Pos Systems With Cryptocurrency Capabilities

Pos systems with cryptocurrency capabilities

A Point-Of-Sale (POS) terminal is equipped to process crypto currencies for transactions.

Proof-of-Stake (vs proof-of-work)

The POS terminal generates a transaction-based digital wallet for a given transaction to receive a crypto currency payment for that given transaction. The transaction-based digital wallet, funded with the crypto currency for the given transaction, is transferred to a retailer’s server where the crypto currency is transferred from the transaction-based digital wallet to a retailer’s digital wallet for eventual exchange to a government issued currency.


Source:USPTO

Name of Author: Aaron Lloyd Kelley

Pos systems with cryptocurrency capabilities