U.S. Patent 11055702 was awarded on July 06, 2021 and is entitled “Method of automatically providing cryptocurrency cashback using blockchain technology.” The first named inventor is In-Gi Kim of Hwaseong-si, . The abstract contains an overview of the patent disclosure:

In a method of providing cryptocurrency cashback using blockchain technology, in which when cryptocurrency is transferred from the payer’s electronic wallet to the affiliated store’s electronic wallet according to payment via cryptocurrency using blockchain technology, the payment server 200 provides cryptocurrency cashback, an embodiment of the disclosure provides credits proportional to the amount of payment, as cashback, to the payer’s credit electronic wallet, and the affiliated store receiving the amount of payment deducts points proportional to received points from the received points and stores in the affiliated store’s credit electronic wallet. Link to Full Patent

This blockchain patent was originally filed on June 20, 2019  as U.S. Patent Application 16/447952 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 11055702. The primary examiner was Firmin Backer.

This blockchain patent has been cited 0 times by other U.S. patents according to our law firm research, and can be considered an innovative patent in the field of cryptocurrency and blockchain.

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