Generation, Storage, And Validation Of Encrypted Electronic Currency

  • Published: Aug 27, 2015
  • Earliest Priority: Feb 24 2014
  • Family: 1
  • Cited Works: 0
  • Cited by: 10
  • Cites: 10
  • Additional Info: Full text
Abstract

A system and method for generating and validating encrypted electronic currency is disclosed. A server system stores one or more encrypted electronic currency records in a database. The server system then receives one or more encrypted electronic currency units from a merchant system. For each respective encrypted electronic currency unit of the one or more encrypted electronic currency units, the server system accesses a respective encrypted electronic currency record associated with the respective encrypted electronic currency unit. The server system determines whether the respective encrypted electronic currency unit is valid. In accordance with a determination that the respective encrypted electronic currency unit is valid, the server system updates the respective encrypted electronic currency record to indicate that the encrypted electronic currency unit now invalid. In accordance with a determination that each encrypted electronic currency unit is valid, the server system transmits a currency validation notification to the merchant system.


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Document History
  • Publication: Aug 27, 2015
  • Application: Feb 20, 2015
    US US 201514628166 A
  • Priority: Feb 20, 2015
    US US 201514628166 A
  • Priority: Feb 24, 2014
    US US 201461943661 P

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