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Digital currency-based cross-border payment and clearing system and cross-border payment method

A digital currency and cross-border technology, applied in the fields of finance, Internet finance, Internet and digital currency, it can solve the problems of prolonged cross-border payment time, high risk, slow speed, etc., to avoid the risk of price fluctuations, reduce operating costs, The effect of low trading risk

Pending Publication Date: 2015-03-04
朱锐泷
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

[0004] However, the payment of traditional legal currency, especially cross-border payment, is extremely slow, the time required is usually calculated in working days, and the cost is very high
However, if digital currency is used directly, payment companies are often required to set up branches around the world, otherwise the risk is extremely high
At the same time, in order to avoid mistakes, the payment company always waits for the digital currency to be confirmed before making the payment. On the one hand, the cross-border payment time is often prolonged, and on the other hand, the extended time often leads to additional risks caused by digital currency price fluctuations will increase

Method used

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Examples

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Embodiment Construction

[0038] When customer A in country A needs to make a cross-border payment of US$5,000 to the designated account of bank B in country B through payment company A in country A, assuming that the market price of a certain digital currency at that time is US$100, then A typical cross-border payment process through a cross-border payment clearing and clearing system includes the following steps:

[0039] 1. Customer A places an order and entrusts Company A to carry out a cross-border payment business;

[0040] 2. When customer A places an order, the cross-border payment settlement system searches for members of the cross-border payment settlement system in country B based on the order information, such as the destination country of payment, the bank and account receiving the payment, the payment currency, and amount, etc. And based on information such as each member's deposit, transaction volume, whether they have an account in Bank B, etc., it will automatically find and match Comp...

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PUM

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Abstract

The invention relates to a cross-border payment and clearing system which can accomplish payment and clearing based on digital currency and rival operation of memberships. According to the cross-border payment and clearing system, legal tender is converted into digital currency, and rival operation for membership companies of payment target countries is performed, and therefore, high-speed and low-cost cross-border payment can be realized; locking, release and compensation operation of margins are utilized, so that transaction risks can be reduced. With the cross-border payment and clearing system adopted, cross-border payments can be completed quickly, and additional risks caused by digital currency price fluctuations can be avoided. The cross-border payment and clearing system can be widely applied to fields such as international trade and cross-border E-commerce.

Description

technical field [0001] The present invention relates to a cross-border payment clearing system based on digital currency / virtual currency and a cross-border payment method using the clearing system. The innovation and upgrading of environmental payment methods involves the fields of finance, Internet and digital currency, especially the field of Internet finance. Background technique [0002] At present, the digital currency represented by Bitcoin has become one of the most cutting-edge achievements of the Internet. Its biggest feature is that it is invisible, but it is quantitative. Its issuance and circulation are based on software wallets, not banks, and it does not exist in the form of cash at all, but only exists in the form of information on the Internet. It seems untouchable, but it can be ubiquitous through the Internet. [0003] It is based on the wallet and inherently exists in digital form, so the payment transfer of digital currency is convenient and fast, and t...

Claims

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Application Information

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Patent Type & Authority Applications(China)
IPC IPC(8): G06Q20/08G06Q20/38
CPCG06Q20/0855G06Q20/381G06Q20/38G06Q20/06G06Q20/065G06Q20/3674G06Q20/3678G06Q20/108G06Q20/023
Inventor 朱锐泷
Owner 朱锐泷
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