System and method for cryptographic transactions

A method for handling crypto-asset transactions, the method comprising:

• receiving from a payment processing system an electronic transaction request including:
• a payment token corresponding to a payment identifier associated with a customer account stored in at least one storage device, and a transaction amount in a fiat currency;
• determining current price data corresponding to a first crypto-asset and a second crypto-asset associated with customer account, the current price data associated with the first crypto-asset and the second crypto-asset based at least in part on respective cryptographic transaction information stored in respective distributed ledgers at respective pluralities of nodes in respective distributed networks;
• associating the electronic transaction request with at least one data processing task for executing at least one crypto-asset transaction, the at least one crypto-asset transaction involving at least one of the first crypto-asset and the second crypto-asset;
• and
• when at least one crypto-asset confidence condition is satisfied based on the current price data of at least one of the first crypto-asset or the second crypto-asset, generating signals for providing, via the payment processing system, an indication that the electronic transaction request is authorized, wherein the at least one crypto-asset confidence condition is satisfied when the at least one crypto asset transaction is confirmed in the respective distributed ledger within a defined time period, the defined time period being dynamically updated based on historical confirmation times.

A non-transitory, computer-readable medium or media having stored thereon, computer readable instructions which when executed by at least one processor configured the at least one processor for:

• receiving from a payment processing system an electronic transaction request including:
• a payment token corresponding to a payment identifier associated with the customer account, and a transaction amount in a fiat currency;
• determining current price data corresponding to a first crypto-asset and a second crypto-asset associated with the customer account, the current price data associated with the first crypto-asset and the second crypto-asset based on at least in part on respective cryptographic transaction information stored in respective distributed ledgers at respective pluralities of nodes in respective distributed networks;
• associating the electronic transaction request with at least one data processing task for executing at least one crypto-asset transaction, the at least one crypto-asset transaction involving at least one of the first crypto-asset and the second crypto-asset;
• and
• when at least one crypto-asset confidence condition is satisfied based on the current price data of at least one of the first crypto-asset or the second crypto-asset, generating signals for providing, via the payment processing system, an indication that the electronic transaction request is authorized, wherein the at least one crypto-asset confidence condition is satisfied when the at least one crypto asset transaction is confirmed in the respective distributed ledger within a defined time period, the defined time period being dynamically updated based on historical confirmation times.

A system for handling crypto-asset transactions at least one memory for storing a customer account;

• and
• at least one processor communicably coupled to the at least one storage device, the at least one storage device including executable instructions which when executed by the at least one processor configure the system for:
• receiving from a smart contract interface, a request to trigger a smart contract, the smart contract triggered by a quantity of a first crypto-asset not held in association with the customer account;
• determining current price data corresponding to the first crypto-asset, and a second crypto-asset associated with the customer account, the current price data associated with the first crypto-asset and the second crypto-asset based on at least in part on respective cryptographic transaction information stored in respective distributed ledgers at respective pluralities of nodes in respective distributed networks;
• associating the request with at least one data processing task for executing at least one crypto-asset transaction, the at least one crypto-asset transaction involving at least one of the first crypto-asset and the second crypto-asset;
• and
• when at least one crypto-asset confidence condition is satisfied based on the current price data of at least one of the first crypto-asset or the second crypto-asset, generating signals for providing the quantity of the first crypto-asset to trigger the smart contract wherein the at least one crypto-asset confidence condition is satisfied when the at least one crypto asset transaction is confirmed in the respective distributed ledger within a defined time period, the defined time period being dynamically updated based on historical confirmation times.