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1. AU2014101156 - New method for Banks & Financial institutions using crypto currency for savings & deposit taking. example Bankcoin mines/mints interest, mines/mints transaction fees, proof of stake, pos.

Office Australia
Application Number 2014101156
Application Date 18.09.2014
Publication Number 2014101156
Publication Date 02.10.2014
Publication Kind A4
IPC
G06Q 40/02
GPHYSICS
06COMPUTING; CALCULATING OR COUNTING
QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
40Finance; Insurance; Tax strategies; Processing of corporate or income taxes
02Banking, e.g. interest calculation, credit approval, mortgages, home banking or on-line banking
Applicants AAABlockchain Limited
Agents Taylor, Nina
Title
(EN) New method for Banks & Financial institutions using crypto currency for savings & deposit taking. example Bankcoin mines/mints interest, mines/mints transaction fees, proof of stake, pos.
Abstract
(EN)
The invention concerns cryptographic currency for use in the finance industry. More specifically the present invention relates to the provision of cryptographic currency by banking or other such financial institutions for their everyday products such as deposit and term deposit accounts etc. The financial institution then mints/mines the cryptographic currency up to a certain percentage to pay the interest on the account etc.