US 12,136,075 B2
Allocation of transaction proceeds
Michael Tomkins, Oakland, CA (US); Benjamin VandenBos, Bend, OR (US); and Jeremy Mawson, Elanora (AU)
Assigned to Block, Inc., Oakland, CA (US)
Filed by Block, Inc., San Francisco, CA (US)
Filed on Oct. 13, 2021, as Appl. No. 17/500,444.
Application 17/500,444 is a continuation of application No. 17/218,866, filed on Mar. 31, 2021, granted, now 11,176,531.
Prior Publication US 2022/0318775 A1, Oct. 6, 2022
Int. Cl. G06Q 20/20 (2012.01); G06N 20/00 (2019.01); G06Q 20/00 (2012.01); G06Q 20/22 (2012.01); G06Q 20/36 (2012.01); G06Q 20/38 (2012.01)
CPC G06Q 20/204 (2013.01) [G06N 20/00 (2019.01); G06Q 20/223 (2013.01); G06Q 20/3674 (2013.01); G06Q 20/3829 (2013.01)] 20 Claims
OG exemplary drawing
 
1. A payment service comprising one or more computing devices, the one or more computing devices configured to:
receive, from a user device associated with a first user, an indication of a preference of the first user associated with allocation of proceeds received by the first user in association with one or more payment authorization requests;
receive, via a payment application executing on the user device, a payment authorization request of the one or more payment authorization requests, wherein the payment authorization request is associated with one or more transactions between the first user and a second user;
determine, based at least in part on the preference of the first user, a first portion of proceeds received by the first user in association with the payment authorization request to be allocated for deposit into a cryptocurrency wallet of the first user;
determine, based at least in part on the preference of the first user, a second portion of the proceeds received by the first user in association with the one or more payment authorization request to be allocated for deposit as fiat currency into a user account of the first user; and
cause (i) the first portion of the proceeds to be deposited as cryptocurrency into the cryptocurrency wallet and (ii) the second portion of the proceeds to be deposited as fiat currency into the user account, wherein the user account is associated with the cryptocurrency wallet in a data store maintained by the payment service.