Various aspects of a method and system for processing a monetary transaction are disclosed herein. The method includes registration, at a server, of a first virtual currency instrument that corresponds to a first account and one or more other virtual currency instruments that corresponds to one or more other accounts. The registered first virtual currency instrument is associated with a first value. The method further includes reception, at the server, of a redemption request of the registered first virtual currency instrument to process the monetary transaction. The received redemption request is higher than the first value associated with the registered first virtual currency instrument by an excess value. The method further includes redemption, at the server, the first value associated with the registered first virtual currency instrument and at least portions of one or more other values associated with the registered one or more other virtual currency instruments that correspond to the excess value, to process the monetary transaction.