New method for banks, financial institutions and monetary funds to provide ethical loans finance including Islamic finance with no interest or usury. Banks, financial institutions and monetary funds can replace interest or usury using this new method which is an internal crypto currency block chain dependent process the minting of new coin and mining of transaction fees.
A Innovation patent application filed on 20 October 2014 credited to Taylor, Nina
Details
Application number :
2014101277
Application type :
Innovation
Application status :
GRANTED
Under opposition :
No
Proceeding type :
Invention title :
New method for banks, financial institutions and monetary funds to provide ethical loans finance including Islamic finance with no interest or usury. Banks, financial institutions and monetary funds can replace interest or usury using this new method which is an internal crypto currency block chain dependent process the minting of new coin and mining of transaction fees.