US 12,231,590 B2
Method and apparatus for using cryptocurrency gift cards
Justin Fortuna, Poland, OH (US); Michael Owens, Canfield, OH (US); and Allen C. Conti, Canfield, OH (US)
Assigned to THE EVEREST PROJECT LLC, Youngstown, OH (US)
Filed by The Everest Project LLC, Youngstown, OH (US)
Filed on May 8, 2023, as Appl. No. 18/313,763.
Claims priority of provisional application 63/376,698, filed on Sep. 22, 2022.
Prior Publication US 2024/0104522 A1, Mar. 28, 2024
Int. Cl. G06Q 40/00 (2023.01); G06F 21/10 (2013.01); G06Q 20/02 (2012.01); G06Q 20/06 (2012.01); G06Q 20/34 (2012.01); G06Q 20/36 (2012.01); G06Q 20/38 (2012.01); G06Q 30/06 (2023.01); H04L 9/00 (2022.01); H04L 9/08 (2006.01); H04L 9/32 (2006.01)
CPC H04L 9/50 (2022.05) [G06F 21/105 (2013.01); G06Q 20/02 (2013.01); G06Q 20/065 (2013.01); G06Q 20/342 (2013.01); G06Q 20/36 (2013.01); G06Q 20/3672 (2013.01); G06Q 20/3674 (2013.01); G06Q 20/3829 (2013.01); G06Q 30/06 (2013.01); H04L 9/0897 (2013.01); H04L 9/3213 (2013.01)] 10 Claims
OG exemplary drawing
 
1. A method of using a cryptocurrency gift card comprising:
purchasing a cryptocurrency gift card with a specified value at a retail point of purchase;
downloading a native application to an associated smart device;
activating the gift card via the native application;
creating at least one non-fungible token (NFT) in response to activating the gift card;
creating a digital wallet;
linking the digital wallet to the gift card;
transferring the at least one NFT to the digital wallet;
generating at least one encrypted wallet key, wherein generating the at least one encrypted wallet key further comprises:
dividing the at least one encrypted wallet key into a first part, a second part, and a third part;
encrypting the first part of the at least one encrypted wallet key with a first cipher; and
encrypting the second part and the third part of the at least one encrypted wallet key with a second cipher;
storing the first part of the at least one encrypted wallet key in a minter database;
transferring the second part of the at least one encrypted wallet key to the digital wallet linked to the gift card; and
storing the third part of the at least one encrypted wallet key in the native application.