Peer-To-Peer Payment System

Abstract

The present invention relates to a computer implemented method of effecting peer to peer payments between a payer account and a payee account. The method comprises receiving, from a payee device at a payer device associated with a payer account, a payment request message indicating a transaction amount, where the payer account includes tokens corresponding to a monetary value, and sending, from the payer device to the payee device, a message including one or more of the tokens together corresponding to a monetary value equal to the transaction amount. At a later point in time, the payer device connects to a blockchain network server and sends a message to record the sending of the one or more of the tokens on a blockchain ledger maintained by the blockchain network server.

CPC Classifications