The inaugural Digital Monetary Institute symposium on April 28-29 brings senior representatives from central banks, payment industry experts and investors together to push the boundaries of the discussion on practical and theoretical aspects of central bank digital currencies and the future of capital markets. Crunchfish will be exhibiting at the symposium’s digital fair.

Crunchfish’s booth at the DMI Symposium digital exhibition.

The inaugural DMI Symposium, arranged on April 28-29, will have “Central Banks and Digital Currencies – a revolution in money” as its main theme. Policy, finance and technology professionals may register using business credentials.

It is arranged by Official Monetary and Financial Institutions Forum (OMFIF), which is a membership network of central banks, funds and professional banking and payment services, that provides a neutral platform for public and private sector engagements worldwide.

For more information, please contact:
Joachim Samuelsson, CEO of Crunchfish AB
+46 708 46 47 88
joachim.samuelsson@crunchfish.com 

Ulf Rogius Svensson, IR & Marketing Manager
+46 733 26 81 05
ulf.rogius.svensson@crunchfish.com

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

About Crunchfish – crunchfish.com/digitalcash
Crunchfish is a technical pioneer within digital payments with its ground-breaking Digital Cash Wallet using a two-step payment process, first clearing offline followed by online settlement, which makes digital payments robust and independent from the net. Crunchfish Digital Cash Wallet is extremely flexible and may be used with all types of payment services. It is interoperable cross-service/schemes and cross-borders/currencies. It truly delivers the properties of cash, such as instant clearing, offline payments and preserving the payer’s integrity, without requiring any changes to the central or commercial banking infrastructure. This enables CBDC to be rolled out fast in any country.

We have also developed Blippit, an app terminal that connects to cash register systems for both online and offline payments and have a patent-pending solution to reduce food waste. Crunchfish also develops gesture control of smart AR glasses for the consumer market.

Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with representation in India.

Crunchfish Digital Cash Wallet xoxo uses new technology to make cash digital. This is the digital payment of the future and the solution to exploding transaction volumes and financial inclusion worldwide.

In Sweden, cash is disappearing completely and the authorities realize the danger inherent in removing the only means of payment that always works and never jeopardizes your personal privacy. Finansinspektionen requires banks to increase the operational reliability of Swish at the same time as the Central Bank is realizing that its implementation of the e-krona will not be able to deliver the properties of cash.

The e-krona should be implemented as a new currency, or at least using technology that is easy to integrate using the current account based banking infrastructure, making it easy for the Central Bank to implement the e-krona. This would require no changes to today’s digital payment rails in the country. This significant simplification will speed up the implementation of central bank currencies around the world. Building block chain-based solutions to digitizing money is unnecessarily complicated.The Crunchfish Digital Cash Wallet xoxo solves these challenges, as demonstrated by Crunchfish’s contribution together with Swish to the Swedish Post and Telecom Authority’s innovation contest.

–We enable offline and private payments. This is the next generation of the payment solutions of the future and a necessary solution for central banks around the world that are struggling to digitize their countries’ cash, according to Joachim Samuelsson, Crunchfish’s CEO.

Joachim Samuelsson, CEO of Crunchfish
Photo by Joakim Karlsson

A lot of cash is still circulating abroad in countries where digital payment often fails, either due to connection problems or because servers cannot handle the pressure of millions of people wanting to pay digitally due to the pandemic. Crunchfish’s patent-pending Digital Cash Wallet solves these challenges by a two-step payment process. First clearing offline upon payment and then settlement online when the money is moved between accounts. VISA has realised the advantages of this payment architecture.

–Our Digital Cash Wallet complements all types of payment services around the world, whether on mobile or on a card. The Digital Cash Wallet has a mirrored Digital Cash Account that is debited once the payer or the recipient connects online. The Digital Cash Account is blocked and can only be managed from the Digital Cash Wallet, thus protecting against overdrafts and double spending, Joachim Samuelsson explains.

The Digital Cash Wallet xoxo makes payment services globally interoperable. There are billions of cards, digital wallets on smartphones, smart watches and feature phones on the market. Crunchfish will charge the issuing bank or digital wallet provider a subscription fee per active Digital Cash Wallet, similar to how banks issue cards. Financial inclusion in the world is made possible when cards also work completely offline and where other payment solutions can also be integrated to move money between accounts in addition to the card infrastructure.

About Crunchfish – crunchfish.com/digitalcash
Crunchfish is a technical pioneer within digital payments with its ground-breaking Digital Cash Wallet using a two-step payment process, first clearing offline followed by online settlement, which makes digital payments robust and independent from the net. Crunchfish Digital Cash Wallet is extremely flexible and may be used with all types of payment services. It is interoperable cross-service/schemes and cross-borders/currencies. It truly delivers the properties of cash, such as instant clearing, offline payments and preserving the payer’s integrity, without requiring any changes to the central or commercial banking infrastructure. This enables CBDC to be rolled out fast in any country.

Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with representation in India.

Crunchfish Digital Cash Wallet xoxo kan krediteras offline genom clearing av en Digital Cash-betalning från en annan persons Digital Cash-plånbok eller fyllas på genom en interaktion online med sitt korresponderande Digital Cash-konto. Betalningsarkitekturen för Digital Cash låter handlare ha en enkel applikation som krediterar handlarens bankkonto efter en clearing offline.

Crunchfish Digital Cash Wallet xoxo kan bäddas in i vilken betaltjänst som helst, antingen på en mobil eller på ett kort, vilket gör betaltjänsten robust genom att ta bort beroendet av nätuppkoppling. Betalsystemet för Digital Cash bygger på förmågan att säkert kunna hålla och hantera saldon i Digital Cash-plånböcker.  

Saldot i Digital Cash-plånboken kan fyllas på genom att sätta in mer pengar till det korresponderande Digital Cash-kontot. Digital Cash-kontot är blockerat för att kunna garantera att Digital Cash-betalningar framgångsrikt kan genomföras mot detta konto.

Digital Cash-saldot kan även krediteras genom att en offlinebetalning med Digital Cash clearas från en annan persons Digital Cash-plånbok. Detta scenario med betalning från person till person är särskilt intressant i CBDC-implementationer, där personer enkelt ska kunna överföra digital valuta mellan varandra.

Betalningar till handlare krediteras mot handlarens bankkonto efter offlineclearing och efterföljande settlement online. Betalarkitekturen för Digital Cash kräver endast en enkel applikation som körs på handlarens terminal.

För ytterligare information, vänligen kontakta:
Joachim Samuelsson, VD för Crunchfish AB
+46 708 46 47 88
joachim.samuelsson@crunchfish.com 

Ulf Rogius Svensson, IR & Marketing Manager
+46 733 26 81 05
ulf.rogius.svensson@crunchfish.com

Västra Hamnen Corporate Finance AB är Certified Adviser. Epost: ca@vhcorp.se. Telefon +46 40 200 250.

Ladda ner som PDF

Crunchfish Digital Cash Wallet xoxo may be credited offline by clearing a Digital Cash payment from another person’s Digital Cash Wallet or topped-up by an online interaction with its corresponding Digital Cash Account. The Digital Cash payment architecture allows merchants to have thin applications that credits the merchant’s bank account following an offline clearing.

Crunchfish Digital Cash Wallet xoxo may be embedded with any payment service, either on a mobile or a card, making the payment services robust by offline payments independent from the net. The Digital Cash payment system relies on the ability of securely holding and managing balances in Digital Cash Wallets.

The balance of the Digital Cash Wallet may be topped-up by depositing more money in the corresponding Digital Cash Account. The Digital Cash Account is blocked to guarantee that Digital Cash payments may be settled successfully against this account.

The Digital Cash balance may also be credited by clearing an offline Digital Cash payment from another person’s Digital Cash Wallet. This person-to-person payment scenario is especially interesting in CBDC implementations, where people should be able to exchange digital cash between each other swimmingly easy.   

Payments to merchants are credited to the merchant’s bank account after offline clearing and subsequent online settlement. The Digital Cash payment architecture only requires a thin application running on the merchant’s terminal.

For more information, please contact:
Joachim Samuelsson, CEO of Crunchfish AB
+46 708 46 47 88
joachim.samuelsson@crunchfish.com 

Ulf Rogius Svensson, IR & Marketing Manager
+46 733 26 81 05
ulf.rogius.svensson@crunchfish.com

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

About Crunchfish – crunchfish.com/digitalcash
Crunchfish is a technical pioneer within digital payments with its ground-breaking Digital Cash Wallet using a two-step payment process, first clearing offline followed by online settlement, which makes digital payments robust and independent from the net. Crunchfish Digital Cash Wallet is extremely flexible and may be used with all types of payment services. It is interoperable cross-service/schemes and cross-borders/currencies. It truly delivers the properties of cash, such as instant clearing, offline payments and preserving the payer’s integrity, without requiring any changes to the central or commercial banking infrastructure. This enables CBDC to be rolled out fast in any country.

We have also developed Blippit, an app terminal that connects to cash register systems for both online and offline payments and have a patent-pending solution to reduce food waste. Crunchfish also develops gesture control of smart AR glasses for the consumer market.

Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with representation in India.

Crunchfish AB (”Crunchfish”) har lämnat in två ansökningar om varumärkesskydd hos European Union Intellectual Property Office för sin Digital Cash Wallet. Det ena varumärket är ”Crunchfish Digital Cash Wallet” som ordmärke och det andra är två emojis som representerar ”Puss och kram” med den tillhörande domänen xoxo.cash som figurmärke.

Crunchfish har lämnat in ansökan om varumärkesskydd i EU för ordmärket ”Crunchfish Digital Cash Wallet” så väl som figurmärket xoxo.cash med två välkända emojis. Crunchfish har möjlighet att även utöka varumärkesansökningarna till andra områden inom sex månader.

Crunchfish har även ingått ett licensavtal med emoji company GmbH i Tyskland för att få använda två välkända emojis som representerar xoxo – puss och kram – med vår Digital Cash Wallet. Crunchfish har även registrerat domänen xoxo.cash för att tillhandahålla information om Crunchfish Digital Cash Wallet på vår hemsida crunchfish.com/digital-cash.

Anledningen till varför vi använder det välkända begreppet puss och kram – xoxo – härstammar från de fyra olika produktvarianterna i Crunchfish Digital Cash Wallet. Den fullständiga versionen kallas för xsxc då den stödjer transaktioner både mellan olika tjänster (cross-service, xs) och olika valutor (cross-currency, xc). Kärnversionen som inte stöder transaktioner mellan olika tjänster eller olika valutor kallas xoxo. De två andra versionerna stödjer antingen transaktioner mellan olika tjänster xsxo eller olika valutor xoxc.

Crunchfish debiterar en abonnemangsavgift per installerad Digital Cash plånbok till den utgivande banken eller leverantören av den digitala plånboken. Intäkterna kan kontrolleras av Crunchfish som global Certificate Authority med möjlighet att ge ut eller dra tillbaka användarcertifikat för Digital Cash Wallets. Affärsmodellen är välkänd och liknar utgivandet av betaltjänster på smarta kort och stör inte affärsmodellerna som används av Crunchfishs Digital Cash Partners. Global interoperabilitet mellan betaltjänster, mellan betallösningar och även mellan valutor erbjuds som mertjänster till Digital Cash plånboken.

Den adresserbara marknaden för Digital Cash plånböcker är gigantisk eftersom den innefattar miljarder av smarta debet-, kredit-, kontant- och presentkort samt digitala plånboksappar i smartphones, smarta klockor och feature phones på betalrälsarna för kort, realtidsbetalning, closed-loop-plånböcker, riksbanksvaluta, kryptovaluta och mobile money.

För ytterligare information, vänligen kontakta:
Joachim Samuelsson, VD för Crunchfish AB
+46 708 46 47 88
joachim.samuelsson@crunchfish.com 

Ulf Rogius Svensson, IR & Marketing Manager
+46 733 26 81 05
ulf.rogius.svensson@crunchfish.com

Västra Hamnen Corporate Finance AB är Certified Adviser. Epost: ca@vhcorp.se. Telefon +46 40 200 250.

Ladda ner som PDF

Crunchfish AB (“Crunchfish”) has filed two trademark applications at European Union Intellectual Property Office for its Digital Cash Wallet. First, “Crunchfish Digital Cash Wallet” as a word mark and also the two emojis representing “Hugs and Kisses” with the registered domain xoxo.cash as an image mark.

Crunchfish has filed the word mark “Crunchfish Digital Cash Wallet” as well as the image mark xoxo.cash with two well-known emojis within EU. Crunchfish may extend the trademark applications to other jurisdictions within six months.

Crunchfish has also signed a license from the German emoji company GmbH to use the two well-known emojis representing xoxo – Hugs and kisses – with our Digital Cash Wallet. Crunchfish has also registered the domain xoxo.cash to provide Crunchfish Digital Cash Wallet information at our website crunchfish.com/digital-cash.

The rationale for using the well-known Hugs and kisses mark xoxo stems from Crunchfish Digital Cash Wallet’s four product variants. The full version is referred to as xsxc as it supports both cross-service (xs) as well as cross-currency (xc) Digital Cash payments. The core version which supports neither cross-service nor cross-currency is referred to as xoxo. The two other product version supports either cross-service xsxo or cross-currency xoxc.

Crunchfish business model is subscription based per active Digital Cash Wallet, which is charged to the issuing bank or the digital wallet provider. Crunchfish maintains control of its business model as the global Certificate Authority with ability to issue and revoke user certificates for Digital Cash Wallets. This business model is well known in the payment industry as it resembles issuing payment services on smart cards. It is positive that it does not interfere with the business model of Crunchfish Digital Cash Partners. Global interoperability cross-service, cross-scheme and cross-currency will be offered as optional add-ons.

The addressable market for Digital Cash Wallets is huge as it spans billions of smart cards with debit, credit, pre-paid or gift card services as well as digital wallets in apps on smartphones, smart watches and feature phones using any payment scheme of EMV, RTP, closed-loop wallets, CBDC, cryptocurrency or mobile money.

For more information, please contact:
Joachim Samuelsson, CEO of Crunchfish AB
+46 708 46 47 88
joachim.samuelsson@crunchfish.com 

Ulf Rogius Svensson, IR & Marketing Manager
+46 733 26 81 05
ulf.rogius.svensson@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 is a tech company with patent-pending solutions for Digital Cash that can be integrated with both the payment rail and in mobile wallets. The solutions are globally scalable and makes digital payments more robust as the risks of disruptions and downtime are eliminated. We have also developed Blippit, an app terminal that connects to cash register systems for both online and offline payments and have a patent-pending solution to reduce food waste. Crunchfish also develops gesture control of smart AR glasses for the consumer market. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with representation in India.