Sony considers Bitcoin integration since 2019 when filing for the United States patent on an E-Sports betting platform

According to the Patentscope database that indexes documents by the World Intellectual Property Organization (WIPO), Japanese digital conglomerate Sony has been considering Bitcoin integration since 2019.

Bitcoin surprisingly mentioned in Sony patent filing

Just got another use case for Bitcoin as Sony introduces a crypto-friendly betting engine. According to a description from Patentscope, Sony Interactive Entertainment Inc. is filing for a US patent on the e-sports betting platform.

This tool will allow users of computers and game consoles (Sony PlayStation, Microsoft, Nintendo, etc.) to bet on simulated events. For instance, e-sports enthusiasts will be able to bet on the winner of the game, the next player to virtually “die,” etc.

The system should support a wide range of payment methods:

“Wagers may be pecuniary, e.g., money or bitcoin, or maybe non-pecuniary, e.g., game assets, digital rights, and virtual currency.”

It seems that Sony not only accepts Bitcoin but also many other cryptocurrencies, digital rights, or in-game assets. Therefore, the patent may also cover the red hot segment of non-fungible tokens (NFTs).

Although Sony applied for this patent in November 2019, according to recently revealed details. Sony’s engineer, Michael Chow, is mentioned as the inventor of this concept.

Holding Bitcoin on the balance sheet is not the only way corporations are exploring the opportunities provided by the flagship cryptocurrency. Previously, Microsoft experiments with a Bitcoin-based digital identity solution. This instrument, named ION DID, is based on the Blockchain Bitcoin, Sidetree protocol, and Inter-Planetary File System (IPFS).

Source: AZCoin News

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