TBOL INC. (20250124446). SECURE MULTI-FACTOR TOKENIZATION-BASED SUB-CRYPTOCURRENCY PAYMENT PLATFORM
SECURE MULTI-FACTOR TOKENIZATION-BASED SUB-CRYPTOCURRENCY PAYMENT PLATFORM
Organization Name
Inventor(s)
Shaunt M. Sarkissian of Phoenix AZ US
William Dennings of Phoenix AZ US
Michael Valasanyan of Yerevan AM
Luis Miguel Prata Ramos of Braga PT
SECURE MULTI-FACTOR TOKENIZATION-BASED SUB-CRYPTOCURRENCY PAYMENT PLATFORM
This abstract first appeared for US patent application 20250124446 titled 'SECURE MULTI-FACTOR TOKENIZATION-BASED SUB-CRYPTOCURRENCY PAYMENT PLATFORM
Original Abstract Submitted
example methods, apparatuses, and systems are presented that allows a consumer to conduct a purchase backed by a volatile currency that is not recognized by a merchant as a valid form of payment, such as a cryptocurrency. a third-party payment system is configured to issue a secure, reliable token to replace a reserved amount of volatile currency that represents a reliable amount of currency that is recognized by the merchant as a valid form of payment. the third-party payment platform may issue the reliable amount of currency in the reliable token based on one or more risk factors associated with the volatile currency. after purchase, the third-party payment platform may perform a consumer settlement process at a later time, including performing a cryptocurrency blockchain verification process that typically takes at least several minutes and would be impractical to perform at the point of sale.