Abstract: Systems and methods are described for universal payment messaging that includes receiving an on-chain blockchain demand message, which may be in the form of a payment request, pending payment authorization, cleared payment authorization, or identity request. Processors of the demand message can communicate with user-affiliated payment applications over a universal blockchain ledger. This may be achieved by embedding an identity value for a user or business entity by storing a reference to that entity value in an on-chain smart contract. The blockchain server may also store a claim against that identity value by an identity service provider, in addition to a claim by a payment service provider or money service business that is attested to the immutable cryptographic blockchain. The messaging may be stored remotely without handling customer data, and the demand message may be authenticated by the payment service provider to the user with a payment application.

Abstract: A system and method for distributing a cryptocurrency using a distribution system is described. A request to transfer a first asset from a first user to a second user may be received by the system via a message received from a user device over a network, each user being associated with an account and a payment service. The first asset amount may be transferred by the system contacting the payment services of both users. In response to determining that the transferring has been settled, first and second amounts of a second asset to be determined and remitted to each of the first user and the second user respectively based on the first asset amount. The second asset may be an encrypted cryptocurrency asset associated with a blockchain stored on a server in communication with the distribution system.