Importance

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Abstract

A method for currency exchange, comprising: providing, by an account management module, an account each for first and second entities, each account comprising a plurality of sub-accounts for a different currency; broadcasting a currency exchange rate between a first currency and second currency; receiving, at a transaction management module in communication with the account management module, a request from the second entity for an amount of the first currency in exchange for the second currency at the broadcasted rate; determining, by the transaction management module, an equivalent amount of the second currency at the broadcasted rate; debiting the determined amount of the second currency from the second entity, and crediting said amount to the first entity, by the account management module; and debiting the requested amount of the first currency from first entity and crediting said amount to the second entity, by the account management module.

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First Claim