Invention Grant
- Patent Title: Method and system for enabling traceable privacy-maintaining multi-hop offline transactions in digital currencies
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Application No.: US17550596Application Date: 2021-12-14
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Publication No.: US11900367B2Publication Date: 2024-02-13
- Inventor: Stephen Higgins
- Applicant: MASTERCARD INTERNATIONAL INCORPORATED
- Applicant Address: US NY Purchase
- Assignee: MASTERCARD INTERNATIONAL INCORPORATED
- Current Assignee: MASTERCARD INTERNATIONAL INCORPORATED
- Current Assignee Address: US NY Purchase
- Agency: Panitch Schwarze Belisario & Nadel LLP
- Main IPC: G06Q20/00
- IPC: G06Q20/00 ; G06Q20/38 ; G06Q20/40

Abstract:
A method for processing offline cryptocurrency transfers includes: receiving, by a receiver of a computing device, a first transfer message, wherein the first transfer message is cryptographically signed using a first private key of a first key pair; validating, by a processor of the computing device, the cryptographic signature of the first transfer message using a first public key of the first key pair; storing, in a memory of the computing device, the validated first transfer message; receiving, by an input device of the computing device, a transfer instruction, the transfer instruction including at least a communication address; and electronically transmitting, by a transmitter of the computing device, the validated first transfer message to an external device based on at least the communication address.
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Information query