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2. (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
G PHYSICS
06
COMPUTING; CALCULATING; COUNTING
Q
DATA 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
40
Finance; Insurance; Tax strategies; Processing of corporate or income taxes
02
Banking, e.g. interest calculation, credit approval, mortgages, home banking or on-line banking
Applicants: AAABlockchain Limited
Inventors:
Agents: Taylor, Nina
Priority Data:
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.