Methods And Systems Of Using A Cryptocurrency System To Manage Payments And Payment Alternatives

  • Published: Jun 15, 2017
  • Earliest Priority: Dec 07 2015
  • Family: 6
  • Cited Works: 1
  • Cited by: 0
  • Cites: 6
  • Additional Info: Full text
Abstract

Embodiments of the present invention are directed to methods and systems for the efficient management of a digital currency system using a cryptocurrency scheme. Embodiments utilize a payment processor computer to manage entities in the digital currency system, which have the rights to generate, distribute, transact with, and redeem units of a digital currency. In some embodiments, the digital currency may represent points in a loyalty program operated by an entity or organization. Transactions performed using the digital currency and rules governing the digital currency can be tracked and maintained in a master ledger maintained by the payment processor computer, and distributed as sub-ledgers to other entities within the digital currency system.


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Document History
  • Publication: Jun 15, 2017
  • Application: Nov 2, 2016
    WO US 2016/0060048 W
  • Priority: Dec 7, 2015
    US US 201514961554 A

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