Patent ID: 11922406
Assignee: WELLS FARGO BANK, N.A.
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 9:
10. A user device, comprising:
a processing circuit comprising a processor and a memory, the memory structured to store instructions that are executable and cause the processor configured to:
provide a customer request associated with a customer, wherein the customer request is a request for a currency transfer between a customer account of the customer associated with a customer provider system to a recipient account of a recipient associated with a recipient provider system, wherein the customer account is associated with a first type of currency and the recipient account is associated with a second type of currency;
present a locked-in exchange rate for a time limit and data corresponding to the exchange rate and the time limit;
exchange an amount of the first type of currency for an amount of the second type of currency based on the exchange rate; and
receive an indication of a transferred amount for a currency transfer from a wallet application associated with the customer account to the recipient account held by the recipient provider system via an omnibus account held by the recipient provider system based on executing a smart contract on a distributed ledger, wherein the distributed ledger is shared between the customer provider system and the recipient provider system, wherein the currency transfer is performed using transform information extracted from the customer request using keyword searching.