PEER-TO-PEER FOREIGN CURRENCY EXCHANGE BY USER UBERING
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United States of America Patent
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Issued Date -
Aug 18, 2022
app pub date -
Jul 21, 2020
filing date -
Jul 25, 2019
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Abstract
The present disclosure describes methods and systems for facilitating foreign currency exchange based on an online peer-to-peer transaction model with an automatic order matching algorithm with user confirmation. By ubering a pool of special users who are called “bankers”, the new forex system can make currency exchanges much easier and faster with better exchange rates, eliminating the need for cross-border remittances, removing regulation restrictions, and saving costs and long waiting time. This system also allows for ubering users to make commissions by serving the platform through trades, which incentivizes those users to be active and keep the platform running efficiently even if enough regular users aren't trading.
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