The method for executing a digital value transfer transaction and the digital value transfer system for its implementation

A method for executing a digital value transfer transaction, the method comprising:

• receive a transaction request by a payer for executing a transaction of a digital value from a payer account associated with the payer to a recipient account associated with a recipient, wherein the transaction request includes the digital value of the transaction, a recipient identification associated with the recipient, at least one transaction authentication artifact, and a transaction pin code;
• receiving, from the recipient associated with the recipient identification, a recipient authentication artifact and a recipient pin code;
• and
• transferring the digital value of the transaction request from the payer account to the recipient account when the recipient pin code matches the payer pin code, and the recipient authentication artifact matches the payer authentication artifact.

A system for executing a digital value transfer transaction, the system comprising:

• a public distributed ledger including a plurality of payer accounts and recipient accounts;
• and
• a processing server in communication with the public distributed ledger, wherein the processing server is configured to
• receive a transaction request by a payer for executing a transaction of a digital value from a payer account to a recipient account, wherein the transaction request includes the digital value of the transaction, a recipient identification associated with the recipient, at least one transaction authentication artifact, and a transaction pin code,
• store the received transaction request associated with the payer account in an authentication template storage server in communication with the processing server,
• receive, from the recipient associated with the digital value transfer transaction, the recipient identification, a recipient authentication artifact, and a recipient pin code,
• execute the transaction by transferring the digital value of the transaction request from the payer account to the recipient account when the recipient identification matches the recipient identification associated with the transaction request, the recipient pin code matches the payer pin code, and the recipient authentication artifact matches the payer authentication artifact, and
• record the executed transaction associated with the payer account in the public distributed ledger.