Intuit received a patent for processing bitcoin payments via text messages

Verified
3 months ago
0

Fintech-company Intuit received a patent for processing bitcoin-payments through text messages. The document is published on the official website of the US Patent and Trademark Office (USPTO).

The document describes how to transfer funds between users using mobile phones within a virtual account system. For the first time this patent application was filed by the company in 2014.

Intuit also suggested several ways to validate test messages, including the use of voice mail.