Invention Grant
- Patent Title: System and method for cryptographic transactions
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Application No.: US18199101Application Date: 2023-05-18
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Publication No.: US12079785B2Publication Date: 2024-09-03
- Inventor: Karim Talal Hamasni , Stefan Mueller , Atilla Murat Firat
- Applicant: ROYAL BANK OF CANADA
- Applicant Address: CA Montreal
- Assignee: ROYAL BANK OF CANADA
- Current Assignee: ROYAL BANK OF CANADA
- Current Assignee Address: CA Montreal
- Agency: NORTON ROSE FULBRIGHT CANADA LLP
- Main IPC: G06Q20/06
- IPC: G06Q20/06 ; G06Q20/36 ; G06Q20/38 ; G06Q20/40 ; H04L9/08 ; G06Q20/02 ; G06Q20/20 ; H04L9/00 ; H04L9/32 ; H04L9/40

Abstract:
A system and method for handling crypto-asset transactions includes: receiving from a payment processing system an electronic transaction request including: a payment token corresponding to a payment identifier associated with the customer account, and a transaction amount in a fiat currency; determining current price data corresponding to a first crypto-asset and a second crypto-asset associated with the customer account; associating the electronic transaction request with at least one data processing task for executing at least one crypto-asset transaction; and when at least one crypto-asset confidence condition is satisfied based on the current price data of at least one of the first crypto-asset or the second crypto-asset, generating signals for providing, via the payment processing system, an indication that the electronic transaction request is authorized without waiting for confirmation of execution of the at least one crypto-asset transaction in the respective distributed ledger.
Public/Granted literature
- US20230289752A1 SYSTEM AND METHOD FOR CRYPTOGRAPHIC TRANSACTIONS Public/Granted day:2023-09-14
Information query