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Application US20170372417
Published 2017-12-28
Digital Asset Account Management
Systems and methods related to a cryptocurrency system that enables transactions to be performed by transferring digital assets corresponding to amounts between appropriate entities are described. The cryptocurrency system includes a digital assets service provider computer that can host digital asset accounts associated with consumers and resource providers at which digital assets can be received. Consumers can be unbanked and use their digital asset account to perform cashless transactions. In one exemplary transaction, a consumer can receive change for the transaction as a digital asset that is assigned to their digital asset account. In another exemplary transaction, the consumer can use digital assets assigned to their digital asset account to pay for the transaction. Transfers of digital assets between accounts is managed by a ledger of transactions, which may be in the form of a block chain that cryptographically secures data that is stores.
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- 1. A method comprising:
receiving, by a service provider computer a request for a digital asset corresponding to an amount owed to a consumer for a transaction conducted between the consumer and a resource provider associated with a resource provider computer; generating, by the service provider computer, the digital asset corresponding to the amount; determining, by the service provider computer, a digital asset identifier associated with the digital asset, wherein the digital asset identifier is eventually provided to a computing device of the consumer; receiving, by the service provider computer, the digital asset identifier from the computing device of the consumer; sending, by the service provider computer to a financial institution computer associated with the resource provider, a request to update an unalterable electronic ledger of transactions managed by the financial institution computer, wherein the financial institution computer updates the unalterable electronic ledger of transactions to indicate the transfer of the digital asset from a digital asset account of the resource provider to a digital asset account of the consumer.
- 14. A method comprising:
providing to a resource provider computer associated with a resource provider, a request to receive change for a transaction in the form of a digital asset, wherein the resource provider computer sends a request to generate the digital asset corresponding to a change amount to a service provider computer; receiving, by a computing device, a digital asset identifier associated with the digital asset generated by the service provider computer; and sending, by the computing device, the digital asset identifier to the service provider computer, wherein the service provider computer sends, to a financial institution computer associated with the resource provider, a request to update an unalterable electronic ledger of transactions managed by the financial institution computer, wherein the financial institution computer updates the unalterable electronic ledger of transactions to indicate the transfer of the digital asset from a digital asset account of the resource provider to a digital asset account of a consumer.
- 20. A method comprising:
receiving, by a service provider computer, a prepaid load request corresponding to an amount owed to a consumer for a transaction conducted between the consumer and a resource provider associated with a resource provider computer, wherein the prepaid load request is generated by the resource provider computer; generating, by the service provider computer, a digital asset corresponding to the amount; sending, by the service provider computer to a financial institution computer associated with the resource provider, a request to update an unalterable electronic ledger of transactions managed by the financial institution computer, wherein the financial institution computer updates the unalterable electronic ledger of transactions to indicate the transfer of the digital asset to a digital asset account of the consumer; and sending, by the service provider computer, a prepaid load response indicating that the amount has been transferred.
