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Digital exchange and mobile wallet for digital currency

  • US 8,768,834 B2
  • Filed: 09/20/2012
  • Issued: 07/01/2014
  • Est. Priority Date: 09/20/2011
  • Status: Active Grant
First Claim
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1. A computer-implemented method comprising:

  • storing, in a digital wallet of a first user, item identification data that identifies a first value-ascertainable item issued by a first merchant, owned by the first user;

    receiving, over a network, exchange data that indicates a second value-ascertainable item issued by a second merchant different from the first merchant, to be exchanged for the first value-ascertainable item;

    in response to receiving the exchange data, removing, from the digital wallet the item identification data, first item data that identifies the first value-ascertainable item and saving item identification data that identifies the second value-ascertainable item;

    determining a current location of a device of the first user;

    identifying a location of a store, of a merchant, that is associated with the second value ascertainable item within a certain distance of the current location;

    causing information about the second value-ascertainable item to be displayed to the first user;

    wherein the first merchant is incapable of redeeming the second value-ascertainable item and the second merchant is incapable of redeeming the first value-ascertainable item.

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