Systems and methods for electronically circulating a currency
First Claim
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.
2 Assignments
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Accused Products
Abstract
One or more currency notes deposited at a currency reserve may be electronically circulated by a transaction provider. The transaction provider may maintain a record of the ownership status of the one or more currency notes in a computer-readable storage medium. The transaction provider may provide for an entity to obtain ownership of a currency notes. The entity may submit a request to the transaction provider to transfer a currency note to another entity. The transaction provider may authorize the request, and may perform the transfer if the request is authorized. The transfer of ownership may take place while maintaining the physical currency note in the currency reserve. A record of the transaction may be stored by the transaction provider and/or transmitted to the parties to the transfer. The transaction provider may allow for the exchange or currency notes into other denomination and/or currency types.
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Citations
21 Claims
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1. A system for electronically circulating a currency, comprising:
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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. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A non-transitory computer-readable storage medium comprising instructions to cause a computing device comprising a processor and memory to perform a method for electronically circulating a currency, the method comprising:
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assigning respective unique currency note identifiers (UCNIDs) to each of a plurality of physical currency notes deposited in a physical currency reserve; assigning ownership of one of the plurality of physical currency notes to a first one of a plurality of entities, wherein each of the entities has a respective unique entity identifier (UEID), and wherein assigning ownership of the physical currency note to the first entity comprises associating the UCNID of the physical currency note with the UEID of the first entity in a computer-readable storage medium; receiving a request to transfer the physical currency note from the first entity to a second one of the plurality of entities; authorizing the request; and transferring ownership of the physical currency note from the first entity to the second entity if the request is authorized, wherein the ownership of the physical currency note is transferred to the second entity while maintaining the physical currency note in the physical currency reserve. - View Dependent Claims (15, 16, 17, 18, 19)
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20. A method for electronically circulating a currency performed by a computing device, having a processor and computer-readable storage medium, the method comprising:
using a processor of a computing device to perform the steps of, assigning a unique identifier to each of a plurality of physical currency notes deposited in a physical currency reserve, wherein the unique identifier of a physical currency note is derived from an attribute of the physical currency note using the processor of the computing device; assigning ownership of a first one of the plurality of physical currency notes to a first entity, the first entity having a unique entity identifier using the processor of the computing device; receiving a request to transfer ownership of the physical currency note from the first entity to a second entity, the second entity having a unique entity identifier; authorizing the request, wherein authorizing the request comprises verifying that the request was authorized by the first entity, and verifying that the first entity is the owner of the physical currency note; and if the request is authorized, assigning ownership of the physical currency note to the second entity by associating the unique identifier of the physical currency note with the unique identifier of the second entity using the processor of the computing device. - View Dependent Claims (21)
Specification