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US 2021/0201299 A1Published application
Method for Performing Transactions With Exchangeable Cryptocurrency and Legal Tender Currency
OwnerLawrence Hiltoninventor
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OwnerLawrence Hiltoninventor
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A system and method for performing transactions with exchangeable cryptocurrency and legal tender, and more particularly relates to system and method that utilizes a complementary legal tender currency subsystem for operating a banking module, a vaulting module, a legal tender fund module that has accounting information for complementary legal tender, a cache fund module, a crypto-currency module that has accounting information for virtual monetary tokens, a crypto-shares module that has accounting information for virtual share tokens, an escrow fund module, a trust fund module, a payment processing module, banking module, and vaulting module. The modules store, exchange, and maintain accounts for cryptocurrency and legal tender through a payment processing module. The payment processing module allows a customer and manger to transact for products and services through legal tender and cryptocurrency; and then generate revenue for the merchant through affiliate profits, trading the currencies for profit, and lower transaction fees.
A computer-implemented method for performing transactions with exchangeable cryptocurrency and legal tender, the method comprising:
The method of claim 30, wherein a denominated value is embedded in memory in a tangible medium using a unique identifier adapted to allow the tangible medium to certify a bearer seeking to redeem a portion of the denominated value in vaulted physical legal tender.
The method of claim 31, wherein the complementary currency comprises:
The method of claim 32, wherein the durable material comprises a metallic alloy.
The method of claim 33, wherein the precious metal comprises one or more of gold and silver.
The method of claim 34, wherein the piece is selected from the set consisting of a round, a rectangle, a note, a bill, and a bar.
The method of claim 35, wherein the outer form is selected from the set consisting of a coin, an ingot, and a card.
A computer-implemented method for performing transactions with a payment processing module, the method comprising:
The method of claim 37, wherein the customer unique identifier comprises an email address.
The method of claim 37, wherein the mobile device identifier comprises a phone number.
The method of claim 37, wherein the first currency comprises a Quintric Monetary Token.
The method of claim 40, wherein the second currency comprises a legal tender or a crypto-currency.
Dependencies are inferred from the claim text.