A System And Method Of Processing Transactions From Crypto Wallets

Abstract: A computer-implemented method of processing a transaction using cryptocurrency, the method comprising: receiving (512) an authorisation request from a merchant (2) in respect of the transaction, the authorisation request containing a consumer token, the consumer token representing a tokenised crypto identifier associated with a consumer account (406) at a crypto wallet entity (400); detokenizing (514) the consumer token to recover the crypto identifier; determining the crypto wallet entity associated with the crypto identifier; forwarding (516) the authorisation request and crypto identifier to the crypto wallet entity; receiving (520) a transaction approval message from the crypto wallet entity; forwarding (524) the transaction approval message to an acquirer and sending (532) a settlement advice message to a settlement bank (416) to settle the transaction between the crypto wallet entity (400) and the acquirer (3).

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