SYSTEM FOR EFFECTING FINANCIAL TRANSACTIONS BETWEEN A FIRST PARTY AND A SECOND PARTY

摘要

A system for effecting financial transactions between a first party and a second party comprises a pass-through bank account (231) of a service provider for storing fiat money, an API interface (103) allowing for initiating payments from a bank account (211) of the first party (10) for storing fiat money to the pass-through bank account (231), a first e-money account (111) for storing electronic currency, the first e-money account (111) being assigned to the first party (10) and a second e-money account (112) for storing electronic currency, the second e-money account (112) being assigned to the second party (20). The system further comprises a first conversion module (113) for generating electronic currency and storing the electronic currency in the first e-money account (111), the amount corresponding to a fiat money amount transferred from the bank account (211) of the first party (10) to the pass-through bank account (231), an authentication module (120, 24) for authenticating the first party (10) vis-a-vis the second party (20) and a transfer module (115) for transferring electronic currency from the first e-money account (111) to the second e-money account (112).