System and method for transferring currency using blockchain
US12118613B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Jan 6, 2021 |
| Grant date | Oct 15, 2024 |
| Priority date | — |
| Expiry date | Feb 7, 2041 |
Classification
- Technology area (CPC H)Electricity
- CPC primaryH04L2209/56
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A financial services system that utilizes a user device and a blockchain having a blockchain ledger includes. a host database having a non-transitory computer-readable medium including code and a host controller that executes the code. The host controller enables communication between a first digital wallet on the user device and one of a local currency account and a digital currency account to initiate a deposit via one of the currency accounts. The deposit can be assigned a transaction ID that is recorded to the blockchain ledger. The transaction ID can include a deposit currency value. A method for transferring currency includes the steps of enabling communication between a first digital wallet on a user device and one of a local currency account and a digital currency account with a host controller of a host database to initiate a deposit via one of the currency accounts, assigning a transaction ID to the deposit, and recording the transaction ID that includes a deposit currency value to a blockchain ledger.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.