Block Inc. Granted Patent for Cryptocurrency Management Systems

ChangeBridge: Patent Grants - Business Methods (G06Q)

Published March 24th, 2026

Detected March 25th, 2026

Summary

The USPTO has granted Block, Inc. a patent for a cryptocurrency management device (CMD) that features wireless activation and power-saving sleep states. The patent, titled 'Cryptocurrency management systems and methods with wireless activation,' was granted on March 24, 2026.

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What changed

The United States Patent and Trademark Office (USPTO) has granted Block, Inc. patent US12586071B2 for a cryptocurrency management device (CMD). This patent covers systems and methods for managing cryptocurrency, including features for wireless activation and power conservation through sleep states. The device can be activated by user touch or proximity of a wireless communication device, with low-power circuitry continuously monitoring for these inputs.

This patent grant is a notification of intellectual property protection for Block, Inc.'s technology. It does not impose new regulatory obligations on other entities. However, companies operating in the cryptocurrency and fintech space, particularly those developing hardware or software for digital asset management, should be aware of this granted patent as it may impact their own product development and intellectual property strategies.

Source document (simplified)

← USPTO Patent Grants

Cryptocurrency management systems and methods with wireless activation

Grant US12586071B2 Kind: B2 Mar 24, 2026

Assignee

Block, Inc.

Inventors

Matthew H. Maibach

Abstract

A cryptocurrency management device (CMD) may be used to perform various cryptocurrency management functions, such as storage of cryptocurrency, user authentication, and initiation or processing of a transaction for transferring cryptocurrency. To conserve the power resources of the CMD, components of the CMD may be transitioned to a sleep state for extended periods of time. Such components may be automatically activated by a user touching the CMD or bringing a wireless communication device within range of the CMD. The circuitry of the CMD that triggers the activation are capable of continuously monitoring for such inputs over extended periods of time without consuming significant amounts of power, thereby conserving the power resources of the CMD.

CPC Classifications

G06Q 20/40145 G06Q 20/3278 G06Q 20/3823 G06Q 20/3829 G06Q 20/0658 G06Q 20/0655 G06K 19/0718 H04B 5/45 H04B 5/79 H04L 9/3255 H04L 9/50 H04L 2209/56 H04L 2209/805 G06F 21/64 G06F 21/32 G06F 21/35