USING TOKENS IN DIGITAL WALLET TRANSACTIONS

A system and method for facilitating a value exchange transaction are provided. A request is received from a wallet application on a mobile device of a first user. The request indicates a transfer of a value to a second user. The value is associated with a source selected from a plurality of sources...

Ausführliche Beschreibung

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Hauptverfasser: LEVCHIN MAX R, NOSEK LUKE, BANISTER SCOTT, THIEL PETER
Format: Patent
Sprache:eng
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Beschreibung
Zusammenfassung:A system and method for facilitating a value exchange transaction are provided. A request is received from a wallet application on a mobile device of a first user. The request indicates a transfer of a value to a second user. The value is associated with a source selected from a plurality of sources associated with a user account of the first user. The plurality of values comprises monetary values and non-monetary values. A token from the wallet application is received. The transfer of the value is validated using the token.