@@ -50,8 +50,8 @@ Bank of Lithuania system managing message exchange between various bank and exte
A Exchange user sends cryptocurrency and wants to receive Euro.
1. An exchange user initiates trade using the Exchange interface.
2. An operation in the blockchain includes a receiver IBAN account.
3. A memo description (with IBAN account) is encrypted.
2. Exchange generates order id – order id includes an encrypted receiver IBAN account.
3. A user sends crypto to Dan’s account using generated order id as memo or address.
4. A transaction is processed with a standard path in the Exchange:
a. The transaction scanner in the source blockchain recognizes an operation and takes an appropriate action (as now) – sends it to CBS via EURO-client.
b. CBS recognizes whether it is an SEPA transfer or non-SEPA transfer:
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@@ -77,8 +77,9 @@ Then the standard execution path is followed in the Exchange: a record is create
**III. Sending Euro and receiving EURO**
**III. Sending Euro and receiving FIAT **
It seems to be possible though we're not sure if desirable.
It can be extended to general case BankSystem 1 <-> Crypto <-> BankSystem2. The general case consists of UC1 and UC2.
