Title:
TECHNIQUES FOR CONDUCTING TRANSACTIONS UTILIZING CRYPTOCURRENCY
Document Type and Number:
WIPO Patent Application WO/2019/139655
Kind Code:
A1
Abstract:
Embodiments of the invention are directed to systems and methods for conducting a transaction utilizing a cryptocurrency. The user may fund a cryptocurrency account with his pre-existing cryptocurrency. An issuer may purchase cryptocurrency within a cryptocurrency exchange. The user may then utilize a payment device (e.g., a Crypto Debit Card) that is associated with a cryptocurrency balance to conduct a transaction with a merchant for goods and/or services. An authorization request message may be transmitted to the authorizing entity computer. The authorizing entity computer may determine a cryptocurrency amount corresponding to the fiat currency transaction amount of the authorization request message. A sell request message may be transmitted to an exchange that facilitates the sale of the cryptocurrency amount. If the sale is successful, the authorizing entity computer may transmit an authorization response message indicating that the transaction is approved and the merchant may release the purchased goods and/or services.
Inventors:
LI XI (SG)
CHENG WEN ZHAO (SG)
TAGAMA JUN RYAN MENORCA (PH)
RAY SATRAJIT (SG)
ANG GABRIEL JIN JUAN (SG)
RENGARAJAN LAVANYA (SG)
CHENG WEN ZHAO (SG)
TAGAMA JUN RYAN MENORCA (PH)
RAY SATRAJIT (SG)
ANG GABRIEL JIN JUAN (SG)
RENGARAJAN LAVANYA (SG)
Application Number:
PCT/US2018/055362
Publication Date:
July 18, 2019
Filing Date:
October 11, 2018
Export Citation:
Assignee:
VISA INT SERVICE ASS (US)
International Classes:
G06Q20/36; G06Q20/38
Foreign References:
| US20160203477A1 | 2016-07-14 | |||
| US20150262168A1 | 2015-09-17 | |||
| US20170161734A1 | 2017-06-08 | |||
| US20150332395A1 | 2015-11-19 | |||
| US20170132621A1 | 2017-05-11 |
Attorney, Agent or Firm:
RICKETT, Cynthia H. et al. (US)
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