Cryptocurrency transactions using debit and credit values

A system for transferring cryptocurrency amounts, the system comprising:

• a processing device connected to a network and configured to transfer cryptocurrency amounts, the processing device operably coupled to a memory;
• and
• a transaction module stored in the memory, the transaction module being part of a distributed ledger network including a distributed ledger maintained by the payer and a payee, the transaction module including program instructions to cause the processing device to perform:
• receiving a request to transfer an amount of a cryptocurrency from a first storage location, the first storage location including a first wallet owned by a payer and storing an amount of cryptocurrency;
• in response to the request, initiating a transaction by the transaction module, generating a credit value and a debit value as a related pair, the credit and debit value independently transferable and representing the amount of the cryptocurrency, broadcasting the transaction, the credit value and the debit value to the distributed ledger network, transferring the debit value to the payer and transferring the credit value to the payee, each of the credit value and the debit value having an identifier that relates the credit value and the debit value to the amount of the cryptocurrency, one of the credit value and the debit value being a positive value and another of the credit value and the debit value being a negative value, at least one of the credit value and the debit value applied as an input to a transaction record in the distributed ledger network;
• and
• transferring the amount of the cryptocurrency by the transaction module from a wallet connected to the transaction module to a second storage location, the second storage location including a second wallet owned by the payee, wherein transferring the amount includes transferring the credit value from the payer to the payee, the debit value and the credit value configured to be cancelled by the payee to complete the transaction.

A computer program product for transferring cryptocurrency amounts, the computer program product comprising a computer readable storage medium having program instructions embodied therewith, the program instructions executable by a processor to cause the processor to perform:

• receiving, by a processing device, a request to transfer an amount of a cryptocurrency from a first storage location, the first storage location including a first wallet owned by a payer and storing an amount of cryptocurrency;
• transmitting the request to a transaction module configured to perform a transfer of the amount of the cryptocurrency, the transaction module being part of a distributed ledger network including a distributed ledger maintained by the payer and a payee;
• in response to the request, initiating a transaction by the transaction module, generating a credit value and a debit value as a related pair, the credit and debit value independently transferable and representing the amount of the cryptocurrency, broadcasting the transaction, the credit value and the debit value to the distributed ledger network, transferring the debit value to the payer and transferring the credit value to the payee, each of the credit value and the debit value having an identifier that relates the credit value and the debit value to the amount of the cryptocurrency, one of the credit value and the debit value being a positive value and another of the credit value and the debit value being a negative value, at least one of the credit value and the debit value applied as an input to a transaction record in the distributed ledger network;
• and
• transferring the amount of the cryptocurrency by the transaction module from a wallet connected to the transaction module to a second storage location, the second storage location including a second wallet owned by the payee, wherein transferring the amount includes transferring the credit value from the payer to the payee, the debit value and the credit value configured to be cancelled by the payee to complete the transaction.