AU2014101277A4 - New method for banks, financial institutions and monetary funds to provide ethical loans finance including Islamic finance with no interest or usury. Banks, financial institutions and monetary funds can replace interest or usury using this new method which is an internal crypto currency block chain dependent process the minting of new coin and mining of transaction fees. - Google Patents
New method for banks, financial institutions and monetary funds to provide ethical loans finance including Islamic finance with no interest or usury. Banks, financial institutions and monetary funds can replace interest or usury using this new method which is an internal crypto currency block chain dependent process the minting of new coin and mining of transaction fees.Info
- Publication number
- AU2014101277A4 AU2014101277A4 AU2014101277A AU2014101277A AU2014101277A4 AU 2014101277 A4 AU2014101277 A4 AU 2014101277A4 AU 2014101277 A AU2014101277 A AU 2014101277A AU 2014101277 A AU2014101277 A AU 2014101277A AU 2014101277 A4 AU2014101277 A4 AU 2014101277A4
- Authority
- AU
- Australia
- Prior art keywords
- usury
- interest
- banks
- financial institutions
- new method
- Prior art date
- Legal status (The legal status is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the status listed.)
- Expired
Links
Abstract
Abstract A New method for banks, financial institutions and monetary funds to provide ethical loans finance including Islamic finance with no interest or usury. Banks, financial institutions and monetary funds can earn the interest or usury using a different process which is an internal crypto currency block chain dependent process the minting of new coin and mining of transaction fees. This new method is made possible because of the latest technology inside the crypto currency wallet as well as external factors. Customer applies for a loan bank approves the loan and at the same time the bank acquires bank coin to the value of the loan. The bank then leverages the bank coin 2x as a number Ix goes to the pay for the bank coin and the other goes to the borrower. The borrower makes repayments however it is only the principle that he owes as there is no interest or usury.
Description
EDITORIAL NOTE 2014101277 There is one page of description only Description: New method for banks, financial institutions and monetary funds to provide ethical loans finance including Islamic finance with no interest or usury. Banks, financial institutions and monetary funds can earn the interest or usury using a different process which is an internal crypto currency block chain dependent process the minting of new coin and mining of transaction fees. This new method is made possible because of the latest technology inside the crypto currency wallet as well as external factors. Customer applies for a loan bank approves the loan and at the same time the bank acquires bankcoin to the value of the loan. The bank then leverages the bankcoin 2x as a number lx goes to the pay for the bankcoin and the other goes to the borrower. The borrower makes repayments however it is only the principle that he owes as there is no interest or usury. The bank makes its money by this new method using crypto currency bankcoin. How it does it is like this: The bank would now have a bankcoin wallet installed on their computers. The wallet mints new bankcoins which is why there is no need for the bank to charge interest usury. It is an internal wallet process once you have coins in it and they have matured. This wallet also has the ability to mine the transaction fees throughout the entire bankcoin network a bonus to the bank. The new method is made possible because of the latest wallet technology it has. Send, receive, transactions, statistics, blockexplorer, export, and other key components external to the wallet are fixed price for the coin this provides stability and confidence in the market, amount of coins that can be minted which is a % of the wallet balance, coin control, over all coin cap eg: 500M mined coin cap 100M, time frame to mine the 100M cap 10days, reserve insurance, all these things add up to the formation of the new method which can be replicated and exploited by making changes to the numbers within this method.
Priority Applications (1)
| Application Number | Priority Date | Filing Date | Title |
|---|---|---|---|
| AU2014101277A AU2014101277A4 (en) | 2014-10-20 | 2014-10-20 | New method for banks, financial institutions and monetary funds to provide ethical loans finance including Islamic finance with no interest or usury. Banks, financial institutions and monetary funds can replace interest or usury using this new method which is an internal crypto currency block chain dependent process the minting of new coin and mining of transaction fees. |
Applications Claiming Priority (1)
| Application Number | Priority Date | Filing Date | Title |
|---|---|---|---|
| AU2014101277A AU2014101277A4 (en) | 2014-10-20 | 2014-10-20 | New method for banks, financial institutions and monetary funds to provide ethical loans finance including Islamic finance with no interest or usury. Banks, financial institutions and monetary funds can replace interest or usury using this new method which is an internal crypto currency block chain dependent process the minting of new coin and mining of transaction fees. |
Publications (1)
| Publication Number | Publication Date |
|---|---|
| AU2014101277A4 true AU2014101277A4 (en) | 2014-11-20 |
Family
ID=51900568
Family Applications (1)
| Application Number | Title | Priority Date | Filing Date |
|---|---|---|---|
| AU2014101277A Expired AU2014101277A4 (en) | 2014-10-20 | 2014-10-20 | New method for banks, financial institutions and monetary funds to provide ethical loans finance including Islamic finance with no interest or usury. Banks, financial institutions and monetary funds can replace interest or usury using this new method which is an internal crypto currency block chain dependent process the minting of new coin and mining of transaction fees. |
Country Status (1)
| Country | Link |
|---|---|
| AU (1) | AU2014101277A4 (en) |
Cited By (9)
| Publication number | Priority date | Publication date | Assignee | Title |
|---|---|---|---|---|
| CN105678545A (en) * | 2016-01-04 | 2016-06-15 | 布比（北京）网络技术有限公司 | Digital asset transaction system based on distributed shared general ledger and construction method thereof |
| CN105678546A (en) * | 2016-01-04 | 2016-06-15 | 布比（北京）网络技术有限公司 | Digital asset processing method based on distributed shared general ledger |
| CN107392769A (en) * | 2017-08-04 | 2017-11-24 | 现在（北京）支付股份有限公司 | Method of payment is withheld based on block chain technology |
| CN107423973A (en) * | 2017-08-04 | 2017-12-01 | 现在（北京）支付股份有限公司 | The method of payment of passive barcode scanning on customer mobile terminal based on block chain technology |
| CN107423981A (en) * | 2017-08-04 | 2017-12-01 | 现在（北京）支付股份有限公司 | Browser of mobile terminal method of payment based on block chain technology |
| CN107480978A (en) * | 2017-08-04 | 2017-12-15 | 现在（北京）支付股份有限公司 | Based on block chain technology for mode of payment |
| CN107491948A (en) * | 2017-08-04 | 2017-12-19 | 现在（北京）支付股份有限公司 | Payment by the transfer of accounts method based on block chain technology |
| EP3534311A1 (en) | 2018-03-01 | 2019-09-04 | Vasile Cosmin Tuturas Haiduc | Money transfer method |
| EP3608858A1 (en) | 2018-08-10 | 2020-02-12 | Vasile Cosmin Tuturas Haiduc | Decentralized reversible money transfer method |
-
2014
- 2014-10-20 AU AU2014101277A patent/AU2014101277A4/en not_active Expired
Cited By (12)
| Publication number | Priority date | Publication date | Assignee | Title |
|---|---|---|---|---|
| CN105678545A (en) * | 2016-01-04 | 2016-06-15 | 布比（北京）网络技术有限公司 | Digital asset transaction system based on distributed shared general ledger and construction method thereof |
| CN105678546A (en) * | 2016-01-04 | 2016-06-15 | 布比（北京）网络技术有限公司 | Digital asset processing method based on distributed shared general ledger |
| CN105678546B (en) * | 2016-01-04 | 2020-06-09 | 布比（北京）网络技术有限公司 | Digital asset processing method based on distributed shared general ledger |
| CN105678545B (en) * | 2016-01-04 | 2020-10-16 | 布比（北京）网络技术有限公司 | Digital asset transaction system based on distributed shared general ledger and construction method thereof |
| CN107392769A (en) * | 2017-08-04 | 2017-11-24 | 现在（北京）支付股份有限公司 | Method of payment is withheld based on block chain technology |
| CN107423973A (en) * | 2017-08-04 | 2017-12-01 | 现在（北京）支付股份有限公司 | The method of payment of passive barcode scanning on customer mobile terminal based on block chain technology |
| CN107423981A (en) * | 2017-08-04 | 2017-12-01 | 现在（北京）支付股份有限公司 | Browser of mobile terminal method of payment based on block chain technology |
| CN107480978A (en) * | 2017-08-04 | 2017-12-15 | 现在（北京）支付股份有限公司 | Based on block chain technology for mode of payment |
| CN107491948A (en) * | 2017-08-04 | 2017-12-19 | 现在（北京）支付股份有限公司 | Payment by the transfer of accounts method based on block chain technology |
| CN107423981B (en) * | 2017-08-04 | 2021-12-10 | 苏州缓流科技有限公司 | Mobile terminal browser payment method based on block chain technology |
| EP3534311A1 (en) | 2018-03-01 | 2019-09-04 | Vasile Cosmin Tuturas Haiduc | Money transfer method |
| EP3608858A1 (en) | 2018-08-10 | 2020-02-12 | Vasile Cosmin Tuturas Haiduc | Decentralized reversible money transfer method |
Similar Documents
| Publication | Publication Date | Title |
|---|---|---|
| AU2014101277A4 (en) | New method for banks, financial institutions and monetary funds to provide ethical loans finance including Islamic finance with no interest or usury. Banks, financial institutions and monetary funds can replace interest or usury using this new method which is an internal crypto currency block chain dependent process the minting of new coin and mining of transaction fees. | |
| Patil | Impact of plastic money on banking trends in India | |
| Zakaria | Interlinkages between openness and foreign debt in Pakistan | |
| Sherline | Demonetisation as a prelude to complete financial inclusion | |
| Mayhew | Silver in England 1600-1800: Coinage Outputs and Bullion Exports from the Records of the London Tower Mint and the London Company of Goldsmiths | |
| Safakli | Credit Risk Assesment for the Banking Sector of Northern Cyprus | |
| Dejuán | The debt trap | |
| Shen et al. | Does capital account liberalization affect the financial stability: Evidence from China | |
| Nasr | Republic of Iraq | |
| Cimadomo | The fiscal stimulus and challenges ahead: Views on the euro area | |
| AU2014101156A4 (en) | New method for Banks & Financial institutions using crypto currency for savings & deposit taking. example Bankcoin mines/mints interest, mines/mints transaction fees, proof of stake, pos. | |
| Sukharev et al. | Public financial savings of the Russian Federation: The types, current status and assessments | |
| Hegadekatti | CoinAsia: A sovereign backed cryptocurrency and blockchain for Asia | |
| Ismailov | Maintenance of the monetary system stability in Uzbekistan | |
| Huertas | Fight or flight | |
| Nowotny | The euro’s contribution to economic stability in CESEE | |
| Redo | High public debt servicing costs for the agency model of debt management in Poland | |
| Yi-Lin Forrest et al. | Where Will the US Dollar Go? | |
| Allegret | Responses of monetary authorities in emerging economies to international financial crises: what do we really know? | |
| MIRDALA | Inflation Persistence and Implications for the Euro Area | |
| Devi et al. | Impact of Demonetisation on Financial Inclusion in India | |
| Hegadekatti | WorldMoney-The International Sovereign Backed Cryptocurrency | |
| Suryawanshi | Revolution in Indian Banking System | |
| Horney et al. | Fiscal Commission Should Not Focus on Gross Debt | |
| Khromov | Russian Banks in July 2014 |
Legal Events
| Date | Code | Title | Description |
|---|---|---|---|
| FGI | Letters patent sealed or granted (innovation patent) | ||
| PC | Assignment registered |
Owner name: AAABLOCKCHAIN LIMITED Free format text: FORMER OWNER WAS: TAYLOR, NINA |
|
| MK22 | Patent ceased section 143a(d), or expired - non payment of renewal fee or expiry |