SYSTEM AND METHOD FOR TRUSTED ALTERNATE CURRENCY NEGOTIATION AND SETTLEMENT

摘要

A method and system for processing alternate currency transactions are provided. A first data structure is received; the first data structure being representative of an alternate currency object presented for redemption, and containing encoded information. The encoded information is decoded. Upon decoding, an identifier of the alternate currency object is obtained. The alternate currency object is authenticated by processing the identifier of the alternate currency object. Upon authenticating, a second data structure is constructed; the second data structure reflective of the authenticated alternate currency object. Providing the second data structure to at least one financial transaction system for clearance and settlement.