Unknown Organization (20250013996). System and method of transferring cryptocurrency using traditional domain name
System and method of transferring cryptocurrency using traditional domain name
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System and method of transferring cryptocurrency using traditional domain name
This abstract first appeared for US patent application 20250013996 titled 'System and method of transferring cryptocurrency using traditional domain name
Original Abstract Submitted
the present disclosure provides a system and method of transferring cryptocurrency using traditional domain names. the system includes a server of or on behalf of a receiver, a sender's device, and a distributed ledger (dl) network. the server is configured to host a web page or an application with a url containing a traditional domain name for resolution of at least a cryptocurrency address. the sender's device is configured to send cryptocurrency to said url. nodes of the dl network are configured to resolve said cryptocurrency address by visiting the url and extract the cryptocurrency address, and then complete the transaction using the resolved address. the method includes steps to configure the system. after configuration users send cryptocurrencies to a url, and nodes of said dl network resolve the cryptocurrency address, and then use the resolved address to complete the cryptocurrency transaction. the invention makes sending cryptocurrencies like zelle� pay.
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