System and method for creating digital currency
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United States of America Patent
Stats
-
Sep 16, 2008
Grant Date -
Jun 7, 2007
app pub date -
Apr 7, 2006
filing date -
Dec 7, 2005
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
A system and method for creating digital currency has a first automated teller machine operably connected to a central computer. A program initiated on the first automated teller machine with an initiation button functions to enable the first automated teller machine to receive physical currency with a currency scanner, to determine a sum of currency. The program then signals the central computer to create an account in a database, and to create a unique alphanumeric code associated with the account. The account includes the sum of currency. The unique alphanumeric code includes a first portion that includes the sum of currency in digital form, and a second portion that is random or user determined.
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