Systems and methods for foreign currency exchange and transfer

A provider computing system associated with an account provider, comprising:

• a network interface;
• a customer accounts database storing information related to various customers of the accounts provider;
• and
• a processing circuit comprising a processor and a memory, the memory structured to store instructions that are executable and cause the processor to:
• receive a customer request via a graphical user interface (GUI) of a wallet application displayed on a user device associated with a customer, wherein the customer request is a request for a currency transfer between a customer account of the customer associated with a customer provider system to a recipient account of a recipient associated with a recipient provider system;
• extract transfer information from the customer request based on a smart contract performing keyword searching and identifying the transfer information in predefined fields;
• determine the customer account is associated with a first type of currency and the recipient account is associated with a second type of currency;
• automatically determine and lock-in an exchange rate for a time limit;
• transmit data corresponding to the exchange rate and the time limit to the GUI of the wallet application displayed on the user device;
• exchange an amount of the first type of currency for an amount of the second type of currency based on the exchange rate;
• transfer, utilizing the extracted transfer information, an amount for the currency transfer from the wallet application associated with the customer account to the recipient account via an omnibus account held by the recipient provider system based on executing a smart contract on a distributed ledger, wherein the distributed ledger is shared between the customer provider system and the recipient provider system;
• and
• transmit a confirmation of the currency transfer to the GUI of the wallet application displayed on the user device.

One or more non-transitory computer-readable storage media having instructions stored thereon that, when executed by at least one processing circuit, cause the at least one processing circuit to:

• receive a customer request via a graphical user interface (GUI) of a wallet application displayed on a user device associated with a customer, wherein the customer request is a request for a currency transfer between a customer account of the customer associated with a customer provider system to a recipient account of a recipient associated with a recipient provider system;
• extract transfer information from the customer request based on a smart contract performing keyword searching and identifying the transfer information in predefined fields;
• determine the customer account is associated with a first type of currency and the recipient account is associated with a second type of currency;
• automatically determine and lock-in an exchange rate for a time limit;
• transmit data corresponding to the exchange rate and the time limit to the GUI of the wallet application displayed on the user device;
• exchange an amount of the first type of currency for an amount of the second type of currency based on the exchange rate;
• transfer, utilizing the extracted transfer information, an amount for the currency transfer from the wallet application associated with the customer account to the recipient account via an omnibus account held by the recipient provider system based on executing a smart contract on a distributed ledger, wherein the distributed ledger is shared between the customer provider system and the recipient provider system;
• and
• transmit a confirmation of the currency transfer to the GUI of the wallet application displayed on the user device.