Crunchfish in partnership with Lipis Advisors host a webinar on January 20[th], 2023 to discuss the first whitepaper in the series “Enabling offline payments in an online world” that provides practical advice on how to design offline payment systems. The line-up of expert panellists at the webinar includes payments experts from Lipis Advisors, BIS Innovation Hub and Crunchfish.

Crunchfish in partnership with Lipis Advisors are very pleased to announce the line-up of expert panellists at the webinar tomorrow January 20^th, 2023 at 8 am CET / 12.30 IST that will discuss the first whitepaper in the series “Enabling Offline Payments in an Online World” with the subtitle “A Practical Guide to Offline Payments Design”.

• Bonni Brodsky is a managing consultant at Lipis Advisors, a Berlin-based strategy consultancy focused exclusively on the payments sector. Over the past several years, she has provided strategic advice to global payments players on topics such as payment system modernization, real-time payment adoption, and digital currencies. Originally from the US, she previously worked on the Federal Reserve bank of New York’s trading desk as a global macro and capital markets analyst.
• Beju Shah is the Head of Nordic Centre in Stockholm for Bank for International Settlements’
  Innovation Hub. He is driving, among other things, CBDC Project Polaris: How to implement
  secure and resilient CBDC systems (online and offline). Before then Beju worked for almost 10
  years at the Bank of England in various roles related to digital innovation, as well as heading
  their data services unit and delivering large data transformation programmes.
• Joachim Samuelsson, Group CEO of Crunchfish, a deep tech company focused on offline payments and gesture interaction. Joachim is a serial entrepreneur and tech pioneer with more than 20 patented innovations in digital payments and has been awarded for his entrepreneurship multiple times. He was a seed investor in Crunchfish 2012 and was its Chairman of the Board until 2020 when he became the Group CEO of the Crunchfish.

Bonni Brodsky at Lipis Advisors will start the webinar by presenting highlights from the whitepaper, followed by a moderated panel discussion led by Johan Wester, a Swedish professional entertainer and Creative Director at Skånemotor. All participants are also welcome submit questions over the chat forum to the panel. Register for the webinar here.

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 19 January 2023 at 15.00 CET.

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

About Crunchfish – crunchfish.com
Crunchfish are 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 are listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

Download as PDF

Crunchfish are pleased to announce that Lipis Advisors have today released their first whitepaper in the series – Enabling offline payments in an online world. The whitepaper with the subtitle – A practical guide to offline payments design, provides valuable insights to how offline payments relate and can interoperate with online payment system. It provides a novel and elegant way of categorizing offline payment solutions by three design choices which provides the payment ecosystem with a better understanding of the nuances of offline payments.

Lipis Advisors have today, in partnership with Crunchfish, released their first whitepaper – A practical guide for offline payment design – outlining the architectural approach and criteria for offline payments. The whitepaper includes a novel and elegant way to categorize offline payment solutions using three design options. This categorization will be a provide the payments ecosystems and issuers a better understanding of the various kinds of offline payment solutions that may be implemented to augment their online payment systems.

1. Online Payment Rail: The design options are token-based or account-based. All cryptocurrencies are token-based, whereas all real-time payments systems are account-based. Central banks have a choice whether their online payment rail for CBDC should be token- or account-based.

2. Offline Security Protocol: The options are either native (layer-1) or a non-native (layer-2) tokens security protocol. Native/non-native is described in relation to the underlying online payment rail.

3. Offline Trusted Environment: Here the options are either hardware-based or software-based.

Crunchfish, a deep tech company focused on offline payments and gesture interaction, provide Digital Cash solutions for all design choices. The whitepaper presents six offline payments case studies of which two involve Crunchfish Digjtal Cash; the CBDC eNaira project for the Central Bank of Nigeria as well as Offline Retail Payments for HDFC Bank, closely monitored by the Reserve Bank of India in RBI’s Regulatory Sandbox. Both projects use non-native layer-2 tokens issued from a Trusted Environment implemented on smartphones. Whereas eNaira has a token-based online payment rail, the ORP project integrates with an account-based online payment rail.

On Friday the 20th at 8 am CET / 12.30 IST, Crunchfish, in partnership with Lipis Advisors, will host a webinar where payment expert Bonni Brodsky at Lipis Advisors will present the key insights of the whitepaper, followed by a moderator-led panel discussion with Beju Shah, Head of BIS Innovation Hub in the Nordics, and Crunchfish CEO Joachim Samuelsson as panelists. Register here

All webinars will be available on our website, our YouTube channel and as podcasts on Spotify, Apple Podcasts and anywhere where podcasts are available, distributed from our SoundCloud channel. You can subscribe and never miss when we publish new episodes.

About Lipis Advisors
Lipis Advisors is a Berlin-based strategic consulting firm focused exclusively on the payments sector. Our expertise has expanded over the years, evolving from research-driven comparative analysis of core payment systems to strategic advice for diverse stakeholders on topics ranging from cryptocurrencies, CBDCs, digital banking, real-time payments, fraud mitigation, payment design and implementation. We have provided consulting services to clients in 40+ countries around the world, including international organizations, financial institutions, payment service providers, fintechs, payment schemes, payment system operators, technology vendors, industry associations, and regulators.

 
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 19 January 2023 at 12:00 CET.

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

About Crunchfish – crunchfish.com

Crunchfish are a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR, automotive and digital interfaces. Crunchfish are listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

Download as PDF

Crunchfish partner with Wibmo, a PayU company and an industry leader in payment security and digital payments, to add offline payments to their Digital Banking platform. Wibmo is a global full-stack PayTech company, an industry leader in payment security and digital payments in emerging markets, partnering with 160+ banks & fintechs across 30+ countries.

Crunchfish and Wibmo have entered a partnership for integration of Digital Cash into Wibmo’s Digital Banking platform. With Digital Cash integration, Wibmo’s customers will be able to process offline payments – payers will not have to worry whether they have mobile internet data connectivity or not. Payments will work regardless of whether there is connectivity at customer’s end or at merchant’s end. Moreover, offline payments will be available as a modular, plug and play module within Wibmo’s Digital Banking platform.

“The integration with Crunchfish will enable our customers to offer digital payments to the financially excluded and the underserved population. This will truly help people reap the benefits of the digital economy. Crunchfish are an innovator and leader in offline payments and this partnership will further enhance our Digital Banking platform capabilities to support Offline Payments”, says Suresh Rajagopalan, CEO Wibmo.

“Partnering with Wibmo is a strategic step to accelerate global adoption of Crunchfish Digital Cash. Wibmo have impressive and proven technology, serving more than 160 Banks and Fintechs in 30+ countries, to which offline payments can now be offered as well. This strengthens also the CBDC offering of both parties”, says Joachim Samuelsson, CEO Crunchfish.

About Wibmo
Wibmo Inc., a Cupertino, California company, is a subsidiary of PayU. It is a global full-stack PayTech company, an industry leader in payment security and digital payments in emerging markets, partnering with 160+ banks & fintechs across 30+ countries. The company is the largest authentication service provider in India, one of the world's leading digital payments markets. It also offers fraud and risk management solutions, mobile payments, prepaid solutions, and a host of merchant acquiring services. Learn more about Wibmo: https://www.wibmo.co/

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 17 January 2023 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 are 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 are listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

Download as PDF

Crunchfish in partnership with Lipis Advisors announce today a new whitepaper series coupled by webinars in a series on the theme “Enabling offline payments in an online world”. The first whitepaper by Lipis Advisors, due out on January 19th, 2023, and the webinar following on January 20th, 2023 will focus on “A practical guide for offline payment design”.

The interest in offline solutions from central banks, commercial banks and payment system providers have skyrocketed in recent years. Crunchfish in partnership with Lipis Advisors are proud to announce a new whitepaper and webinar series on the theme “Enabling offline payments in an online world” with the purpose of helping central banks, commercial banks and payment service providers understand the many practical aspects and how to implement offline payment solutions.

The video trailer to the whitepaper and webinar series is available here

The first whitepaper focused on practical offline payment design, which will be released on January 19th, 2023, and the subsequent webinar discussing the whitepaper is arranged on January 20th, 2023 at 08.00 CET / 12.30 IST. The webinars will be live streamed on zoom and LinkedIn and recorded and will start with a short presentation of the whitepaper, followed by moderated Q&A with a panel and the audience.

Register for the premiere webinar – A practical guide to offline payments design – following this link

After registering, you will receive a confirmation email containing information about joining the webinar.

All webinars will be available on our website, our YouTube channel and as podcasts on Spotify, Apple Podcasts and anywhere where podcasts are available, distributed from our SoundCloud channel. You can subscribe and never miss when we publish new episodes.

About Lipis Advisors
Lipis Advisors is a Berlin-based strategic consulting firm focused exclusively on the payments sector. Our expertise has expanded over the years, evolving from research driven comparative analysis of core payment systems to strategic advice for diverse stakeholders on topics ranging from cryptocurrencies, CBDCs, digital banking, real-time payments, fraud mitigation, payment design and implementation. We have provided consulting services to clients in 40+ countries around the world, including international organizations, financial institutions, payment service providers, fintechs, payment schemes, payment system operators, technology vendors, industry associations, and regulators.

For more information, please contact:

Joachim Samuelsson, CEO of Crunchfish AB

+46 708 46 47 88

joachim.samuelsson@crunchfish.com 

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

About Crunchfish – crunchfish.com

Crunchfish are a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR, automotive and digital interfaces. Crunchfish are listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

Download as PDF

Crunchfish Digital Cash AB (“Crunchfish”) has received an International Preliminary Report on Patentability (IPRP) in Chapter II of the Patent Cooperation Treaty (PCT) for a key Digital Cash patent application PCT/SE2022/050152 indicating that all claims 1 – 39 are deemed patentable. The main claim of this patent has very broad applicability as it protects many aspects of non-native layer-2 offline payment solutions in addition to its focus on domestic and international interoperability between CBDC-, Real Time Payment- and Closed Loop Wallet- payment service applications.

The innovation titled “Payment service provider interoperability in digital payments” in the attached PCT-application relies on payment system applications using a shared root certificate for domestic and international interoperability for offline proximity payments. It covers also cross-border payments by managing exchange rates offline.

The patent protects how CBDC-Retail applications issued by the central bank may become interoperable with other payment service applications in the same country as well as how CBDC-Retail applications from multiple countries, multi-CBDC or mCBDC, can interoperate. It also covers interoperability between Closed-Loop Wallets and Real Time Payments applications domestically as well as internationally.   

Furthermore, the main claim of this patent is broadly defined protecting many aspects of non-native layer-2 offline payment solutions in general, in addition to its focus on interoperability. This makes this Digital Cash patent a key strategic asset for Crunchfish which we are likely to nationalize in many countries world-wide during the nationalization phase within 6 months.

”Some patents are commercially more valuable than others. This is arguably our most important Digital Cash innovation as it protects many key aspects of the Digital Cash messages with its non-native layer-2 tokens. It is the very essence of Crunchfish Digital Cash and puts Crunchfish in an enviable protected position in the area of offline payments”, says Joachim Samuelsson, CEO Crunchfish AB.

The patent has priority from a provisional patent application filed in February 2021. This clean IPRP report of this key Digital Cash innovation follows the announcement of this innovation being granted a patent in Sweden with number SE 544277 in December 2021. The next step is to enter the phase of national phase before August 2023 when Crunchfish must decide which markets to protect this important intellectual property. A patent if granted is valid until February 2041, 20 years from the original filing date.

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 12 January 2023 at 08:00 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.

Download as PDF

To increase the understanding among investors for Crunchfish and our value proposition, and connect with new investors, Crunchfish has signed an agreement with Emergers for their Commissioned Research and Corporate Broking service. Crunchfish will continue with offering commissioned research from Västra Hamnen Corporate Finance in parallel.

Emergers’ Commissioned Research service comprises equity research coverage, video interviews, graphic quicktakes and other material to communicate Crunchfish’s equity story to existing and new investors in an accessible way. Emergers’ Corporate Broking service aims to actively increase attention on Crunchfish equity story from investors of all levels. Emergers plans to initiate coverage on Crunchfish during January 2023. Since inception in 2020, Emergers have helped over 30 Small Caps across Nasdaq First North Stockholm, Nasdaq First North Helsinki, Spotlight and Nordic SME to connect with new investors.

Crunchfish have provided its investors with commission research from Västra Hamnen Corporate Finance since May 2019. Their equity research reports are available here at Crunchfish website as well as on Västra Hamnen’s Corporate Finance website. Crunchfish intend to continue with offering their equity research as well in parallel.

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 28 December 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.

Download as PDF