Claims:We claim:
1 A novel apparatus (100) for converting virtual currency into real currency comprising:
a device (110) for depositing or withdrawal of real money, a screen (120) for display of instructions and entering the registration details validated by using the electronic wallet company;
a scanner (140) for scanning the iris, a scanner (150) for scanning finger prints, a camera (160) for capturing face picture of the user, a cooling fan (170) for maintaining temperature of the apparatus.
wherein the apparatus (100) is capable of being in operative communication with the electronic wallet company by means of the authentication server of the electronic wallet company to verifying the user’s biometric identity details by matching the data entered by means (140, 150, 160) with the user’s details registered the authentication service providing channel of the electronic wallet company to withdraw real money from virtual money electronic wallet or to deposit real money into virtual money electronic wallet.
wherein the apparatus (100) is capable of being in operative communication with the electronic wallet company by means of the authentication server of the electronic wallet company to verifying the user’s identity by matching the data entered by means of the screen (120) with the user’s details registered with the electronic wallet company to transfer virtual money from one electronic wallet to another electronic wallet

2. The apparatus (100) as claimed in claim 1, wherein the electronic wallet company may be telecom, E-commerce, E-Wallet Companies, Airlines, Railways and the like companies.
3. The apparatus (100) as claimed in claim 1, wherein the screen (120) may be touch screen.
4. A method for converting virtual currency into real currency with built in user’s identity verification mechanism capable of biometric verification of the user using the apparatus (100) comprising the steps of:
a)User logging into the apparatus (100) by means of the screen (120) with the identity details registered to electronic-wallet and capturing the biometric data of the user by means of the iris scanner (140), by means of the finger print scanner (150) and by means of the a camera (160) for capturing face picture ;
b) sending the authentication request for User’s biometric identity details entered by the user and captured by the means (140, 150, 160) in step (a) by means of the apparatus (100) to the authentication server of the electronic wallet companies that sends a onetime password (OTP) to User’s registered mobile number and authenticating the user’s details by entering OTP into the apparatus (100),
c) upon authentication of user’s identity details, choosing the option (1) to withdraw money or option (2) deposit money or option (3) transfer money from one electronic wallet to another electronic wallet.
d)if choosing option (1), entering the virtual money value and sending the verification request for the entered money value to the electronic wallet companies that sends a onetime password (OTP) to User’s registered mobile number and verifying the money value by entering OTP into the apparatus (100) and dispensing the real money.

e) if choosing option (2), selecting the one electronic wallet to which real money is to be deposited and then depositing the real money by means of a device (110) and getting the deposit receipt by means of the device.
f)if choosing option (3), then
(i)selecting first electronic wallet from which money value is to be transferred;
(ii)selecting money value;
(iii)selecting second electronic wallet to which the virtual money value is to be transferred;
(iv)sending the verification request for the entered money value which is to be transferred to the first electronic wallet company that sends a onetime password (OTP) to User’s registered mobile number and verifying the virtual money value by entering OTP into the apparatus (100) and transferring the virtual money value.

5. The method as claimed in claim4, wherein the authentication server is a third party central database or in-built database of biometric data having pre-stored biometric data of the user selected by the electronic wallet company.
6. The method as claimed in claim4, wherein the real money filling in the apparatus (100) is done by CIT (Cash in Transit) companies assigned by the E-wallet Company or is done by the E-wallet Company.

claims
The following specification particularly describes the invention and the manner in which it is to be performed.
FIELD OF THE INVENTION
The present invention relates to an apparatus, system and methods for exchange of virtual currency into real currency. More particularly, the present invention relates to an apparatus, system and methods for exchange of virtual currency and real currency with built in user’s identity verification mechanism capable of biometric verification of the user for authentication of the user.
BACKGROUND OF THE INVENTION
Credit cards, debit cards, and gift cards have supplemented cash in facilitating purchase transactions. Such forms of payment are used extensively in online purchase transactions, where direct exchange of cash is usually not practical.
Generally, the E-Wallet known in the prior art provides customers with an electronic wallet application that can be downloaded onto a customer's desktop. The wallet makes online shopping fast, easy and convenient. These E-Wallet platforms provide the users with a seamless platform to conduct transactions.
The consumers sited security as their highest priority area of interest when shopping online. An e-Wallet provides customers with a safer and more convenient way to shop online by allowing a user to enter and store security information in computer memory. Such security information may include passwords, frequent flier numbers and loyalty card numbers.
There is no system exists that converts their virtual currency into real currency. More particularly, no system exists that convert virtual currency into real currency with built in user’s identity verification mechanism capable of biometric verification of the user.
Further, recent advances in computer technology have made possible more reliable identity verification methods. In particular, it has been previously proposed to use biometrics information as a means of verifying the identity of user. For example, fingerprint analysis, in particular, has been used for many years as an identification tool, and a variety of devices are available to allow a person to place his or hand on a plate and capture the fingerprints in digital electronic form.
Further, biometric indicia have also been used for automated identification of humans. The use of biometric indicia for identification purposes requires that a particular biometric factor be unique for each individual, that it be readily measured, and that it would be invariant over time. Although many indicia have been proposed over the years, fingerprints are perhaps the most familiar example of a successful biometric identification scheme. As is well known, no two fingerprints are the same, and they do not change except through injury or surgery. It is equally clear, however, that identification through fingerprints suffers from the significant drawback of requiring physical contact with the person.
A biometric indicator that has been largely ignored by the art is the iris. The iris of every human eye has a unique texture of high complexity, which proves to be essentially immutable over a person's life. No two irises are identical in texture or detail, even in the same person. The richness, uniqueness, and immutability of iris texture, as well as its external visibility, make the iris suitable for automated and highly reliable personal identification. The registration and identification of the iris can be performed using a video camera without any physical contact, automatically and unobtrusively.
By comparison, other biometrics such as signatures, photographs, fingerprints, voice prints, and retinal blood vessel patterns all have significant drawbacks. Although signatures and photographs are cheap and easy to obtain and store, they are impossible to identify automatically with assurance, and are easily forged. Electronically recorded voice prints are susceptible to changes in a person's voice, and they can be counterfeited. Fingerprints or hand prints require physical contact, and they also can be counterfeited and marred by artefacts.
In order to overcome the drawbacks of the prior art, the invention provides a novel apparatus, system and methods for an apparatus, system and methods for converting virtual currency into real currency with built in user’s identity verification mechanism capable of biometric verification of the user
OBJECT OF THE INVENTION
An object of the present invention is to provide an apparatus, system and methods for converting virtual currency into real currency, for converting real currency into virtual currency and transferring virtual money from one electronic wallet to another electronic wallet with built in user’s identity verification mechanism capable of biometric verification of the user.

SUMMARY OF THE INVENTION
The present invention provides a novel apparatus (100) for converting virtual currency into real currency comprising:
a device (110) for depositing or withdrawal of cash, a screen (120) for display of instructions and entering the registration details validated by using the electronic wallet company;
a scanner (140) for scanning the iris, a scanner (150) for scanning finger prints, a camera (160) for capturing face picture of the user, a cooling fan (170) for maintaining temperature of the apparatus,

wherein the apparatus (100) is capable of being in operative communication with the electronic wallet company by means of the authentication server of the electronic wallet company to verifying the user’s biometric identity details by matching the data entered by means (140, 150, 160) with the user’s details registered the authentication service providing channel of the electronic wallet company to withdraw real money from virtual money electronic wallet or to deposit real money into virtual money electronic wallet.

wherein the apparatus (100) is capable of being in operative communication with the electronic wallet company by means of the authentication server of the electronic wallet company to verifying the user’s identity by matching the data entered by means of the screen (120) with the user’s details registered with the electronic wallet company to transfer virtual money from one electronic wallet to another electronic wallet

The present invention also provides a method for converting virtual currency into real currency with built in user’s identity verification mechanism capable of biometric verification of the user using the apparatus (100) comprising the steps of:

a) User logging into the apparatus (100) by means of the screen (120) with the identity details registered to electronic-wallet and capturing the biometric data of the user by means of the iris scanner (140), by means of the finger print scanner (150) and by means of the a camera (160) for capturing face picture ;
b) Sending the authentication request for User’s biometric identity details entered by the user and captured by the means (140, 150, 160) in step (a) by means of the apparatus (100) to the authentication server of the electronic wallet companies that sends a one time password (OTP) to User’s registered mobile number and authenticating the user’s details by entering OTP into the apparatus (100),

c) Upon authentication of user’s identity details, choosing the option (1) to withdraw money or option (2) deposit money or option (3) transfer money from one electronic wallet to another electronic wallet.

d) If choosing option (1), entering the virtual money value and sending the verification request for the entered money value to the electronic wallet companies that sends a onetime password (OTP) to User’s registered mobile number and verifying the money value by entering OTP into the apparatus (100) and dispensing the real money.

e) If choosing option (2), selecting the one electronic wallet to which real money is to be deposited and then depositing the real money by means of a device (110) and getting the deposit receipt

f) If choosing option (3), then
(i) selecting first electronic wallet from which money value is to be transferred;
(ii) selecting money value;
(iii) selecting second electronic wallet to which the virtual money value is to be transferred;
(iv) sending the verification request for the entered money value which is to be transferred to the first electronic wallet company (please verify) that sends a onetime password (OTP) to User’s registered mobile number and verifying the virtual money value by entering OTP into the apparatus (100) and transferring the virtual money value.

BRIEF DESCRIPTION OF FIGURES
Figure 1 depicts the components and parts of the apparatus (100) of the present invention;

Figure 2 depicts the front view of the apparatus (100) of the present invention;

Figure 3 depicts the back and side view of the apparatus (100) of the present invention;

Figure 4 depicts the top view of the apparatus (100) of the present invention;

Figure 5 is a flow chart of a method for registration of new customer;

Figure 6 is a flow chart of a method to withdraw real money from virtual money electronic wallet;
Figure 7 is a flow chart of a method to deposit real money into virtual money electronic wallet;
Figure 8 is a flow chart of a method to transfer virtual money from one electronic wallet to another electronic wallet.

DETAILED DESCRIPTION OF THE INVENTION
The present invention is to provide an apparatus, system and methods for converting virtual currency into real currency, for converting real currency into virtual currency and transferring virtual money from one electronic wallet to another electronic wallet with built in user’s identity verification mechanism capable of biometric verification of the user.

In one aspect, the present invention provides a novel apparatus (100) for converting virtual currency into real currency comprising:
a device (110) for depositing or withdrawal of real money, a screen (120) for display of instructions and entering the registration details validated by using the electronic wallet company;
a scanner (140) for scanning the iris, a scanner (150) for scanning finger prints, a camera (160) for capturing face picture of the user, a cooling fan (170) for maintaining temperature of the apparatus,

wherein the apparatus (100) is capable of being in operative communication with the electronic wallet company by means of the authentication server of the electronic wallet company to verifying the user’s biometric identity details by matching the data entered by means (140, 150, 160) with the user’s details registered the authentication service providing channel of the electronic wallet company to withdraw real money from virtual money electronic wallet or to deposit real money into virtual money electronic wallet.

wherein the apparatus (100) is capable of being in operative communication with the electronic wallet company by means of the authentication server of the electronic wallet company to verifying the user’s identity by matching the data entered by means of the screen (120) with the user’s details registered with the electronic wallet company to transfer virtual money from one electronic wallet to another electronic wallet

The electronic wallet company may be telecom, E-commerce, E-Wallet Companies, Airlines, Railways and the like companies.

The screen (120) may be touch screen

The apparatus (100) of the present invention is shown in Figure 1. Figure 2 depict the front view of the apparatus (100), Figure 3 depicts the back and side view of the apparatus (100), Figure 4 depicts the top view of the apparatus (100) of the present invention;

As shown in Figure 1, the present invention provides an apparatus(100) comprising a device (110) for depositing or withdrawal of cash, a screen (120) for display of instructions and entering the registration details validated by using the electronic wallet company;
a scanner (140) for scanning the iris, a scanner (150) for scanning finger prints, a camera (160) for capturing face picture of the user, a cooling fan (170) for maintaining temperature of the apparatus

In another aspect, the present invention provides a method for converting virtual currency into real currency with built in user’s identity verification mechanism capable of biometric verification of the user using the apparatus (100) comprising the steps of:

g) User logging into the apparatus (100) by means of the screen (120) with the identity details registered to electronic-wallet and capturing the biometric data of the user by means of the iris scanner (140), by means of the finger print scanner (150) and by means of the a camera (160) for capturing face picture ;
h) Sending the authentication request for User’s biometric identity details entered by the user and captured by the means (140, 150, 160) in step (a) by means of the apparatus (100) to the authentication server of the electronic wallet companies that sends a onetime password (OTP) to User’s registered mobile number and authenticating the user’s details by entering OTP into the apparatus (100),

i) Upon authentication of user’s identity details, choosing the option (1) to withdraw money or option (2) deposit money or option (3) transfer money from one electronic wallet to another electronic wallet.

j) If choosing option (1), entering the virtual money value and sending the verification request for the entered money value to the electronic wallet companies that sends a onetime password (OTP) to User’s registered mobile number and verifying the money value by entering OTP into the apparatus (100) and dispensing the real money.

k) If choosing option (2), selecting the one electronic wallet to which real money is to be deposited and then depositing the real money by means of a device (110) and getting the deposit receipt

l) If choosing option (3), then
(v) selecting first electronic wallet from which money value is to be transferred;
(vi) selecting money value;
(vii) selecting second electronic wallet to which the virtual money value is to be transferred;
(viii) sending the verification request for the entered money value which is to be transferred to the first electronic wallet company that sends a onetime password (OTP) to User’s registered mobile number and verifying the virtual money value by entering OTP into the apparatus (100) and transferring the virtual money value.

The authentication server may be a third party central database or in-built database of biometric data having pre-stored biometric data of the user selected by the electronic wallet company.

The real money filling in the apparatus (100) may be done by CIT (Cash In Transit) companies assigned by the E-wallet Company or may be done by the E-wallet Company.

As shown in Figure 6, the user logs into the apparatus (100) by means of the screen (120) with the identity details registered to electronic-wallet and the apparatus (100) sends the authentication request for User’s biometric identity details entered by the user to the authentication server of the electronic wallet companies that sends a onetime password (OTP) to User’s registered mobile number and authenticate the user’s details by entering OTP into the apparatus (100).

With reference to figure 7, the user logs into the apparatus (100) by means of the screen (120) with the identity details registered to electronic-wallet and the apparatus (100) captures the biometric data of the user by means of the iris scanner (140), by means of the finger print scanner (150) and by means of the a camera (160) for capturing face picture and then send the authentication request for User’s biometric identity details entered by the user and captured by the means (140, 150, 160) of the apparatus (100) to the authentication server of the electronic wallet companies that sends a onetime password (OTP) to User’s registered mobile number and then the user enters the OTP into the apparatus (100) and the user’s details are authenticated.

Further, upon authentication of user’s identity details, the user choose the option to withdraw money and enters the virtual money value and the apparatus (100) sends the verification request for the entered money value to the electronic wallet companies that sends a onetime password (OTP) to User’s registered mobile number and then the user enters the OTP into the apparatus (100) and then verification is done and the real money is dispensed.

With reference to figure 8, the user logs into the apparatus (100) by means of the screen (120) with the identity details registered to electronic-wallet and the apparatus (100) captures the biometric data of the user by means of the iris scanner (140), by means of the finger print scanner (150) and by means of the a camera (160) for capturing face picture and then send the authentication request for User’s biometric identity details entered by the user and captured by the means (140, 150, 160) of the apparatus (100) to the authentication server of the electronic wallet companies that sends a onetime password (OTP) to User’s registered mobile number and then the user enters the OTP into the apparatus (100) and then the user’s details are authenticated.

Further, upon authentication of user’s identity details, the user selecting the one electronic wallet to which real money is to be deposited and then deposit the real money by means of a device (110) and get the deposit receipt by means of the device.

With reference to figure 9, the user logs into the apparatus (100) by means of the screen (120) with the identity details registered to electronic-wallet and the apparatus (100) sends the authentication request for User’s biometric identity details entered by the user to the authentication server of the electronic wallet companies that sends a onetime password (OTP) to User’s registered mobile number and authenticate the user’s details by entering OTP into the apparatus (100).

Further, upon authentication of user’s identity details, the user selects first electronic wallet from which money value is to be transferred and then selects money value and then select second electronic wallet to which the virtual money value is to be transferred. Then, the apparatus (100) sends the verification request for the entered money value which is to be transferred to the first electronic wallet company that sends a onetime password (OTP) to User’s registered mobile number and the user enter the OTP into the apparatus (100) and then, the virtual money value is verified and the virtual money value is transferred by the device(100).

ADVANTAGE OF THE INVENTION
1. The apparatus (100) provides Cash from your E-Wallet Instantly.
2. The apparatus (100) transfer Balance in your E-Wallet Instantly by depositing Cash.
3. The apparatus combine the balances of all multiple wallet accounts or e wallet firms into One and further get Cash as one single amount.
4. The apparatus (100) transfer Balance from your or your family/friends Credit/Debit Card into your E-Wallet and get Cash.
5. The apparatus (100) transfer Balance to e-wallet of your friend from your e-wallet and vice versa.
6. The apparatus (100) has biometric system with high security.

The invention is illustrated by the following figures, examples and their associated description which explains certain aspects of the system and method according to the present invention. A person skilled in the art would recognize that there are several variations to the illustrated system and method, which are within the scope and spirit of the invention and the invention is not limited to the illustrations, which are provided only for explanatory purpose.

We claim:

1. A novel apparatus (100) for converting virtual currency into real currency comprising:
a device (110) for depositing or withdrawal of real money, a screen (120) for display of instructions and entering the registration details validated by using the electronic wallet company;
a scanner (140) for scanning the iris, a scanner (150) for scanning finger prints, a camera (160) for capturing face picture of the user, a cooling fan (170) for maintaining temperature of the apparatus.

wherein the apparatus (100) is capable of being in operative communication with the electronic wallet company by means of the authentication server of the electronic wallet company to verifying the user’s biometric identity details by matching the data entered by means (140, 150, 160) with the user’s details registered the authentication service providing channel of the electronic wallet company to withdraw real money from virtual money electronic wallet or to deposit real money into virtual money electronic wallet.

wherein the apparatus (100) is capable of being in operative communication with the electronic wallet company by means of the authentication server of the electronic wallet company to verifying the user’s identity by matching the data entered by means of the screen (120) with the user’s details registered with the electronic wallet company to transfer virtual money from one electronic wallet to another electronic wallet

2. The apparatus (100) as claimed in claim 1, wherein the electronic wallet company may be telecom, E-commerce, E-Wallet Companies, Airlines, Railways and the like companies.
3. The apparatus (100) as claimed in claim 1, wherein the screen (120) may be touch screen.

4. A method for converting virtual currency into real currency with built in user’s identity verification mechanism capable of biometric verification of the user using the apparatus (100) comprising the steps of:

a) User logging into the apparatus (100) by means of the screen (120) with the identity details registered to electronic-wallet and capturing the biometric data of the user by means of the iris scanner (140), by means of the finger print scanner (150) and by means of the a camera (160) for capturing face picture ;
b) sending the authentication request for User’s biometric identity details entered by the user and captured by the means (140, 150, 160) in step (a) by means of the apparatus (100) to the authentication server of the electronic wallet companies that sends a onetime password (OTP) to User’s registered mobile number and authenticating the user’s details by entering OTP into the apparatus (100),

c) upon authentication of user’s identity details, choosing the option (1) to withdraw money or option (2) deposit money or option (3) transfer money from one electronic wallet to another electronic wallet.

d) if choosing option (1), entering the virtual money value and sending the verification request for the entered money value to the electronic wallet companies that sends a onetime password (OTP) to User’s registered mobile number and verifying the money value by entering OTP into the apparatus (100) and dispensing the real money.

e) if choosing option (2), selecting the one electronic wallet to which real money is to be deposited and then depositing the real money by means of a device (110) and getting the deposit receipt by means of the device.

f) if choosing option (3), then
(i) selecting first electronic wallet from which money value is to be transferred;
(ii) selecting money value;
(iii) selecting second electronic wallet to which the virtual money value is to be transferred;
(iv) sending the verification request for the entered money value which is to be transferred to the first electronic wallet company that sends a onetime password (OTP) to User’s registered mobile number and verifying the virtual money value by entering OTP into the apparatus (100) and transferring the virtual money value.

5. The method as claimed in claim4, wherein the authentication server is a third party central database or in-built database of biometric data having pre-stored biometric data of the user selected by the electronic wallet company.

6. The method as claimed in claim4, wherein the real money filling in the apparatus (100) is done by CIT (Cash in Transit) companies assigned by the E-wallet Company or is done by the E-wallet Company.

Dated this 19th day of April 2017
CHITRA ARVIND –IN/PA-1311
AGENT FOR THE APPLICANTS
OF RAJESHWARI & ASSOCIATES

“ABSTRACT”
AN APPARATUS AND METHOD FOR EXCHANGE VIRTUAL CURRENCY AND REAL CURRENCY

The present invention provides a novel apparatus (100) for converting virtual currency into real currency and a method for operating the same.