Everex, a payment service on blockchain, confirmed today that its team has successfully filed for a provisional patent in the US. The patent was filed on April 15, 2019, with the United States Patent and Trademark Office (USPTO).
The patent is for a ‘System, Apparatus, and Business method for payments with stable token settlement.’
Inventors on the patent are Alexi Lane, CEO of Everex and Anna Vladi COO of Everex US. This patent enables Everex to secure a position in the payments space, particularly with new ways of settlements.
Merchants will be able to use the Everex technology solution to provide cheap transaction fees on blockchain and at the same time, it gives Everex transactions a serious performance boost.
The team reported that this is also a critically important milestone with its banking partners that they are in the process of securing.