Peer-To-Peer Payment System

A computer implemented method of effecting peer to peer payments between a payer account and a payee account, the method comprising:

• sending, from a payee device to a payer device associated with a payer account, a payment request message, said payment request message indicating a transaction amount, wherein the payer account comprises tokens corresponding to a monetary value;
• receiving, at the payee device from the payer device, a message comprising one or more of the tokens, the one or more of the tokens together corresponding to a monetary value equal to the transaction amount, and wherein the one or more of the tokens are received at the payee device to be stored in a payee account associated with the payee device;
• at a later point in time with respect to a time of receiving the message comprising the one or more of the tokens, connecting, the payee device, to a blockchain network server;
• and
• sending, from the payee device to the blockchain network server, a message to record the receiving of the one or more of the tokens on a blockchain ledger maintained by the blockchain network server.

A payer device for effecting peer to peer payments between a payer account and a payee account, the payer device comprising a processor configured to:

• receive, from a payee device, a payment request message, said payment request message indicating a transaction amount, wherein a payer account associated with the payer device comprises tokens corresponding to a monetary value;
• send, to the payee device, a message comprising one or more of the tokens, the one or more of the tokens together corresponding to a monetary value equal to the transaction amount, and wherein the one or more of the tokens are sent to the payee device to be stored in a payee account associated with the payee device;
• at a later point in time with respect to a time of sending the message comprising the one or more of the tokens, connect to a blockchain network server;
• and
• send, to the server, a message to record the sending of the one or more of the tokens on a blockchain ledger maintained by the blockchain network server.

A payee device for effecting peer to peer payments between a payer account and a payee account, the payee device comprising a processor configured to:

• send, to a payer device associated with a payer account, a payment request message, said payment request message indicating a transaction amount, wherein the payer account comprises tokens corresponding to a monetary value;
• receive, from the payer device, a message comprising one or more of the tokens, the one or more of the tokens together corresponding to a monetary value equal to the transaction amount, and wherein the one or more of the tokens are received at the payee device to be stored in a payee account associated with the payee device;
• at a later point in time with respect to a time of receiving the message comprising the one or more of the tokens, connect to a blockchain network server;
• and
• send, to the server, a message to record the receiving of the one or more of the tokens on a blockchain ledger maintained by the blockchain network server.