Cryptocurrency Real-time Conversion System

  • Published: Dec 17, 2015
  • Earliest Priority: Jun 16 2014
  • Family: 1
  • Cited Works: 0
  • Cited by: 8
  • Cites: 69
  • Additional Info: Full text
Abstract

A system comprises a memory operable to store a set of conversion rules. The system also comprises a processor communicatively coupled to the memory. The processor is able to receive an electronic request for a cryptocurrency conversion requesting a conversion of a first currency into a second currency, wherein the second currency is a cryptocurrency. The processor is further able to retrieve price data associated with the first and second currencies and determine whether the conversion is optimal. In response to determining the conversion is optimal, the processor determines a plurality of exchange rates associated with converting the first currency into the second currency and determines an optimal exchange rate of the plurality of exchange rates. The processor is further able to initiate, essentially simultaneously as the determination that the conversion is optimal, converting the first currency into the second currency.


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Document History
  • Publication: Dec 17, 2015
  • Application: Jun 16, 2014
    US US 201414306054 A
  • Priority: Jun 16, 2014
    US US 201414306054 A

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