Digitization of payment cards for Web 3.0 and metaverse transactions
Systems and techniques for digitization of payment cards for Web 3.0 (“Web3”) and metaverse transactions are provided. The described systems and techniques allow for the use of non-fungible tokens (NFTs) to represent a payment token for making a payment inside a Web3 and Metaverse environment. Indeed, the described systems and techniques provide a financial NFT enabled representation of a payment card account as a token in a blockchain network, which can then be used to facilitate Web3 payments with real-time fiat to crypto exchanges.
1 . A method, comprising:
receiving, at a smart contract deployed on a blockchain associated with a non-custodial wallet that is a cryptography wallet of a user, a financial NFT creation request from the non-custodial wallet of a user, the financial NFT creation request comprising encrypted payment card details for a payment card of the user;
sending a validation request to obtain validation of the payment card associated with the encrypted payment card details, wherein the validation request comprises the encrypted payment card details;
receiving, at the smart contract, the validation of the payment card, a hashed personal account number (PAN), and a token unique reference of the payment card;
minting, at the smart contract, a financial NFT representing a tokenized version of the payment card, the financial NFT having a financial NFT identifier and the token unique reference, wherein the financial NFT can be used to make payment;
storing, at the smart contract, a mapping of the financial NFT identifier, the hashed PAN, the token unique reference, and a consumer wallet address of the non-custodial wallet; and
sending the financial NFT identifier to the non-custodial wallet.
2 . The method of claim 1 , wherein sending the validation request to obtain validation of the payment card associated with the encrypted payment card details comprises sending the validation request to a financial NFT service via an oracle.
3 . The method of claim 1 , further comprising:
receiving, at the smart contract, a payment function request of the financial NFT, including an electronic signature of the user, a public address of a Web3 merchant, and an amount of blockchain value for a transaction;
receiving, at the smart contract, a payment request from the Web3 merchant, wherein the payment request includes card transaction details; and
sending the card transaction details to a financial NFT service.
4 . The method of claim 1 , further comprising:
receiving, at the smart contract, a payment request from a Web2 merchant; and
sending, to a financial NFT service, a detokenization request requesting to detokenize the financial NFT.
5 . The method of claim 1 , further comprising:
receiving, at the smart contract, an authorization request from the non-custodial wallet of the user, the authorization request requesting authorization of the financial NFT with an online merchant;
authorizing the financial NFT with the online merchant; and
storing, at the smart contract, authorized financial NFT information including the financial NFT identifier, an authorization reference and a wallet address of the online merchant.
6 . The method of claim 5 , further comprising:
sending the authorized financial NFT information to a metaverse merchant, wherein the online merchant is an online merchant on a metaverse device.
7 . The method of claim 5 , further comprising:
receiving, at the smart contract, a payment request from the online merchant, the payment request invoking a payment function of the financial NFT, wherein the payment request includes transaction details comprising the financial NFT identifier, the authorization reference, and a transaction amount; and
submitting a payment card transaction to a financial NFT service.
8 . The method of claim 7 , wherein submitting the payment card transaction to the financial NFT service comprises adding a smart contract transaction containing a hashlock.
9 . The method of claim 7 , wherein submitting the payment request to the financial NFT service comprises outputting a transaction hash comprising a single-use, time-bound cryptogram for the token unique reference.
10 . The method of claim 1 , further comprising:
receiving, at the smart contract, a merchant card-on-file (COF) NFT creation request from a merchant, the merchant COF NFT creation request comprising a merchant private key, a merchant public address, and the financial NFT identifier;
receiving a user private key from the non-custodial wallet; and
minting a merchant COF NFT having a merchant COF NFT identifier, a merchant identifier, the hashed PAN, and the token unique reference, wherein the merchant COF NFT is owned by the merchant.
11 . The method of claim 10 , further comprising:
receiving a payment request from the merchant, the payment request invoking a payment function of the merchant COF NFT, wherein the payment request comprises the merchant public address, the merchant private key, and a transaction amount; and
submitting the payment request to a financial NFT service.
12 . The method of claim 11 , wherein submitting the payment request to the financial NFT service comprises adding a smart contract transaction containing a hashlock.
13 . The method of claim 11 , wherein submitting the payment request to the financial NFT service comprises outputting a transaction hash comprising a single-use, time-bound cryptogram for the token unique reference.
14 . One or more computer readable storage media having instructions stored thereon that, when executed by a processing system, direct the processing system to perform a method comprising:
receiving, at a smart contract deployed on a blockchain associated with a non-custodial wallet that is a cryptography wallet of a user, a financial NFT creation request from the non-custodial wallet of a user, the financial NFT creation request comprising encrypted payment card details for a payment card of the user;
sending a validation request to obtain validation of the payment card associated with the encrypted payment card details, wherein the validation request comprises the encrypted payment card details;
receiving, at the smart contract, the validation of the payment card, a hashed personal account number (PAN), and a token unique reference of the payment card;
minting, at the smart contract, a financial NFT representing a tokenized version of the payment card, the financial NFT having a financial NFT identifier and the token unique reference, wherein the financial NFT can be used to make payment;
storing, at the smart contract, a mapping of the financial NFT identifier, the hashed personal account number (PAN), the token unique reference, and a consumer wallet address of the non-custodial wallet; and
sending the financial NFT identifier to the non-custodial wallet.
15 . A system comprising:
a processing system;
one or more storage media; and
instructions stored on the one or more storage media that, when executed by the processing system, direct the processing system to at least:
receive, at a smart contract deployed on a blockchain associated with a non-custodial wallet that is a cryptography wallet of a user, a financial NFT creation request from the non-custodial wallet of a user, the financial NFT creation request comprising encrypted payment card details for a payment card of the user;
send a validation request to obtain validation of the payment card associated with the encrypted payment card details, wherein the validation request comprises the encrypted payment card details;
receive, at the smart contract, the validation of the payment card, a hashed personal account number (PAN), and a token unique reference of the payment card;
mint, at the smart contract, a financial NFT representing a tokenized version of the payment card, the financial NFT having a financial NFT identifier and the token unique reference, wherein the financial NFT can be used to make payment;
store, at the smart contract, a mapping of the financial NFT identifier, the hashed personal account number (PAN), the token unique reference, and a consumer wallet address of the non-custodial wallet; and
send the financial NFT identifier to the non-custodial wallet.