Method and system for commodity-based currency for payment of accounts
US7206763B2 · kind B2 · utility
20Cited by
67References
30Claims
0Family size
Assignee
Inventor
Key dates
| Filing date | May 16, 2003 |
| Grant date | Apr 17, 2007 |
| Priority date | — |
| Expiry date | Jun 1, 2025 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/04
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A system and method for permitting gold or other commodities to circulate as currency requires a network of system users that participate in financial transactions where payment is made in units of gold. The gold is kept in secure storage at a deposit site for the benefit of the users. The payments in gold are effected through a computer system having data storage and transaction processing programs that credit or debit the units of account of gold held for the account of each system user.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.