Application US20190325473

REWARD POINT REDEMPTION FOR CRYPTOCURRENCY
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US20190325473

1. A method comprising: (5) (6)

receiving, by a transaction network, a cryptocurrency redemption request comprising a user identifier, a reward points redemption amount, and a cryptocurrency type;

retrieving, by the transaction network in electronic communication with a rewards database, a user blockchain wallet address associated with the user identifier;

transmitting, by the transaction network in electronic communication with a cryptocurrency exchange API, a cryptocurrency purchase request comprising the user blockchain wallet address; and

receiving, by the transaction network and from the cryptocurrency exchange API, a transaction link in response to the cryptocurrency exchange API completing the cryptocurrency purchase request,

wherein the cryptocurrency exchange API is configured to complete the cryptocurrency purchase request by writing transaction data to a blockchain, and

wherein the transaction link comprises a link to the transaction data on the blockchain comprising the transaction data of the completed cryptocurrency purchase request.

2. The method of claim 1, wherein the cryptocurrency purchase request comprises a fiat currency value based on the reward points redemption amount, and (0) (1)

3. The method of claim 1, wherein the cryptocurrency purchase request comprises a transaction network blockchain wallet address, and (0) (1)

4. The method of claim 1, further comprising storing, by the transaction network, the transaction link in the rewards database as proof of the completed cryptocurrency purchase request. (0)

5. The method of claim 1, further comprising transmitting, by the transaction network in electronic communication with a user terminal, a user security prompt in response to receiving the cryptocurrency redemption request. (1) (0)

7. The method of claim 1, further comprising: (0) (4)

receiving, by the transaction network, a cryptocurrency redemption registration request;

transmitting, by the transaction network in electronic communication with a user terminal, a user identification data request comprising a prompt to input identity-based data;

authenticating, by the transaction network, a user identification data response by validating data received from the user terminal in response to the user identification data request; and

receiving, by the transaction network and via the user terminal, the user blockchain wallet address to complete the cryptocurrency redemption registration request.

8. A computer-based system for redeeming reward points for cryptocurrency, comprising: (5) (8)

a processor; and

a tangible, non-transitory memory configured to communicate with the processor, the tangible, non-transitory memory having instructions stored thereon that, in response to execution by the processor, cause a transaction network to perform operations comprising:

receiving, by the transaction network, a cryptocurrency redemption request comprising a user identifier, a reward points redemption amount, and a cryptocurrency type;

retrieving, by the transaction network in electronic communication with a rewards database, a user blockchain wallet address associated with the user identifier;

transmitting, by the transaction network in electronic communication with a cryptocurrency exchange API, a cryptocurrency purchase request comprising the user blockchain wallet address; and

receiving, by the transaction network and from the cryptocurrency exchange API, a transaction link in response to the cryptocurrency exchange API completing the cryptocurrency purchase request,

wherein the cryptocurrency exchange API is configured to complete the cryptocurrency purchase request by writing transaction data to a blockchain, and

wherein the transaction link comprises a link to the transaction data on the blockchain comprising the transaction data of the completed cryptocurrency purchase request.

9. The computer-based system of claim 8, wherein the cryptocurrency purchase request comprises a fiat currency value based on the reward points redemption amount, and (0) (1)

10. The computer-based system of claim 8, wherein the cryptocurrency purchase request comprises a transaction network blockchain wallet address, and (0) (1)

11. The computer-based system of claim 8, further comprising storing, by the transaction network, the transaction link in the rewards database as proof of the completed cryptocurrency purchase request. (0)

12. The computer-based system of claim 8, further comprising transmitting, by the transaction network in electronic communication with a user terminal, a user security prompt in response to receiving the cryptocurrency redemption request. (1) (0)

14. The computer-based system of claim 8, further comprising: (0) (4)

receiving, by the transaction network, a cryptocurrency redemption registration request;

transmitting, by the transaction network in electronic communication with a user terminal, a user identification data request comprising a prompt to input identity-based data;

authenticating, by the transaction network, a user identification data response by validating data received from the user terminal in response to the user identification data request; and

receiving, by the transaction network and via the user terminal, the user blockchain wallet address to complete the cryptocurrency redemption registration request.

15. An article of manufacture including a non-transitory, tangible computer readable storage medium having instructions stored thereon that, in response to execution by a transaction network, cause the transaction network to perform operations comprising: (5) (6)

receiving, by the transaction network, a cryptocurrency redemption request comprising a user identifier, a reward points redemption amount, and a cryptocurrency type;

retrieving, by the transaction network in electronic communication with a rewards database, a user blockchain wallet address associated with the user identifier;

transmitting, by the transaction network in electronic communication with a cryptocurrency exchange API, a cryptocurrency purchase request comprising the user blockchain wallet address; and

receiving, by the transaction network and from the cryptocurrency exchange API, a transaction link in response to the cryptocurrency exchange API completing the cryptocurrency purchase request,

wherein the cryptocurrency exchange API is configured to complete the cryptocurrency purchase request by writing transaction data to a blockchain, and

wherein the transaction link comprises a link to the transaction data on the blockchain comprising the transaction data of the completed cryptocurrency purchase request.

16. The article of manufacture of claim 15, wherein the cryptocurrency purchase request comprises a fiat currency value based on the reward points redemption amount, and (0) (1)

17. The article of manufacture of claim 15, wherein the cryptocurrency purchase request comprises a transaction network blockchain wallet address, and (0) (1)

18. The article of manufacture of claim 15, further comprising storing, by the transaction network, the transaction link in the rewards database as proof of the completed cryptocurrency purchase request. (0)

19. The article of manufacture of claim 15, further comprising transmitting, by the transaction network in electronic communication with a user terminal, a user security prompt in response to receiving the cryptocurrency redemption request, wherein the user security prompt comprises at least one of a multi-factor authentication request or a cryptocurrency warning. (0)

20. The article of manufacture of claim 15, further comprising: (0) (4)

receiving, by the transaction network, a cryptocurrency redemption registration request;

transmitting, by the transaction network in electronic communication with a user terminal, a user identification data request comprising a prompt to input identity-based data;

authenticating, by the transaction network, a user identification data response by validating data received from the user terminal in response to the user identification data request; and

receiving, by the transaction network and via the user terminal, the user blockchain wallet address to complete the cryptocurrency redemption registration request.

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Application US20190325473

REWARD POINT REDEMPTION FOR CRYPTOCURRENCY

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