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Systems and methods for electronically circulating a currency

  • US 8,306,910 B2
  • Filed: 05/26/2009
  • Issued: 11/06/2012
  • Est. Priority Date: 05/26/2009
  • Status: Active Grant
First Claim
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1. A system for electronically circulating a currency, comprising:

  • a computing device comprising a processor and a computer-readable storage medium; and

    a transaction provider operating on the processor, the transaction provider configured to associate in the computer-readable storage medium, physical currency notes in a physical currency reserve with respective unique currency note identifiers (UCNID), to assign ownership of one of the physical currency notes to a first entity having a unique entity identifier (UEID), and to provide for transferring ownership of the physical currency note from the first entity to a second entity while maintaining the physical currency note in the physical currency reserve.

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