Contingent Payments for Virtual Currencies

US 12,406,235 and US 11,669,812, assigned to Serge M Krasnyansky, cover a customizable virtual/digital payment system that utilizes conditional and contingency based transfer mechanisms for virtual currency transactions in conjunction with wallet authorization, multi-signature control, and chargeback release logic to manage payment finality, and are available for sale through IPApproach.

US Patents

2 granted

Assignee

Serge M Krasnyansky

Availability

For Sale

Patents Included

• US 12,406,235↗
• US 11,669,812↗

Technology Highlights

• The invention relates to a digital payment system that lets money or digital value stay locked until a preset condition is met, so the payment is not released too early. This makes the transaction safer for both sides because the transfer happens only when the agreed requirement is satisfied.
• The invention relates to a digital payment system that can be used like an escrow style arrangement, where the funds are held first and released later based on the contract terms. This helps reduce payment disputes in deals where delivery, verification, or another event must happen before final settlement.
• The invention includes a configuration record that stores the payment rules, timing, and verification details, which makes the system flexible for different transaction types. Further, the system can be adjusted to match different kinds of conditional payments.
• The invention provides stronger security by using multi-signature or threshold based wallet control. That means more than one key may be needed before the value can move, which lowers the chance of unauthorized spending.
• The invention discloses a controlled release mechanism for secret keys, so the digital value is unlocked only when the condition is actually completed. This gives the transaction a built-in safeguard instead of relying only on trust between parties.
• The invention relates to a virtual payment system that can trigger a chargeback or reversal if the condition is not completed within the required time. This protects the payer from losing funds when the deal does not go through as planned.
• The invention includes tracking of wallets, balances, and expiry dates, which helps the system monitor many conditional transactions at once. That makes the platform easier to manage and helps avoid missed deadlines or inconsistent records.
• The invention provides support for chained or nested contingent contracts, so one conditional payment can be linked to another. This is useful for more complex business arrangements where multiple steps or approvals are involved.
• The invention discloses compatibility with both virtual currency and fiat-style payments, so it is not limited only to cryptocurrency use. This broadens its practical use in digital payments, banking, and settlement workflows.
• The invention relates to a digital payment system that can connect decentralized cryptocurrency features with regulated banking and finance networks. This gives it wider commercial usefulness across the global fintech market.

Overview

The technology disclosed provides the following advantages:

Listing updated August 21, 2026

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