Integrated Coin Counting Lottery Vending Machine with Cryptocurrency
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Solution Overview
Problem
Current lottery vending machines lack the capability to count coins and facilitate cryptocurrency transactions, limiting their functionality and space efficiency, and do not allow users to conveniently purchase lottery tickets using coins or cryptocurrencies.
Innovation Solution
A novel lottery vending machine with integrated coin counting and cryptocurrency transaction capabilities, featuring a coin receptacle, coin counter, cash deposit slot, ticket scanner, touch screen display, and connectivity to a central server and cryptocurrency exchange, enabling users to purchase lottery tickets, convert coins to cash or cryptocurrency, and combine coin counting with ticket purchasing.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If lottery vending machines only accept cash, then the machine structure remains simple, but users cannot conveniently purchase tickets using coins or cryptocurrencies
Solution Approach 1:
The patent combines multiple previously separate functions (coin counting, cash acceptance, lottery ticket vending, and cryptocurrency transactions) into a single integrated lottery vending machine system. The coin counter module, cash module, ticket dispensing module, and cryptocurrency processing module are merged into one unified device, allowing users to perform all these operations without needing separate machines.
Solution Approach 2:
The lottery vending machine is designed with multi-functionality to accept multiple types of payments (cash, coins, cryptocurrencies) and perform multiple operations (ticket purchase, coin counting, cryptocurrency transactions). The system can switch between different payment modes and functions based on user selection, making it a universal device that replaces several specialized machines.
2Ease of operation
If separate coin counting machine and lottery vending machine are used, then each machine can be optimized for its specific function, but space requirement increases and user convenience decreases
Solution Approach 1:
The patent merges the coin counting machine and lottery vending machine into a single integrated system. The coin counter module is combined with the ticket dispensing module, allowing both functions to be performed in one location. This eliminates the need for users to move between separate machines and reduces the total space required.
Solution Approach 2:
The integrated machine provides universal functionality by combining coin counting, cash acceptance, lottery ticket vending, and cryptocurrency transactions in one device. Users can perform all these operations without needing separate specialized machines, thereby reducing space requirements while maintaining full functionality.
3Productivity
If lottery vending machine adds coin counting and cryptocurrency capability, then user convenience and revenue increase, but device complexity and manufacturing cost increase
Solution Approach 1:
The lottery vending machine is designed with multi-functionality to accept multiple types of payments (cash, coins, cryptocurrencies) and perform multiple operations (ticket purchase, coin counting, cryptocurrency transactions). This universal design increases revenue potential by attracting more users while consolidating multiple functions into a single manufacturable platform.
Solution Approach 2:
The system is divided into distinct functional modules (coin counter module, cash module, ticket dispensing module, cryptocurrency processing module, control module) that can be independently developed and integrated. This modular segmentation makes manufacturing and assembly more manageable despite the increased overall complexity.
4Adaptability or versatility
If lottery vending machine accepts only cash, then the transaction processing is simple, but users with coins or cryptocurrency cannot conveniently purchase tickets
Solution Approach 1:
The lottery vending machine is designed with multi-functionality to accept multiple types of payments (cash, coins, cryptocurrencies) and perform multiple operations (ticket purchase, coin counting, cryptocurrency transactions). The system can switch between different payment modes and functions based on user selection, making it a universal device that replaces several specialized machines.
Solution Approach 2:
The control module acts as an intermediary that manages different payment methods and coordinates between various modules (coin counter, cash module, cryptocurrency processing). It standardizes the transaction processing by providing a unified interface for handling diverse payment types, thereby managing complexity centrally.
Data Source
AI summary
The present invention relates to a novel coin counting lottery vending machine with selective cryptocurrency support. The machine combines the functions of enabling users to buy lottery tickets using coins, cash and/or cryptocurrency and converting coins into cash or cryptocurrency. The machine includes a coin receptacle, a ticket scanner to check the winning status of a previously purchased ticket, a ticket slot for receiving play slips for draw tickets, a cash slot, a touch screen, and a dispensing tray. The machine can also be connected to a lottery provider server for checking status of a ticket and storing information about dispensed tickets. The machine can also be connected to a cryptocurrency exchange for performing cryptocurrency transactions.