US Patent:
20170148015, May 25, 2017
Inventors:
- Armonk NY, US
Kristina E. Jones - Dallas TX, US
Hung Tack Kwan - Grand Prairie TX, US
Shiju Mathai - Carrollton TX, US
International Classification:
G06Q 20/38
G06Q 20/32
G06Q 20/40
Abstract:
Embodiments of the invention provide for a location aware trust based currency exchange. A method for location aware trust based currency exchange includes receiving in a mobile device on behalf of an end user a request to conduct a peer-to-peer currency exchange transaction. A database is then queried for a listing of partners geographically proximate to a location indicated by the request, the listing including both a trust value for each of the partners indicative of a trustworthiness for a corresponding one of the partners and also an exchange rate offered for each of the partners. The listing is then displayed in the mobile device. Finally, in response to the end user selecting one of the partners in the listing, a message is transmitted to the selected one of the partners indicating a desire by the end user to conduct the peer-to-peer currency exchange transaction.