US 12,243,039 B2
Virtual currency secured physical currency transmission system
Srivathsan Narasimhan, San Jose, CA (US); Yashovardhana Samethanahalli Kote, Fremont, CA (US); and Avik Chatterjee, Scottsdale, AZ (US)
Assigned to PAYPAL, INC., San Jose, CA (US)
Filed by PAYPAL, INC., San Jose, CA (US)
Filed on Oct. 29, 2021, as Appl. No. 17/515,331.
Application 17/515,331 is a continuation of application No. 15/289,672, filed on Oct. 10, 2016, granted, now 11,222,324.
Prior Publication US 2022/0051218 A1, Feb. 17, 2022
This patent is subject to a terminal disclaimer.
Int. Cl. G06Q 20/22 (2012.01); G06Q 20/06 (2012.01); H04L 9/32 (2006.01); H04L 9/00 (2022.01)
CPC G06Q 20/223 (2013.01) [G06Q 20/065 (2013.01); H04L 9/3236 (2013.01); G06Q 2220/00 (2013.01); H04L 9/50 (2022.05); H04L 2209/56 (2013.01)] 20 Claims
OG exemplary drawing
 
1. A method for transmitting physical currency, comprising:
accessing, by a provider device, a physical currency transfer request that indicates a physical currency amount and a recipient, the provider device configured to perform a transfer of the physical currency amount via cryptocurrency the recipient;
identifying, by the provider device, a delivery device associated with a certain physical currency deliverer that is a different device than a receiver device of the recipient;
identifying, by the provider device, a cryptocurrency address, that is controlled by the physical currency deliverer, associated with a cryptocurrency public ledger;
signing, by the provider device and using a provider private key that is stored in the provider device, a multi-signature transaction associated with a receiver private key that is stored at the receiver device, the multi-signature transaction indicating with the physical currency amount or a cryptocurrency amount for the physical currency amount; and
broadcasting, by the provider device, the multi-signature transaction signed using the provider private key and the receiver private key to cause a cryptocurrency amount to be transferred via the cryptocurrency public ledger to the cryptocurrency address.