CoinLinked is a hybrid social network and cryptocurrency platform that launched in May of 2020 as the first of its kind. The platform streamlines the e-commerce process by allowing users to pay for goods from any vendor in popular cryptocurrencies and by handling the conversion and transfer of fiat payment to retailers on the back end. The platform also introduces a new cryptocurrency, which is rewarded to users who produce and engage with social media content on the site. The goal of the platform is to facilitate cryptocurrency transactions while encouraging users to share information and build relationships.
CoinLinked's first non-provisional patent application was filed in February of 2020. The document teaches a "social commerce network" that allows users to make cryptocurrency payments and post recommendations and information about their transactions to a news feed. The claims also cover executing the transaction in fiat currency for vendors who do not use cryptocurrency. CoinLinked may continue growing its patent portfolio, just like other cryptocurrency platforms such as Coinbase and Paypal. You can view more payment architecture patents on the Magic Number® Cryptocurrency Platform Patent Radian®.
