PayPal has filed a patent for a system that enables the offline transfer and trading of non-fungible tokens within its network.
- Digital payments provider PayPal is wading deeper into the blockchain waters as a recently published patent filing shows the company has created a system that enables the transfer and trading of non-fungible tokens within its network.
“Responsive to determining that the specified source address corresponds to a second user of the service provider associated with a second identifier and a second digital wallet, an identifier associated with the NFT is updated from the second identifier associated with the second user to the first identifier associated with the first user,” they added.
This is just the latest crypto-related development for PayPal, which has ramped up its activity in the sector in the second half of 2023.
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