Gift giving during the holidays just took on a whole new meaning. eBay, the parent company of PayPal, filed patent application 20130339188, “Gift Token” with the United States Patent and Trademark Office (USPTO) on June 18, 2012. The USPTO published the application on December 19, 2013. The technology was invented by its engineers from Tamilnadu, India and assigned to eBay Inc. of San Jose, California.
“…Products can be specified for which the token cannot be used to purchase. For example, a limitation upon the use of the token can specify that the token cannot be used for the purchase of alcohol or cigarettes. Rather than not allowing such items altogether, a limit can be placed on the amount of such purchases in a given time period. For example, $20 worth of beer and $10 worth of cigarettes can be purchased in one week…”
http://bitcoinmagazine.com/9218/ebay-files-patent-application-programmable-money/Originally posted Here
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