NOVATTI GROUP LIMITED (20240232823). SECURE AND COMPLIANT MULTI-CRYPTOCURRENCY PAYMENT GATEWAY simplified abstract
Contents
SECURE AND COMPLIANT MULTI-CRYPTOCURRENCY PAYMENT GATEWAY
Organization Name
Inventor(s)
Nalaka Gooneratne of Melbourne, Victoria (AU)
Prasan Fernando of Melbourne, Victoria (AU)
Kian Jackson of Melbourne, Victoria (AU)
SECURE AND COMPLIANT MULTI-CRYPTOCURRENCY PAYMENT GATEWAY - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240232823 titled 'SECURE AND COMPLIANT MULTI-CRYPTOCURRENCY PAYMENT GATEWAY
The abstract describes a secure multi-cryptocurrency payment gateway that allows customers to select a cryptocurrency exchange through various interfaces, including a login URL, a QR payment code, or a token system for authorization and balance retrieval.
- Secure multi-cryptocurrency payment gateway
- Customer interface for selecting cryptocurrency exchange
- Options include login URL, QR payment code, and token system
- Token system allows authorization and balance retrieval
- Enhances security and convenience for cryptocurrency transactions
Potential Applications: - E-commerce platforms - Online retail stores - Cryptocurrency exchanges - Payment processing services
Problems Solved: - Security concerns in cryptocurrency transactions - Simplifying the process of selecting cryptocurrency exchanges - Providing a seamless payment experience for customers
Benefits: - Enhanced security for cryptocurrency transactions - Streamlined payment process - Increased convenience for customers - Improved transparency in transaction history
Commercial Applications: Title: "Secure Multi-Cryptocurrency Payment Gateway for Seamless Transactions" This technology can be utilized by e-commerce platforms, online retailers, and payment processing services to offer secure and convenient cryptocurrency payment options to their customers, thereby expanding their customer base and increasing transaction efficiency.
Prior Art: Further research can be conducted in the field of secure payment gateways and cryptocurrency transactions to explore existing technologies and innovations related to this multi-cryptocurrency payment gateway.
Frequently Updated Research: Stay updated on advancements in secure payment gateways, cryptocurrency technologies, and blockchain innovations to enhance the functionality and security of the multi-cryptocurrency payment gateway.
Questions about the Secure Multi-Cryptocurrency Payment Gateway: 1. How does the token system enhance security in cryptocurrency transactions? The token system allows customers to authorize transactions and retrieve balance information securely, reducing the risk of unauthorized access to their cryptocurrency wallets.
2. What are the potential implications of this technology for the future of online payments? This technology could revolutionize online payment systems by providing a secure and efficient way to conduct transactions using multiple cryptocurrencies, catering to the growing demand for digital payment options.
Original Abstract Submitted
a secure multi-cryptocurrency payment gateway is provided. an interface is provided to a customer to select the cryptocurrency exchange may include a login uniform resource locator (url) of a cryptocurrency exchange. alternatively, the interface provided to the customer to select the cryptocurrency exchange may include a quick response (qr) payment code for the cryptocurrency exchange. alternatively, the interface provided to the customer to select the cryptocurrency exchange can include a first further token that includes the token representing the payment request, the first further token allows the customer to authorize the cryptocurrency exchange to send the payment gateway a second further token including the first further token that allows the payment gateway to retrieve a balance amount and a transaction history of the cryptocurrency wallet of the customer.
