Patent US10540639

Cryptocurrency payment network
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US10540639

1. A method of settling a transaction, comprising: (5) (4)

receiving, by a payment service, a request for payment associated with the transaction between a first user and a second user, wherein the request specifies a payment amount in a fiat currency;

identifying, by the payment service, an indication that the first user intends to satisfy the request for payment using a cryptocurrency;

initiating, by the payment service, a first transfer of a value corresponding to the payment amount in the cryptocurrency from a first balance of the first user to one or more service balances of the payment service, wherein the first balance is stored in one or more data structures maintained by the payment service; and

initiating, by the payment service, a second transfer of a value corresponding to the payment amount in the fiat currency from the one or more service balances of the payment service to a second balance of the second user, wherein the second balance is stored in the one or more data structures maintained by the payment service.

2. The method of claim 1, wherein the identifying the indication that the first user intends to satisfy the request for payment using a cryptocurrency comprises: (1) (2)

sending, to a computing device associated with the first user, information to display the request for payment with different payment options, wherein the payment options include a fiat currency payment option and a cryptocurrency payment option; and

receiving, from the computing device associated with the first user, input selecting the cryptocurrency payment option.

3. The method of claim 2, wherein the information to display the request for payment with different payment options includes information specifying an exchange rate between the cryptocurrency and the fiat currency. (1) (0)

5. The method of claim 1, wherein the identifying the indication that the first user intends to satisfy the request for payment using a cryptocurrency comprises: (1) (2)

7. The method of claim 1, wherein the initiating a first transfer of a value corresponding to the payment account in the cryptocurrency from a first balance of the first user to one or more service balances of the payment service comprises: (0) (2)

8. The method of claim 1, wherein the first balance is associated with a third-party cryptocurrency wallet owned by the first user, and wherein the initiating a first transfer of a value corresponding to the payment account in the cryptocurrency from a first balance of the first user to one or more service balances of the payment service comprises: (1) (1)

10. The method of claim 1, wherein the request for payment comprises: (1) (2)

a first identifier corresponding to the first user; and

a second identifier corresponding to the second user.

11. The method of claim 10, further comprising: (0) (1)

12. A method of settling a transaction, comprising: (4) (4)

receiving, by a payment service, a request for payment associated with the transaction between a first user and a second user, wherein the request specifies a payment amount in a fiat currency;

identifying, by the payment service, an indication that the first user intends to satisfy the request for payment using the fiat currency and the second user intends to receive the payment in a cryptocurrency;

initiating, by the payment service, a first transfer of a value corresponding to the payment amount in the fiat currency from a first balance of the first user to one or more service balances of the payment service, wherein the first balance is stored in one or more data structures maintained by the payment service; and

initiating, by the payment service, a second transfer of a value corresponding to the payment amount in the cryptocurrency from the one or more service balances of the payment service to a second balance of the second user, wherein the second balance is stored in the one or more data structures maintained by the payment service.

13. The method of claim 12, wherein the identifying the indication that the first user intends to satisfy the request for payment using the fiat currency comprises: (1) (2)

15. The method of claim 12, wherein the initiating a second transfer of a value corresponding to the payment account in the cryptocurrency from the one or more service balances of the payment service to a second balance of the second user comprises: (0) (2)

16. The method of claim 12, wherein the second balance is associated with a third-party cryptocurrency wallet owned by the second user, and wherein initiating a second transfer of a value corresponding to the payment account in the cryptocurrency from the one or more service balances of the payment service to a second balance of the second user comprises: (0) (1)

17. The method of claim 12, wherein the request for payment comprises: (1) (2)

a first identifier corresponding to the first user; and

a second identifier corresponding to the second user.

18. The method of claim 17, further comprising: (0) (1)

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Patent US10540639

Cryptocurrency payment network

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