DIGITAL CURRENCY INSTITUTE, THE PEOPLE'S BANK OF CHINA (20240281802). Digital Currency-Based Payment Method, Platform and System, and Terminal simplified abstract
Contents
Digital Currency-Based Payment Method, Platform and System, and Terminal
Organization Name
DIGITAL CURRENCY INSTITUTE, THE PEOPLE'S BANK OF CHINA
Inventor(s)
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.
