SECURELY AND INSTANTLY CONVERTING DIGITAL WALLET VALUE TO PHYSICAL GOLD BULLION

摘要

Disclosed is a system related to a software platform that implements an algorithm for facilitating an instant and secure digital value transaction within a network. The digital wallet value of user(s) is converted into a virtual currency and the consolidated pricing feed of the gold bullion counterparties are computed. Further, the converted virtual currency is matched with the consolidated pricing feed of the gold bullion counterparties and based on the matching criteria an invoice can be generated for the user to purchase the gold. The generated invoice is further confirmed or secured by performing multiple signatures from different stake holders involved in the digital value transaction. Different stakeholders involved in the transaction include a server implementing the algorithm, users interested in digital value transaction, and the network through which the transaction happens. The completed digital value transaction is published on the communication device for the user to purchase gold.

主权项

1. A computing system method for facilitating security for a digital value transaction, comprising:
receiving, with a user interface module of a computing system, input from a user initiating a transaction to convert digital currency to gold; receiving, with a price feed aggregating module of the computing system, a price of gold associated with a counterparty that deals in gold; determining, with a digital value conversion module of the computing system, an amount of digital currency to be converted to a quantity of gold based on the price of gold, the amount digital currency being stored in a digital wallet associated with a user, the quantity of gold being based on the amount of digital currency and the price of gold; receiving, with the user interface module of the computing system, a confirmation from the user to convert the amount of digital currency to the quantity of gold; and converting, with a payment processor module, the amount of digital currency to the quantity of gold by transferring the amount of digital currency from the digital wallet to the counterparty.