Method and system for facilitating micropayments in a financial transaction system

This system manages a virtual currency for transactions between consumers and merchants. It stores virtual currency balances for both parties and transfers amounts when a purchase occurs. The system can also convert virtual currency into real money, or vice versa, either when a user requests it or when the virtual currency balance reaches a specific minimum real-money value.

Why it matters: Filed before the widespread adoption of diverse digital currencies and stablecoins. The infrastructure for managing virtual currency and converting it to real money is now far more robust and integrated, making such a system more practical and scalable.

Status: Not in forceListed as no longer active. The specific reason is not in the record we hold.
How hard to build: SpecializedHeavy software system, financial logic

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