Pay offline to anyone, anywhere with new Crunchfish Digital Cash version
Crunchfish Digital Cash is all about offline payments. Payers should not have to worry whether they are online or not. Payments should work regardless of banking services are down or lack of internet connectivity. This new version extends the use of Crunchfish Digital Cash even more as it becomes possible to pay anywhere using telecom connectivity, and to anyone on a domestic payment scheme.
Although internet may not be present to connect online, often the telecom network is available to make a call or send an SMS. By utilizing telecom connectivity and interoperability with domestic payment rails, such as UPI in India, Crunchfish Digital Cash will be extended to cover many more important use cases:
–Payment to receivers on domestic payment scheme
–Payment to feature phone users
–Payment to merchants with soundboxes (common in India)
–Remote payments
–Bill payments
–Payments with larger amounts
“Crunchfish focus continuously on adding new Digital Cash features to provide a greater value to our customers. This new version adds many more use cases and increase the scope and usability of Digital Cash significantly. It has already been presented to selected customers in India and been very well received.” says Joachim Samuelsson, CEO at Crunchfish.
The new version is built on the existing security foundation of Digital Cash, meaning that offline payments in proximity and via the telecom network will be supported by the same solution. The new version will be available for customers through the Crunchfish developer portal early next year.
For more information, please contact:
Joachim Samuelsson, CEO of Crunchfish AB
+46 708 46 47 88
joachim.samuelsson@crunchfish.com
This information was provided by the contact person above for publication on 11 November 2022 at 08:30 CET.
Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.
About Crunchfish – crunchfish.com
Crunchfish is a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR and automotive industry. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with subsidiary in India.
