NXT-ID Patents Electronic Crypto-Currency Management Technology
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Nxt-ID (NXTD) Files Patent Covering Electronic Crypto-Cyrrency Management Method and System
July 31, 2015 8:06 AM EDTNxt-ID (NASDAQ: NXTD) announces that it has filed provisional patent 62/198989 for
ELECTRONIC CRYPTO-CURRENCY MANAGEMENT METHOD AND SYSTEM
This invention highlights a method to advance crypto-currencies such as Bitcoin into the consumer market of payment technology by introducing a common, uniform way to manage all payments.
The technology manages multiple traditional financial accounts and crypto-currency accounts, like Bitcoin, including initiating transfers, currency exchanges, submitting payments, and receiving payments. Under this method, a local, abbreviated block chain is intelligently synchronized for transactions and balance validation to enable both online purchases as well as brick... More
