Crunchfish announces today that the next version of the Digital Cash SDK will enable programmable money for offline / online payments for Central Bank Digital Currencies (CBDC) and commercial payment systems. In parallel, Crunchfish has applied for a patent for payee-controlled programmable payments, enabling layer-2 programmable payments that can be verified offline with conditional settlement online. Programmability is an important new feature for CBDC and commercial payments systems that enables money control and payments flexibility.

Programmability is an important feature in modern payments systems. CBDC used to direct social benefits for specific purposes implements this by programmable money. This is supported in the next version of Crunchfish Digital Cash by means of handling multiple balances in the wallet. There are also use cases for multiple balances for commercial payments systems. Programmable payments, often referred to as smart contracts when implemented on a blockchain, enable more complex transactions to be implemented. This is based on conditional settlement when one or more specified conditions have been met.

In parallel to this announced Digital Cash version, Crunchfish applied yesterday for a patent application for programmable payments with the novel aspect of having the settlement conditions specified and verifiable by the payee. This offers a wide range of use cases within payments, enabling automation, transparency, and security in financial transactions and services. Use cases include international money transfers, escrow services, subscription services, micropayments, and peer-to-peer payments. The patent, if granted, is valid for 20 years until June 2044.

“We continue to evolve the Crunchfish Digital Cash solution and we are now adding programmability as well, both in terms of programmable money in the next version of Digital Cash as well as payee-controlled programmable payments as a patent-pending feature.”, says Joachim Samuelsson, CEO at Crunchfish

For more information, please contact:

Joachim Samuelsson, CEO of Crunchfish AB

+46 708 46 47 88

joachim.samuelsson@crunchfish.com 

This information is such information as Crunchfish AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 01:00 CET on June 12th, 2024.

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 device-agnostic generic trusted client application platform for offline payments, tokenized card payments as well as other mobile client / server systems. Crunchfish has been listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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Crunchfish looks on the critical role of device-agnostic trusted client applications across diverse verticals such as mobile payments and edge AI. Security, privacy, and resilience can be improved by providing a robust framework for processing data offline. This whitepaper explores novel offline use cases and the benefits of leveraging such trusted client applications in handling sensitive data without constant connectivity to centralized servers.

Device-agnostic trusted client applications are indispensable tools for enabling secure offline data processing in mobile applications for a diverse range of use cases from mobile payments to edge AI. Trust in clients requires a robust framework for handling sensitive data across diverse industries and one aim of this whitepaper has been to point to the diverse set of technical features required. By harnessing trust in clients in mobile applications, organizations can have multiple benefits that has been described as server enhancements, offline capabilities in the clients, system benefits, and commercial benefits in systems that involve processing sensitive data offline. As the demand for secure offline solutions continues to grow, the integration of device-agnostic trusted client applications will play a pivotal role in fostering innovation, security, and reliable operation for many use cases across many industries.

Find the whitepaper on this link.

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 above for publication on 6th June 2024 at 16:20 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 device-agnostic generic trusted client application platform for offline payments, tokenized card payments as well as other mobile client / server systems. Crunchfish has been listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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Crunchfish Gesture Interaction announces a new generation of the XR Skeleton flagship product. The new version combines earlier products for single and stereo cameras into one powerful product. Support for OpenXR is also included, enabling platform independent development of gesture applications.

Crunchfish has released XR Skeleton 3.0 to customers and partners. This is the third generation of the XR Skeleton flagship product, which now combines earlier products for single and stereo cameras into one powerful product. The new release provides state of the art hand tracking and gesture support for AR and VR devices – as well as user facing applications in automotive industry – leveraging recent advancements in deep learning and computer vision.

Accompanying the release of XR Skeleton 3.0, Crunchfish also releases support for OpenXR. OpenXR is a standard that provides a common set of APIs for developing XR applications that run across a wide range of AR and VR devices. The standard has become widely adopted by the industry, allowing developers to write code once and run it across multiple VR and AR platforms and devices, reducing the need for platform-specific adaptation.

“By supporting the OpenXR standard, we now open up our hand tracking technology to a broader community of developers. Our customers can provide support for OpenXR on their devices and leverage the latest advancements in hand tracking technology available in XR Skeleton 3.0”, says Jens-Henrik Lindskov, R&D Director at Crunchfish Gesture Interaction.

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 above for publication on 03 June 2024 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 device-agnostic generic trusted client application platform for offline payments, tokenized card payments as well as other mobile client / server systems. Crunchfish has been listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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Crunchfish having world-leading expertise to deliver device agnostic trusted client applications has been engaged to conduct a security and vulnerability assessment for a prominent payment service. The assessment will be conducted during Q2 for a contract value of 325,000 SEK.

Crunchfish has been engaged to perform a security and vulnerability assessment for a leading payment scheme. The objectives of the assessment are to identify and evaluate potential impact of vulnerabilities and to provide recommendations for risk mitigation. The project will start in May and be presented in a report and a workshop within a month. The vulnerability assessment is charged at approximately 325,000 SEK, whereof 25% will be invoiced at project start and the remaining 75% after project completion.

“Crunchfish understands how to deliver device-agnostic trusted client applications. The results of the assessment will be presented to the payment scheme and will form the basis for a discussion on how Crunchfish Digital Cash may support them to overcome identified security vulnerabilities.", says Joachim Samuelsson, Crunchfish’s CEO.

For more information, please contact:

Joachim Samuelsson, CEO of Crunchfish AB

+46 708 46 47 88

joachim.samuelsson@crunchfish.com 

This information is Crunchfish AB obliged to publish in accordance with the EU Market Abuse Regulation. The information was provided by the contact person above for publication on 29th May 2024 at 16:10 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 device-agnostic generic trusted client application platform for offline payments, tokenized card payments as well as other mobile client / server systems. Crunchfish has been listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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Privacy is an area that has not been explored deeply for CBDC systems, yet it is key for public adoption of digital currencies. In this whitepaper, Crunchfish outlines practical considerations for how privacy may be implemented in CBDC systems and presents an innovation that balances the public’s need for privacy with regulatory requirements for transactional traceability.

This whitepaper introduces a way of implementing privacy in CBDC systems. Crunchfish has recently implemented and patented a novel approach with balance reconciliation. Private transactions are encrypted and sent to the backend, but where the keys used for the transaction are wallet keys, in contrast to prior art using public keys controlled by either the issuer or an escrow agent. In this way the payer is in full control of the privacy of their transactions even if all private transactions are sent to the online ledger encrypted. In this innovative way, regulatory requirements for transactional traceability are balanced with requirements for privacy where the payer is in full control of the encrypted transactional data for amounts below defined thresholds, defined by the issuer and the regulator. If the issuer suspects an attack by the payer, the issuer can contact the payer for permission to decrypt the data. In case the payer is not willing to grant access, the issuer may decide to lock the wallet or disallow any more private transactions.

The whitepaper is attached to this communication and available with other Crunchfish whitepapers. This whitepaper is published also as a supplement to Central Bank Payments News, May 2024. At the Central Bank Payment Conference in Kuala Lumpur on June 10-12, Crunchfish will present technical ways to guarantee true privacy in CBDC systems and discuss security and scalability issues for hardware- and software-based CBDC mobile wallets.

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 above for publication on 28th May 2024 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 a subsidiary in India.

Access to the full white paper following this link

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Crunchfish AB (“Crunchfish”) Q1 2024 webinar is now available, where Crunchfish CEO Joachim Samuelsson is interviewed by analyst Axel Dahlman from Västra Hamnen Corporate Finance. It comes together with an equity analysis made by Västra Hamnen equity analysts.

The webinar about Crunchfish interim report for Q1 2024 is now available via the following link:

Webinar Q1

The equity analysis document is available on the following link:
Crunchfish Q1 equity analysis

Crunchfish interim report for Q1 2024 is available via the following link:

Crunchfish Q1 2024

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 above for publication on 22nd May 2024 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 device-agnostic generic trusted client application platform for offline payments, tokenized card payments as well as other mobile client / server systems. Crunchfish has been listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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