Patent ID: 11954732
Assignee: MONEYGRAM INTERNATIONAL, INC.
Field: IT methods for management (Electrical engineering)
Classification: CPC G  H | IPC G

Claim 0:
1. A method, performed by a set of computing resources disposed on a network, for conducting a money transfer request by evaluating a plurality of cryptocurrency exchanges, the method comprising:
configuring a request for a money transfer via a computer interface;
funding the money transfer request;
verifying the money transfer request with regulatory compliance rules;
selecting a first cryptocurrency exchange and a second cryptocurrency exchange by
crawling websites corresponding to the plurality of cryptocurrency exchanges by at least one autonomous bot in order to monitor and store volatility data for a plurality of cryptocurrency exchanges;
analyzing the stored volatility data to generate one or more risk forecasts indicating risks associated with purchasing cryptocurrency through each of the cryptocurrency exchanges;
determining a first transaction factor indicating a loss forecast based on the one or more risk forecasts;
determining a second transaction factor indicating a time to complete a cryptocurrency transaction for each of the cryptocurrency exchange in the plurality of cryptocurrency exchanges;
determining a third transaction factor indicating costs required to complete a cryptocurrency transaction for each of the cryptocurrency exchange in the plurality of cryptocurrency exchanges;
weighting the first, second, and third transaction factor according to a predetermined amount;
selecting the first cryptocurrency exchange based on the weighted first, second, and third transaction factors; and
selecting the second cryptocurrency exchange based on the weighted first, second, and third transaction factors;

purchasing a first quantity of cryptocurrency from the first cryptocurrency exchange;
sending the first amount of cryptocurrency to the second exchange;
selling the first quantity of cryptocurrency at the second exchange;
withdrawing proceeds from a sale of the first quantity of cryptocurrency;
funding a receive transaction with the proceeds from the sale of the first quantity of cryptocurrency; and
providing funds to a receiving party.