Importance

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Abstract

The present disclosure describes methods and systems for a new online cash withdrawal service based on a peer-to-peer transaction model. By ubering a pool of special users and allowing flexible transaction locations, the new methods and systems eliminate the need for banks and ATMs and allow people to withdraw real cash conveniently anytime and anywhere. The venues where the transactions are carried out can be any public or private places both parties agree upon. The cash can be provided by both registered businesses and individuals, as well as other entities. The present disclosure makes cash withdrawal a lot easier, at lower costs, and eliminates withdrawal limits and many existing constraints from banks and financial organizations. It further reduces cross-border cash withdrawal costs and waiting times. You can withdraw cash in an area in which you do not even have a bank account. 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 are not trading.

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First Claim