Digital Currency Payment System with Automatic Balance Monitoring
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Solution Overview
Problem
Existing payment methods for digital currency do not facilitate continuous content consumption, requiring users to repeatedly perform electronic payments, which can be inconvenient and may lead to decreased consumer engagement.
Innovation Solution
An electronic payment method and system that automatically initiates payments based on pre-set conditions, allowing users to continuously purchase digital currency for content consumption without the need for frequent manual transactions.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If users perform manual electronic payments repeatedly to purchase digital currency, then payment accuracy is maintained, but user convenience deteriorates and content consumption continuity is disrupted
Solution Approach 1:
The system performs preliminary actions by automatically detecting when digital currency balance is insufficient and initiating payment processes before content consumption is interrupted. The server monitors balance levels and triggers payments based on pre-set conditions, eliminating the need for users to manually check balances and initiate payments repeatedly.
Solution Approach 2:
The payment system operates autonomously by automatically detecting balance conditions and executing payments without requiring user intervention. The server itself manages the payment process by monitoring digital currency balances and initiating transactions when thresholds are reached, making the system self-sufficient in managing content consumption payments.
2Ease of operation
If automatic payment systems are implemented to improve user convenience, then ease of operation improves, but system complexity increases
Solution Approach 1:
The server acts as an intermediary between the user account and payment processing systems. It monitors digital currency balances, detects when thresholds are reached, and automatically initiates payments through integrated payment gateways. This intermediary approach centralizes control logic in the server, keeping the user-facing interface simple while handling complexity backend.
3Duration of action of stationary object
If manual payment processes are used, then system complexity remains low, but content consumption continuity deteriorates
Solution Approach 1:
The system implements continuous feedback mechanisms by monitoring digital currency balances in real-time and comparing them against pre-set thresholds. When balances fall below thresholds, the system automatically triggers payment processes. This feedback loop ensures uninterrupted content consumption while maintaining manageable system complexity through rule-based automation.
Data Source
AI summary
A payment method for purchase of digital currency includes receiving selection information for selecting a specific payment type among a plurality of different payment types related to digital currency, in relation to a user account; registering a payment condition corresponding to the specific payment type to the user account by using the selection information; and starting an electronic payment process to purchase the digital currency for the user account in response to occurrence of a payment event related to the payment condition at the user account.