Abstract: A method for creating digital currency has the steps of providing a server operably connected to the network; receiving into the server a transmission from one of the automated teller machines via the network that a sum of currency has been received into the currency scanner of the automated teller machine; creating an account automatically by the server in response to the receipt of the transmission; storing the sum of currency in digital form in the account; generating a unique alphanumeric code; associating the unique alphanumeric code with the account; and transmitting the unique alphanumeric code to a recipient.

Abstract: A combination money transmitter and loan system includes a central computer having a processor and a memory. Multiple user accounts are stored in the memory, each having a unique user identifier and a user balance indicative of a monetary balance value. A loan database stores a loan amount, a loan term, and an interest rate. Using the processor, a calculator program calculates a periodic repayment amount based upon the loan amount, the loan term, the interest rate, and stores the periodic repayment amount in the loan database. During a loan process, a money transmitter program transmits funds from the user balance of a first user to the user balance of a second user using the unique user identifier of the second user. Subsequently the periodic repayment amount is periodically transmitted from the user balance of the second user to the user balance of the first user.