EFFICIENT, ACCURATE, AND SECURE PROCESSING OF DIGITAL ASSET CONVERSION TO FIAT CURRENCY

Various embodiments of the present disclosure are generally directed to processing conversions of digital assets to fiat currency. An example method includes obtaining a conversion rate for a digital asset via an API, providing the conversion rate via a client device, receiving a digital asset conve...

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Hauptverfasser: Pittelkau, Jeffrey Scott, Cooper, Brian Daniel, Kumar, Deepak, Agarwal, Utkarsh, Devarasetty, Balaji, Saucier, Stephen Paul, Jaiswal, Anil, Petersen, Christopher Michael, Revnes, Joseph Arthur, Lakshmanan, Bharath, Kuchlein, Tim, Jeon, Byungkwon, Sagar, Yamini Bistesh, Cabrera, Nicolas Frederic, Matthau, William, Linsteadt, Nikolais, Bryant, William Andrew
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creator Pittelkau, Jeffrey Scott
Cooper, Brian Daniel
Kumar, Deepak
Agarwal, Utkarsh
Devarasetty, Balaji
Saucier, Stephen Paul
Jaiswal, Anil
Petersen, Christopher Michael
Revnes, Joseph Arthur
Lakshmanan, Bharath
Kuchlein, Tim
Jeon, Byungkwon
Sagar, Yamini Bistesh
Cabrera, Nicolas Frederic
Matthau, William
Linsteadt, Nikolais
Bryant, William Andrew
description Various embodiments of the present disclosure are generally directed to processing conversions of digital assets to fiat currency. An example method includes obtaining a conversion rate for a digital asset via an API, providing the conversion rate via a client device, receiving a digital asset conversion request and executing a digital asset conversion within a configurable time period. Executing the digital asset conversion includes causing digital asset units to be debited from the digital asset user account and causing fiat currency units to be credited to a fiat currency user account. The method further includes dynamically providing a notification of execution of the digital asset conversion via the client device, updating account balance data objects associated with the digital asset user account and the fiat currency user account, and subsequent to executing the digital asset conversion, executing a fiat currency transaction (e.g., a settlement) with a digital asset exchange system.
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subjects CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
title EFFICIENT, ACCURATE, AND SECURE PROCESSING OF DIGITAL ASSET CONVERSION TO FIAT CURRENCY
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