SOCIAL NETWORKING SYSTEM AND METHOD

• US 20150262143A1
• Filed: 03/16/2015
• Published: 09/17/2015
• Est. Priority Date: 03/14/2014
• Status: Abandoned Application

• Current Assignee: Redfinger Inc.
• Original Assignee: Redfinger Inc.
• Inventors: Jung, John, Roberts, Raymond
• Application Number:
  US14/659,134
• Publication Number:
  US 20150262143A1
• Time in Patent Office: Days
• US Class Current: 1/1
• CPC Class Codes: G06Q 10/00 Administration; Management
• CPC Class Codes: G06Q 20/381 Currency conversion
• CPC Class Codes: G06Q 20/384 using social networks
• CPC Class Codes: G06Q 30/0273 Determination of fees for advertising
• CPC Class Codes: G06Q 30/0277 Online advertisement
• CPC Class Codes: G06Q 50/01 Social networking

Abstract

A method, computer program product, and computing system for defining a plurality of users within a social network, wherein a social currency amount is associated with each of the plurality of users of the social network. A social network bank is established within the social network, wherein the social network bank is configured to effectuate one or more social currency exchanges between at least one user of the plurality of users of the social network and a commercial banking institution.

Claims

1. A computer-implemented method executed on a computing device, the computer-implemented method comprising:

defining a plurality of users within a social network, wherein a social currency amount is associated with each of the plurality of users of the social network; and

establishing a social network bank within the social network, wherein the social network bank is configured to effectuate one or more social currency exchanges between at least one user of the plurality of users of the social network and a commercial banking institution.

2. The computer-implemented method of claim 1 further comprising:

receiving, from a first user having a first social currency amount, a request to exchange a defined quantity of the first social currency amount into a national/regional currency; and

converting the defined quantity of the first social currency amount into a calculated quantity of the national/regional currency based, at least in part, upon an exchange rate.

3. The computer-implemented method of claim 2 further comprising:

transferring the calculated quantity of the national/regional currency into an account within the commercial banking institution that is associated with the first user.

4. The computer-implemented method of claim 3 further comprising:

reducing the first social currency amount of the first user by the defined quantity of the first social currency amount.

5. The computer-implemented method of claim 1 further comprising:

receiving, from a first user having a first social currency amount, a request to exchange a defined quantity of a national/regional currency into a social currency; and

converting the defined quantity of the national/regional currency into a calculated social currency amount based, at least in part, upon an exchange rate.

6. The computer-implemented method of claim 5 further comprising:

receiving the defined quantity of the national/regional currency from an account within the commercial banking institution that is associated with the first user.

7. The computer-implemented method of claim 6 further comprising:

increasing the first social currency amount of the first user by the calculated social currency amount.

8. A computer program product residing on a computer readable medium having a plurality of instructions stored thereon which, when executed by a processor, cause the processor to perform operations comprising:

defining a plurality of users within a social network, wherein a social currency amount is associated with each of the plurality of users of the social network; and

establishing a social network bank within the social network, wherein the social network bank is configured to effectuate one or more social currency exchanges between at least one user of the plurality of users of the social network and a commercial banking institution.

9. The computer program product of claim 8 further comprising instructions for:

receiving, from a first user having a first social currency amount, a request to exchange a defined quantity of the first social currency amount into a national/regional currency; and

converting the defined quantity of the first social currency amount into a calculated quantity of the national/regional currency based, at least in part, upon an exchange rate.

10. The computer program product of claim 9 further comprising instructions for:

transferring the calculated quantity of the national/regional currency into an account within the commercial banking institution that is associated with the first user.

11. The computer program product of claim 10 further comprising instructions for:

reducing the first social currency amount of the first user by the defined quantity of the first social currency amount.

12. The computer program product of claim 8 further comprising instructions for:

receiving, from a first user having a first social currency amount, a request to exchange a defined quantity of a national/regional currency into a social currency; and

converting the defined quantity of the national/regional currency into a calculated social currency amount based, at least in part, upon an exchange rate.

13. The computer program product of claim 12 further comprising instructions for:

receiving the defined quantity of the national/regional currency from an account within the commercial banking institution that is associated with the first user.

14. The computer program product of claim 13 further comprising instructions for:

increasing the first social currency amount of the first user by the calculated social currency amount.

15. A computing system including a processor and memory configured to perform operations comprising:

defining a plurality of users within a social network, wherein a social currency amount is associated with each of the plurality of users of the social network; and

establishing a social network bank within the social network, wherein the social network bank is configured to effectuate one or more social currency exchanges between at least one user of the plurality of users of the social network and a commercial banking institution.

16. The computing system of claim 15 further configured to perform operations comprising:

receiving, from a first user having a first social currency amount, a request to exchange a defined quantity of the first social currency amount into a national/regional currency; and

converting the defined quantity of the first social currency amount into a calculated quantity of the national/regional currency based, at least in part, upon an exchange rate.

17. The computing system of claim 16 further configured to perform operations comprising:

transferring the calculated quantity of the national/regional currency into an account within the commercial banking institution that is associated with the first user.

18. The computing system of claim 17 further configured to perform operations comprising:

reducing the first social currency amount of the first user by the defined quantity of the first social currency amount.

19. The computing system of claim 15 further configured to perform operations comprising:

receiving, from a first user having a first social currency amount, a request to exchange a defined quantity of a national/regional currency into a social currency; and

converting the defined quantity of the national/regional currency into a calculated social currency amount based, at least in part, upon an exchange rate.

20. The computing system of claim 19 further configured to perform operations comprising:

receiving the defined quantity of the national/regional currency from an account within the commercial banking institution that is associated with the first user.

21. The computing system of claim 20 further configured to perform operations comprising:

increasing the first social currency amount of the first user by the calculated social currency amount.