM can work with a PIN just like a conventional ATM or use a biometric interface to identify users.

U.S. Patent No. 9,135,787 for a “Bitcoin Kiosk/ATM Device and System Integrating Enrollment Protocol and Method of Using the Same” would be a critical acquisition for any business currently manufacturing ATMs, or for any business looking to capitalize on the growth of the Bitcoin Blockchain.

Patent Sale Information Memorandum: Contact patents@IPOfferings.com to receive an analysis of each portfolio that includes:

We offer patents in these technologies: