Breaking #AI #Stock News- GBT (OTC: $GTCH) Filed a
Financial #Software Application Patent, Targeted to be Used with its #Database Management
and AI #Technology; #Artificialintelligence
San Diego, CA, April
21, 2021 - (Investorideas.com Newswire ) Breaking AI stock news - GBT Technologies Inc.
(OTC
PINK: GTCH) ("GBT” or the “Company”) filed with U.S. Patent and
Trademark Office (“USPTO”) a provisional patent for systems and methods of a
financial software application to prioritize and consolidate credit cards
charge system. The system will be offered as a web based and mobile application.
The system is targeted to use GBT’s patented database management technology and
empowered by its Artificial Intelligence technology. The software design
contemplates an automatic, characterized, and prioritized consolidation of different
credit cards into one card method, point of sale, smartphone applications and
computer software.
Read
this news, featuring GTCH in full at https://www.investorideas.com/CO/GOPH/news/2021/04211Financial-Software-Application-Patent.asp
When a credit card
user is using his/her account, in most instances the selection of the card is
done arbitrarily or by credit availability. In many cases the credit card user
is not utilizing his/her other cards lower interests and benefits. The patent
protects an automated software tool and method that would combine all of
his/hers credits cards accounts into one credit facilitate account. This one
credit system, automatically prioritize and charges according to the user’s
best interest. Furthermore, it will “consolidate” all the line of credits from
his/her differ credit cards into one “large” line of credit. The one credit
system accumulates the users’ credit cards available credit into one account.
When a transaction is made, the system searches the user’s most beneficial
credit account and charges or allocates the amount to it.
The
system will be managed by GBT’s Artificial Intelligence technology and use its
patented, database sharing method to enable high performance and security. The
system will consider the best financial aspects of all credit card account,
automatically selecting the user’s best interest one. Among these aspects are
lowest interest rates, membership fees, cash advanced, line of credit, benefits
like mileage, gift certificates, and similar. The assigned application number is
63175564 and the filing date is April 16, 2021. The company intends to
file a nonprovisional application during the next few months.
“We
are excited to start another activity of implementing our technology in wide variety
of domains. This one is in the financial arena. This patent aims to protect a
prioritized, characterized credit card system to automatically enable making
the best financial decision with user’s credit cards. The technology covered by
the patent application contemplates the automatic ranking of the user’s credit
card benefits like interest rate, reward programs and similar and use the one
with the highest rank to execute charges. In this way users will be always
using their best interest financial credit account. The system will combine all
user’s credit accounts and will enable consolidation of all credit lines into
one account. Our Artificial Intelligence technology will be the brain to
empower the entire system and we’ll be implementing our patented database
management technology for fast performance and high security. Our AI system
will enable a personal “credit advisor” that helps with all credit lines financial
decisions, always keeping in mind the user’s best interest. This is the first
time that we will be using our technology in the financial arena and we look
forward for further future expansion in this domain.” Stated Danny Rittman the Company’s CTO.
There
is no guarantee that the Company will be successful in researching, developing
or implementing this system or that it will be granted the patent. In order to successfully implement this
system, the Company will need to raise adequate capital to support its research
and, if successfully researched, developed and granted regulatory approval, the
Company would need to enter into a strategic relationship with a third party
that has experience in manufacturing, selling and distributing this
product. There is no guarantee that the
Company will be successful in any or all of these critical steps.
About Us
GBT Technologies, Inc.
(OTC PINK: GTCH) (“GBT”) (http://gbtti.com)
is a development stage company which considers itself a native of Internet of
Things (IoT), Artificial Intelligence (AI) and Enabled Mobile Technology
Platforms used to increase IC performance. GBT has assembled a team with
extensive technology expertise and is building an intellectual property
portfolio consisting of many patents. GBT’s mission, to license the technology
and IP to synergetic partners in the areas of hardware and software. Once
commercialized, it is GBT’s goal to have a suite of products including smart
microchips, AI, encryption, Blockchain, IC design, mobile security
applications, database management protocols, with tracking and supporting cloud
software (without the need for GPS). GBT envisions this system as a creation of
a global mesh network using advanced nodes and super performing new generation
IC technology. The core of the system will be its advanced microchip technology;
technology that can be installed in any mobile or fixed device worldwide. GBT’s
vision is to produce this system as a low cost, secure, private-mesh-network
between any and all enabled devices. Thus, providing shared processing,
advanced mobile database management and sharing while using these enhanced
mobile features as an alternative to traditional carrier services.
Forward-Looking Statements
Certain statements contained in this press
release may constitute "forward-looking statements". Forward-looking
statements provide current expectations of future events based on certain
assumptions and include any statement that does not directly relate to any historical
or current fact. Actual results may differ materially from those indicated by
such forward-looking statements as a result of various important factors as
disclosed in our filings with the Securities and Exchange Commission located at
their website ( http://www.sec.gov).
In addition to these factors, actual future performance, outcomes, and results
may differ materially because of more general factors including (without limitation)
general industry and market conditions and growth rates, economic conditions,
governmental and public policy changes, the Company’s ability to raise capital
on acceptable terms, if at all, the Company’s successful development of its
products and the integration into its existing products and the commercial
acceptance of the Company’s products. The forward-looking statements
included in this press release represent the Company's views as of the date of
this press release and these views could change. However, while the Company
may elect to update these forward-looking statements at some point in the
future, the Company specifically disclaims any obligation to do so. These
forward-looking statements should not be relied upon as representing the
Company's views as of any date subsequent to the date of the press release.
Contact:
Dr.
Danny Rittman, CTO
press@gopherprotocol.com
GBT Technologies Inc.
(OTCQB:GTCH) is a featured tech stock on
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