Money transfers using digital cash
US8315952B2 · kind B2 · utility
Assignee
Inventor
Key dates
| Filing date | Mar 12, 2007 |
| Grant date | Nov 20, 2012 |
| Priority date | — |
| Expiry date | Mar 20, 2028 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/06
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Methods and systems are described for transferring funds from a sender to a recipient. Source funds are received from a sender. An amount of recipient funds is determined from a value of the source funds. A transfer identifier associated with the recipient funds is generated and provided to the sender. The transfer identifier is received from the recipient, prompting a transfer in control of the recipient funds to the recipient. At least one of the source funds and the recipient funds are in the form of one or more electronic tokens. Each such electronic token has a currency amount and a digital signature identifying a financial institution that backs the electronic token for the currency amount.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.