The patent appears to be for a system in which private keys (strings of characters that represent ownership of cryptocurrency and allow crypto to be traded) are traded between buyer and seller in a secure and anonymous manner.
The apparent goal of PayPal’s system is to make transactions on a crypto network more efficient, making it so that transactions can happen ‘off-blockchain’; in other words, so that transactions can take place directly between secondary wallets belonging to a buyer and seller. These secondary wallets will have their own private keys
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