Ebay Files For Two Cryptocurrency Patents

Yessi Bello Perez
Oct 26, 2015 at 16:28 UTC
Updated Oct 27, 2015 at 23:40 UTC
news

Multinational e-commerce giant eBay has filed two cryptocurrency-related patent applications.

Published by the US Patent and Trademark Office (USPTO) last week, the applications were both submitted on 18th April last year.

According to the filings, eBay wants to patent a “distributed cryptocurrency unauthorised transfer monitoring system” and a “distributed cryptocurrency reputation system“.

Ebay’s filings come after the USPTO published Coinbase‘s applications for nine bitcoin-related products and 21 Inc‘s filing for a digital currency mining circuitry patent.

Speculation about eBay’s possible involvement in crypto has been rife in recent years, with John Donahoe, CEO at the time, hinting at bitcoin integration for PayPal – eBay’s former subsidiary – on various occasions.

CoinDesk reached out to eBay for comment but not reply had been received by press time.

Hat tip: Brian Cohen/CoinTelegraph.

eBay image via 360b / Shutterstock.com

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.