Invention Grant
- Patent Title: Electronic funds transfers based on automatic cryptocurrency transactions
-
Application No.: US16033887Application Date: 2018-07-12
-
Publication No.: US10970685B2Publication Date: 2021-04-06
- Inventor: Joshua Edwards , Adam Vukich
- Applicant: Capital One Services, LLC
- Applicant Address: US VA McLean
- Assignee: Capital One Services, LLC
- Current Assignee: Capital One Services, LLC
- Current Assignee Address: US VA McLean
- Agency: Harrity & Harrity, LLP
- Main IPC: G06Q20/06
- IPC: G06Q20/06 ; H04L29/06 ; G06Q20/40 ; G06Q20/38

Abstract:
A device may obtain digital signature information relating to a quantity of a type of cryptocurrency, and receive transaction data relating to a credit account, associated with a user, after obtaining the digital signature information. The transaction data may include information identifying a transaction amount. The device may determine, after receiving the transaction data, an amount, of the type of cryptocurrency, that satisfies the transaction amount, perform, using the digital signature information, an action to conduct a sale of a portion of the quantity of the type of cryptocurrency based on determining the amount, and cause proceeds from the sale to be transferred to the credit account as payment for the transaction amount.
Public/Granted literature
- US20200019937A1 ELECTRONIC FUNDS TRANSFERS BASED ON AUTOMATIC CRYPTOCURRENCY TRANSACTIONS Public/Granted day:2020-01-16
Information query