TRANSACTION PLATFORM ADHERING TO CURRENCY PREFERENCES BETWEEN COUNTER PARTIES AND MINIMIZING CURRENCY VOLATILITY IMPACTS WHEN SETTLING DIGITAL ASSET TRANSACTIONS

Abstract: the present invention extends to adhering to currency preferences between counter parties and minimizing currency volatility impacts when settling digital asset transactions. in general, currency conversions between crypto, stablecoin, and fiat are managed at digital platforms functioning as intermediaries between different parties to a transaction, such as, for example, a transaction transferring ownership of a digital asset in exchange for currency. a digital platform can handle currency conversions (e.g., by referring to currency pairs), mitigate risks of the transacting parties, etc. thereby increasing comfort of parties using the digital platform. different parties may desire to settle transactions in different currencies. the digital platform can obscure currency types being used from counterparties. stablecoin can be used as an intermediate currency type to reduce potential adverse financial impacts from crypto volatility.

Inventor(s): Damien Patton, Christian Gratton, Rish Mehta

CPC Classification: G06Q40/04 (Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange)

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