Abstract: A method includes receiving, by a cryptocurrency-based payment backing account device of a cryptocurrency payment system, a lock instruction from a network computing device to lock an amount of system cryptocurrency based on real-time payment information regarding a cryptocurrency-based payment from a source computing device to a destination computing device. The method further includes determining, by the cryptocurrency-based payment backing account device, a cryptocurrency-based payment backing account associated with the real-time payment information and locking the amount of system cryptocurrency. The method further includes when the release instruction from the network computing device is received, releasing the amount of the system cryptocurrency and when the consume instruction from the network computing device is received, transferring the amount of the system cryptocurrency to an account associated with the network computing device to cover the cryptocurrency-based payment.

Abstract: A method for execution by a network computing device of a cryptocurrency payment system includes receiving real-time payment information regarding a cryptocurrency-based payment from a source computing device to a destination computing device. In response to receiving the real-time payment information, the method further includes: initiating a real-time cryptocurrency-based payment process to pay the destination computing device in a selected currency, where payment of the selected currency to the destination computing device occurs within a first time frame; and initiating a nonreal-time cryptocurrency-based payment reconciliation process to reconcile the cryptocurrency-based payment with a cryptocurrency-based payment backing account, where the reconciliation of the cryptocurrency-based payment with the cryptocurrency-based payment backing account occurs within a second time frame, and where the second time frame is longer than the first time frame.