Koodbee Virtual Currency System, Automated Wallet, Published Apr 23
Summary
USPTO published patent application US20260111872A1 for Koodbee LLC's categorized virtual currency tracking, purchasing, and redemption system. The application covers an automated wallet interface over a communication network that tracks both bought-coin and earned-coin virtual currency tallies and integrates gaming mechanics for earning additional virtual currency. The system provides a combined tally of both bought and earned virtual currencies through the wallet interface for payment transactions. This patent application covers CPC classifications G06Q 20/36, G06Q 20/065, and G07F 17/3244 related to payment architectures and gaming systems.
“A categorized virtual currency tracking, purchasing, and redemption system, method of use, and method of doing business.”
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GovPing monitors USPTO Patent Applications - Business Methods (G06Q) for new banking & finance regulatory changes. Every update since tracking began is archived, classified, and available as free RSS or email alerts — 33 changes logged to date.
What changed
USPTO published patent application US20260111872A1 for Koodbee LLC's categorized virtual currency tracking, purchasing, and redemption system, filed September 29, 2025 under application number 19343908. The invention covers an automated wallet interface over a communication network that receives payments for bought-coin virtual currency, tracks both bought-coin and earned-coin tallies, provides games for earning additional virtual currency, and debits tallies for game payments. The system integrates a combined tally view of both currency types.
Companies developing virtual currency platforms, digital wallet applications, or gamified payment systems should monitor this application as it may represent prior art for similar functionality. Competitors in the fintech and cryptocurrency sectors should review their own IP portfolios for potential overlap with the claims covering automated wallet interfaces, dual-coin tracking systems, and virtual currency redemption methods described in the application.
Archived snapshot
Apr 25, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Categorized Virtual Currency Tracking, Purchasing, and Redemption Systems, and Method of Use and Doing Business
Application US20260111872A1 Kind: A1 Apr 23, 2026
Assignee
Koodbee, LLC
Inventors
Leonard H. Ellis, Andrew D. Ellis, Mans K. Angantyr
Abstract
A categorized virtual currency tracking, purchasing, and redemption system, method of use, and method of doing business. The method includes providing an automated wallet interface over a communication network, receiving payments from a user for bought-coin virtual currency, providing a tally of the user's bought-coin virtual currency, providing a game in response to a request from the user, providing a tally of any earned-coin virtual currency acquired in the game, debiting at least one of the tallies of bought-coin and earned-coin virtual currency for any payment for the game, and providing through the automated wallet interface a combined tally of the first user's bought-coin and earned-coin virtual currencies.
CPC Classifications
G06Q 20/36 G06Q 20/065 G07F 17/3244
Filing Date
2025-09-29
Application No.
19343908
Parties
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