Secure multi-factor tokenization-based sub-cryptocurrency payment platform

A third-party payment platform, comprising:

• at least one processor;
• at least one database coupled to the at least one processor;
• at least one consumer digital wallet;
• and
• at least one merchant digital wallet;
• wherein the at least one processor is configured to:
• reserve an amount of volatile currency controlled by the consumer and store the amount into the digital wallet of the consumer;
• compute, using a risk management algorithm, a risk-worthy amount of reliable currency representing an amount of reliable currency that reflects an acceptable amount of risk to the third-party payment platform, wherein the amount of reliable currency is backed by the reserved amount of consumer volatile currency, and wherein the entire amount of risk-worthy reliable currency is less than an equivalent amount of reliable currency converted from the reserved consumer volatile currency based on current exchange rates;
• generate and issue to the consumer a reliable token representing the risk-worthy amount of reliable currency;
• receive from a merchant device a request to authenticate the issued reliable token and verify an amount of the reliable token in relation to a purchase initiated by the consumer;
• validate the authentication and amount verification request;
• perform a merchant settlement process of the purchase by issuing to the merchant digital wallet a purchase amount in the reliable currency;
• and
• perform a consumer settlement process at a later time post-purchase by depositing an amount of volatile currency from the consumer digital wallet equivalent to the purchase amount in reliable currency.

A non-transitory computer readable medium comprising instructions that, when executed by at least one processor, cause the at least one processor to perform operations comprising:

• reserving an amount of volatile currency controlled by the consumer;
• computing a risk-worthy amount of reliable currency representing an amount of reliable currency that reflects an acceptable amount of risk to the third-party payment platform, wherein the amount of reliable currency is backed by the reserved amount of consumer volatile currency, and wherein the entire amount of risk-worthy reliable currency is less than an equivalent amount of reliable currency converted from the reserved consumer volatile currency based on current exchange rates;
• generating and issuing to the consumer a reliable token representing the risk-worthy amount of reliable currency;
• receiving from a merchant device a request to authenticate the issued reliable token and verify an amount of the reliable token in relation to a purchase initiated by the consumer;
• validating the authentication and amount verification request;
• performing a merchant settlement process of the purchase by issuing a purchase amount to the merchant in the reliable currency;
• and
• performing a consumer settlement process at a later time post-purchase by depositing an amount of volatile currency equivalent to the purchase amount in reliable currency from the consumer.