| CPC G06Q 20/3278 (2013.01) [G06F 21/44 (2013.01); G06F 21/73 (2013.01); G06Q 20/1085 (2013.01); G06Q 40/02 (2013.01)] | 9 Claims |
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1. A wireless digital financial system, comprising a system server-ledger, wireless devices, each wireless device including a respective downloaded software application, and wherein:
a) the wireless devices are Internet enabled mobile phones, smartphones or tablets, each wireless device also including at least one or more different built-in low power short range radio transceivers, wherein each wireless device is, automatically upon download of the respective software application into the respective wireless device, configured to make the software application operable to access the respective wireless device's functions and enables the software application to be operable to communicate with the system server-ledger and with respective other software applications downloaded into any other nearby wireless device included in the system within short radio range; wherein any wireless device included in the system is automatically an authorized wireless device of the system upon download of a respective software module;
b) wherein each respective software application is operable when downloaded into the respective wireless device, such respective wireless device when in short range proximity is configured to communicate with another software application in another respective wireless device, wherein a new transaction can be initiated by the respective wireless device in response to receiving a manual instructions from a user of the respective wireless device requesting to be credited using the software application of the respective wireless device, and
c) wherein, in response, the software application of the respective wireless device auto generates a Unique Transaction Identifier (UTID1) and passes the relevant parameters to the other respective wireless device software application through a short-range radio communication channel between the respective wireless device and the other respective wireless device, and
d) wherein the relevant parameters are at least the UTID1, an amount to be credited, and a currency associated with the amount to be credited, and
e) wherein in response to the other respective wireless device receiving confirmation of acceptance from the user of the other respective wireless device of the amount in the currency to be debited to his account, then automatically
the software application of the other respective wireless device sends to the system server-ledger at the next opportunity a transaction request with at least the following parameters; UTID1, the amount, the currency, the identity of the user of the other respective wireless device, and
the software application of the respective wireless device sends to the system server-ledger at the next opportunity a transaction request with at least the following parameters; UTID1, the amount, the currency, the identity of the user of the respective wireless device, a Number of Debtors and
f) wherein upon receipt by the system server-ledger of the transactions requests with the same UTID1 from the user of the respective wireless device, the server-ledger is configured to execute each individual transaction when it receives the same transaction request per each user of other respective wireless devices that match the UTID1, the amount, and the currency;
wherein if the respective wireless device and the other respective wireless device are near to each other, at the time of initiation of a transaction, if one of the respective wireless device and the other respective wireless device has an internet connection and the other wireless device does not have an internet connection, then the software application of the wireless device with the internet connection is configured to automatically share an additional parameter through the short range low power transceiver, namely a one off random generated password of the hotspot activated by the wireless device with the internet connection through its software application, to the wireless device with no internet connection, through its software application, and to any other wireless devices participating in the same transaction if they have no internet connection, through their respective software applications, wherein the software applications of the wireless devices without internet connection are configured to then automatically connect to the hotspot of the wireless device with the internet connection, using the received password.
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