A Exchange user sends cryptocurrency and wants to receive Euro.
1. An operation in the blockchain includes a receiver IBAN account.
2. A memo description (with IBAN account) is encrypted.
3. A transaction is processed with a standard path in the Exchange:
1.*An exchange user makes a transfer using the Exchange interface*
2. An operation in the blockchain includes a receiver IBAN account.
3. A memo description (with IBAN account) is encrypted.
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 SEPA-plugin
b. SEPA-plugin or CBS recognizes whether it is an internal transfer (to IBAN account in the Dan’s bank) or external transfer (to IBAN account not in the Dan’s bank):
i. If it is internal transfer, then it is processed in SEPA-plugin or CBS
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@@ -46,13 +47,14 @@ To be discussed:
*After meeting:*
*Remarks:*
*1. There is no functionality that allows to check a user account balance in cryptocurency for accounts other than Dan’s. Why? It is useless, because balance can change.*
*2. Sending Euro requires dedicated application for creating Euro transfer.*
*We can see two possible solutions for UC2 and UC3:*
*First solution:*
1.*An exchange user makes a transfer using the Exchange interface.*
2.*CBS registers a transaction.*
3.*SEPA-plugin transaction scanner checks via CBS if there are any new incoming transactions on Dan’s account.*
4.*If there are any, SEPA-plugin transaction scanner fetches those transactions and processes them.*
1.*An exchange user makes a transfer using the Exchange interface (or rather a dedicated interface of IB).*
2.*CBS registers a transaction (similarly to blockchain registering a transaction).*
3.*SEPA-plugin transaction scanner checks via CBS if there are any new incoming transactions on Dan’s account (same as for any crypto/blockchain).*
4.*If there are any, SEPA-plugin transaction scanner fetches those transactions and processes them (same as for any crypto/blockchain).*
*Then the standard execution path is followed in the Exchange: a record is created and processed.*
