PURCHASE AND TRANSFER OF CRYPTOCURRENCY WITHOUT PREEXISTING WALLETS
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United States of America Patent
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Issued Date -
May 11, 2023
app pub date -
Nov 2, 2022
filing date -
Nov 2, 2021
priority date (Note) -
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Abstract
Systems and method for purchasing of and transferring of cryptocurrency without preexisting cryptocurrency wallets use a first server to receive from a user computing device, a user-selected amount of United States Dollars (USD) from to purchase an exchanged amount of cryptocurrency to transfer to a recipient. In response to receiving the desired amount of USD, the first server trades the received user-selected amount of USD from for a desired amount of a stablecoin at a second server and transfers the desired amount of stablecoin to an existing custodial wallet to be held for the benefit of the recipient at the second server.
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