Platform and method for transfer of digital tokens representing a bank's promise to pay bank account stored or credit value

[0044]The present invention includes a vehicle (platform), method, bank and device for ‘Transfer’ of ‘Tokens’ using the words ‘promise’, ‘transfer’, ‘token’ and ‘platform’ as defined herein.

[0045]A bank is defined as any entity maintaining segregated or comingled currency or credit accounts for individuals, companies, merchants or other entities (Clients or Customers).

[0046]A promise is any obligation, a bank has to a Promisee to pay upon demand by the Promisee, some exact real-world currency value as described in the promise. A promise has certain features:

[0047]Any current Promisee, and only the current Promisee, may easily transfer his rights to a new Promisee in a manner where nobody may reverse the transfer.

[0048]The promise, comprising its obligation for the Promisor (bank) to pay to the Promisee on demand, the ability to transfer the party that is the Promisee, should be backed by a reserve of the exact real currency that is promised, held by the Promisor until some Promisee dem