Computer Implemented Frameworks And Methods Configured To Create And Manage A Virtual Currency

  • Published: Sep 17, 2015
  • Earliest Priority: Mar 11 2014
  • Family: 3
  • Cited Works: 0
  • Cited by: 21
  • Cites: 4
  • Additional Info: Full text

The computer implemented frameworks and methods configured to create and manage a virtual currency bearing characteristics of both a cryptocurrency and fiat money at the same time. The virtual currency bridges the gap between fiat currency of the real world commerce, trade, and finance and cryptocurrency byway of a self-adjusting extrinsic value that is influenced by cross currency exchange rates of fiat currencies. This virtual currency is: relatively agnostic to a volatile global financial condition and has an automatic Global Fiat Currency Grid Normalisation Engine; is autonomous; has no need for arbitration; works entirely on a peer to peer distributed public ledger system that self-checks, self-validates and secures itself. The virtual currency's mere creation, acceptance and adoption is self-propagating and is a viable solution without the need for any payment gateways, payment processors, payment networks and outdates transaction methods in existence today.

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Document History
  • Publication: Sep 17, 2015
  • Application: Mar 10, 2015
    WO AU 2015/000135 W
  • Priority: Mar 11, 2014
    AU AU 2014/900815 A

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