Cryptocurrency Electronic Payment System

  • Published: Dec 17, 2015
  • Earliest Priority: Jun 16 2014
  • Family: 1
  • Cited Works: 0
  • Cited by: 16
  • Cites: 52
  • Additional Info: Full text
Abstract

A system includes a memory and a processor coupled to the memory. The processor may communicate with an electronic payment service, the electronic payment service providing a virtual account associated with the customer and determine that the customer initiated a request for a financial transaction, the financial transaction configured to transfer an amount of currency from the virtual account to a destination. The processor is also able to validate the financial transaction based at least upon data received from the electronic payment service and determine the customer account is associated with the virtual account based at least upon data received from the electronic payment service. The processor also may determine a quantity of cryptocurrency equivalent to the amount of currency (the quantity of cryptocurrency associated with the customer account) and transfer the quantity of cryptocurrency to the electronic payment service.


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Document History
  • Publication: Dec 17, 2015
  • Application: Jun 16, 2014
    US US 201414306110 A
  • Priority: Jun 16, 2014
    US US 201414306110 A

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