Patents by Inventor Michael Louis Polito

Michael Louis Polito has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • SECURE FUNDING AND PAYOUT OF CRYPTOGRAPHIC CURRENCY FROM FIAT CURRENCY PURCHASES
    Publication number: 20230186284
    Abstract: Systems and methods for enabling the secure use of cryptocurrencies (such as but not limited to Bitcoin, Ethereum, or Litecoin) in prize funds or gift cards that accept purchases or wagers in fiat currencies and payout in cryptocurrency. The prize funds can be associated with lotteries, charitable gaming, or casino environments with the inherent volatility of cryptocurrencies optionally mitigated and cryptocurrency payouts enabled for consumers or players without prior digital wallets as well as consumers or players with preexisting digital wallets.
    Type: Application
    Filed: February 3, 2023
    Publication date: June 15, 2023
    Inventors: Kenneth Irwin, JR., Brian Keith Cash, Michael Louis Polito
  • Secure funding and payout of cryptographic currency from fiat currency purchases
    Patent number: 11651355
    Abstract: Systems and methods for enabling the secure use of cryptocurrencies (such as but not limited to Bitcoin, Ethereum, or Litecoin) in prize funds or gift cards that accept purchases or wagers in fiat currencies and payout in cryptocurrency. The prize funds can be associated with lotteries, charitable gaming, or casino environments with the inherent volatility of cryptocurrencies optionally mitigated and cryptocurrency payouts enabled for consumers or players without prior digital wallets as well as consumers or players with preexisting digital wallets.
    Type: Grant
    Filed: May 9, 2022
    Date of Patent: May 16, 2023
    Assignee: IGT Global Solutions Corporation
    Inventors: Kenneth Irwin, Jr., Brian Keith Cash, Michael Louis Polito
  • SECURE FUNDING AND PAYOUT OF CRYPTOGRAPHIC CURRENCY FROM FIAT CURRENCY PURCHASES
    Publication number: 20220374874
    Abstract: Systems and methods for enabling the secure use of cryptocurrencies (such as but not limited to Bitcoin, Ethereum, or Litecoin) in prize funds or gift cards that accept purchases or wagers in fiat currencies and payout in cryptocurrency. The prize funds can be associated with lotteries, charitable gaming, or casino environments with the inherent volatility of cryptocurrencies optionally mitigated and cryptocurrency payouts enabled for consumers or players without prior digital wallets as well as consumers or players with preexisting digital wallets.
    Type: Application
    Filed: May 9, 2022
    Publication date: November 24, 2022
    Inventors: Kenneth Irwin, JR., Brian Keith Cash, Michael Louis Polito