Tangem wallet secures US patent for private key transfer tech
With its US patent, crypto wallet Tangem sets a new milestone in boosting self-custody usability by enabling secure private key backups and transfers between devices.
Self-custodial cryptocurrency wallet Tangem has received a United States patent grant for its private key backup technology.
The United States Patent and Trademark Office (USPTO) issued a patent on Jan. 28 for Tangem’s backup tech of private keys, according to official records.
The patent is titled “Systems and methods for transferring secret data via an untrusted intermediary device” and describes a method of interacting with self-custodial wallets that is designed to help users deal with holding private keys or seed phrases.
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Author: Helen Partz
