The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Jun. 20, 2023
Filed:
Sep. 03, 2019
Jpmorgan Chase Bank, N.a., New York, NY (US);
John Corwin Hunter, Lithia, FL (US);
Umar Farooq, New York, NY (US);
Tiffany Ashley Wan, New York, NY (US);
Naveen Mallela, Singapore, SG;
Christine Moy, New York, NY (US);
Tyrone Lobban, London, GB;
Oliver Harris, Woking, GB;
Palka S. Patel, Jersey City, NJ (US);
JPMORGAN CHASE BANK, N.A., New York, NY (US);
Abstract
Systems and methods for token-based cross-currency interoperability are disclosed. In one embodiment, in a first financial institution information processing apparatus comprising at least one computer processor, a method for conducting a token-based cross-currency transaction may include: (1) receiving, from a first party, a transaction initiation request for a transaction amount to a second party; (2) deducting the transaction amount from a fiat currency account for the first party; (3) creating a token amount of tokens for the transaction amount; (4) writing the token amount to a distributed ledger; and (5) transferring the token amount of tokens to a second financial institution for the second party.