View source for DIGITAL CURRENCY INSTITUTE, THE PEOPLE'S BANK OF CHINA (20240281802). Digital Currency-Based Payment Method, Platform and System, and Terminal simplified abstract

=Digital Currency-Based Payment Method, Platform and System, and Terminal=


==Organization Name==

[[:Category:DIGITAL CURRENCY INSTITUTE, THE PEOPLE'S BANK OF CHINA|DIGITAL CURRENCY INSTITUTE, THE PEOPLE'S BANK OF CHINA]]


[[Category:DIGITAL CURRENCY INSTITUTE, THE PEOPLE'S BANK OF CHINA]]

==Inventor(s)==

[[:Category:Changchun Mu of Beijing (CN)|Changchun Mu of Beijing (CN)]][[Category:Changchun Mu of Beijing (CN)]]

[[:Category:Gang Di of Beijing (CN)|Gang Di of Beijing (CN)]][[Category:Gang Di of Beijing (CN)]]

[[:Category:Youcai Qian of Beijing (CN)|Youcai Qian of Beijing (CN)]][[Category:Youcai Qian of Beijing (CN)]]

[[:Category:Yuan Lv of Beijing (CN)|Yuan Lv of Beijing (CN)]][[Category:Yuan Lv of Beijing (CN)]]

[[:Category:Jinzhao Du of Beijing (CN)|Jinzhao Du of Beijing (CN)]][[Category:Jinzhao Du of Beijing (CN)]]

[[:Category:Changli Li of Beijing (CN)|Changli Li of Beijing (CN)]][[Category:Changli Li of Beijing (CN)]]

==Digital Currency-Based Payment Method, Platform and System, and Terminal - A simplified explanation of the abstract==


This abstract first appeared for US patent application 20240281802 titled 'Digital Currency-Based Payment Method, Platform and System, and Terminal

The present disclosure pertains to a digital currency-based payment method, platform, system, and terminal in the technical field of computers. The implementation of the method involves receiving a target payment request for a first digital currency in a frozen state, generating a second digital currency based on the target payment amount, and sending it to the corresponding account.

* Receiving a target payment request for a first digital currency in a frozen state
* Generating a second digital currency based on the target payment amount
* Sending the second digital currency to the corresponding account
* Improving transaction security and protecting user rights and interests
* Utilizing pre-payment deposit and verification smart contracts

Potential Applications:
- Secure digital currency transactions
- Protection of user rights and interests
- Streamlining payment processes

Problems Solved:
- Enhancing transaction security
- Simplifying payment verification
- Protecting user assets

Benefits:
- Increased security in digital currency transactions
- Efficient payment processing
- Enhanced user trust and confidence

Commercial Applications:
Title: Secure Digital Currency Payment Platform
Description: This technology can be utilized by financial institutions, e-commerce platforms, and other businesses to facilitate secure digital currency transactions, improving customer trust and satisfaction.

Questions about the technology:
1. How does this technology improve transaction security?
2. What are the potential benefits for businesses implementing this payment method?

Frequently Updated Research:
Stay updated on the latest advancements in digital currency payment methods and security protocols to ensure the highest level of protection for users and businesses.


==Original Abstract Submitted==

the present disclosure relates to a digital currency-based payment method, platform and system, and a terminal, and relates to the technical field of computers. an implementation of the method includes: receiving a target payment request for a first digital currency in a frozen state, the first digital currency in the frozen state being generated based on a pre-payment request and a pre-configured pre-payment deposit smart contract; generating a second digital currency according to a target payment amount indicated by the target payment request, the first digital currency, and a pre-configured pre-payment verification smart contract; and sending the second digital currency to a first account corresponding to the first digital currency. the implementation improves the transaction security, and is conducive to protecting the rights and interests of a user.



[[Category:G06Q20/38]]
[[Category:G06Q20/06]]
[[Category:G06Q20/40]]
[[Category:CPC_G06Q20/3825]]