Mobile wallet using math based currency systems and methods

A system comprising:

• at least one processing circuit configured to:
• receive, from the customer computing device, a request for a math-based currency (MBC) transaction token associated with a mobile wallet account stored at the mobile wallet computing system, wherein the request comprises a source account associated with the customer computing device and a recipient account associated with a merchant computing system at a merchant physical location comprising a reading device for payment instrument;
• generate the MBC transaction token comprising embedded information for processing an MBC transaction;
• send the MBC transaction token to the customer computing device;
• receive, from the merchant computing system, the MBC transaction token;
• determine the MBC transaction token is associated with the mobile wallet account based on the embedded information;
• in response to determining that the MBC transaction token is associated with the mobile wallet account, create a public and private key pair for the MBC transaction, wherein the public key of the public and private key pair identifies the recipient account;
• sign and broadcast the MBC transaction to MBC verification nodes, wherein signing comprises using the private key of the public and private key pair;
• and
• determine the MBC transaction was verified based on accessing a verification status of the MBC transaction on the MBC verification nodes;
• and
• transmit an approval message associated with the MBC transaction to the merchant computing system.

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, from the customer computing device, a request for a math-based currency (MBC) transaction token associated with a mobile wallet account stored at the mobile wallet computing system, wherein the request comprises a source account associated with the customer computing device and a recipient account associated with a merchant computing system at a merchant physical location comprising a reading device for payment instrument;
• generate the MBC transaction token comprising embedded information for processing an MBC transaction;
• send the MBC transaction token to the customer computing device;
• receive, from the merchant computing system, the MBC transaction token;
• determine the MBC transaction token is associated with the mobile wallet account based on the embedded information;
• in response to determining that the MBC transaction token is associated with the mobile wallet account, create a public and private key pair for the MBC transaction, wherein the public key of the public and private key pair identifies the recipient account;
• sign and broadcast the MBC transaction to MBC verification nodes, wherein signing comprises using the private key of the public and private key pair;
• and
• determine the MBC transaction was verified based on accessing a verification status of the MBC transaction on the MBC verification nodes;
• and
• transmit an approval message associated with the MBC transaction to the merchant computing system.