Crunchfishs Digital Cash plånbok erbjuder en exceptionellt flexibel och interoperabel betaltjänst som möjliggör för dagens nätberoende betaltjänster att erbjuda betalning som liknar kontantbetalning. Crunchfishs affärsmodell för Digital Cash plånböcker kommer baseras på en abonnemangsavgift per installerad Digital Cash plånbok, som debiteras utgivande bank eller leverantören av den digitala plånboken.

Crunchfishs Digital Cash plånbok är en exceptionellt flexibel och interoperabel lösning som kompletterar alla typer av digitala betallösningar, både på kort och i digitala plånböcker, med möjlighet till betalning som liknar kontanters. En hierarkisk tvåstegsarkitektur gör Digital Cash-betalningar oberoende av nätet och erbjuder omedelbar clearing offline i betalningsögonblicket, följt av avveckling online för att flytta pengar mellan konton.Digital Cash plånboken har ett speglat virtuellt konto online som debiteras när betalaren eller mottagaren kopplar upp sig. Det virtuella kontot registrerar all aktivitet och kan endast debiteras från Digital Cash plånboken, vilket skyddar mot övertrassering och dubbelspendering.

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 genom signering av de certifikat som används av Digital Cash plånboken. Affärsmodellen är välkänd och liknar utgivandet av betaltjänster på smarta kort och stör inte affärsmodellerna som används av Crunchfishs Digital Cash Partners inom nätverk, banker, processorer och digitala plånböcker. Global interoperabilitet mellan betaltjänster, mellan betallösningar och även mellan länder 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 de 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 

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

Om Crunchfish – crunchfish.com
Crunchfish är ett techbolag med patentsökta lösningar för Digital Cash som kan integreras både med betalningsrälsen och mobila plånböcker. Lösningarna är globalt skalbara och gör digitala betalningar mer robusta eftersom riskerna med störningar och driftstopp elimineras. Vi har också utvecklat Blippit, en appterminal som ansluts till kassasystem för både online- och offlinebetalningar och har en patentsökt lösning för att minska matsvinnet. Crunchfish utvecklar även geststyrning av smarta AR-glasögon till konsumentmarknaden. Crunchfish är sedan 2016 noterade på Nasdaq First North Growth Market med huvudkontor i Malmö och med representation i Indien.

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Sweden might be cashless in three years’ time. That would mean the disappearance of the only means of payment that always works and never jeopardizes personal integrity. Although offering the unique features of cash in digital form is urgent, the process of finding an alternative is currently too slow. Besides, the technology used is inefficient and unnecessary. Now, Crunchfish is taking on a leadership role and showing how it’s done.

Even today, many businesses are opting out of cash. The digital cash equivalent will be welcome in commerce, since it’s far more secure, efficient and cheaper than how we currently handle cash.

The move towards a cashless society must have its benefits, but in the near future Sweden will be missing the only means of payment that always works. Downtime and long Internet disruptions could paralyze the country. The National Bank’s e-crown experiment has been debated in three webinars moderated by Crunchfish. Sadly, the process is a slow one, involving unnecessary blockchain technology that does not even address the core problem. For Sweden this is serious, as we’re poised to become the world’s first cashless society. 

But the National Bank is not alone in being on the wrong track. The entire world’s Central Bank Digital Currency (CBDC) industry is at a dead end in its quest to digitize cash as a new money format, rather than offering the properties of cash digitally. It is not the banknote that should be digitized, but the money order. Both represent a value, but the money order also defines the payer and the payee. This simple yet fundamental change makes everything fall into place, and the old standard account-based way works just fine. The only thing required to offer the features of cash digitally is Crunchfish’s Digital Cash.

Crunchfish recently made a submission, in collaboration with Swish to the Swedish Post and Telecoms Agency’s innovation competition, implementing the unique features of cash to account based transactions. If Swish’s member banks choose to implement Digital Cash, Sweden will be offered digital cash guaranteed by the banking system, instead of the National Bank.

Two minute interview with Crunchfish CEO Joachim Samuelsson: Why Digital Cash?

Long interview with Crunchfish CEO Joachim Samuelsson on Digital Cash

Crunchfish’s Digital Cash offers a digital wallet to all the world’s payment services, whether on mobile or on a cash card, usable even without an Internet connection. The digital wallet manages a balance that is linked to a virtual account where all transactions are registered when the user is online. The virtual account balance is blocked to guarantee coverage when offline payments are settled online against this account.

Crunchfish Digital Cash works with all payment schemes and is based on a patent-pending two-step settlement, first offline at the moment of payment, and then online when the cash is moved between the accounts. VISA recently proposed this architecture, as CBDC and Crunchfish are VISA’s technology partners. The most exciting part of this two-step architecture is its ability to offer globally interoperable payment services. Even in the future, cash is king.

About Crunchfish – crunchfish.com/digitalcash
Crunchfish is a tech company with a patent-pending solution for digital offline payments that can be integrated both with the payment rail or in a mobile wallet. The offline solution is globally scalable and makes digital payments more robust as the risks of disruptions and downtime are eliminated. Crunchfish has been listed on Nasdaq First North Growth Market since 2016 with headquarters in Malmö, Sweden and with representation in India.

Crunchfish AB (“Crunchfish”) today announces that the company has started a restructuring of the company group structure, with the purpose to clarify the different business areas and put these in relevant subsidiaries. With the new company group structure, Crunchfish’s different business areas will be operated in separate wholly owned subsidiaries, each of which can report its own revenues and expenses. The new company group structure will not have any direct financial impact on Crunchfish, but only aims to create a further increase in clarity and transparency.

Crunchfish Proximity AB is undergoing a name change to Crunchfish Digital Cash AB with Patrik Lindeberg as CEO. The closely related solution areas Digital Cash, Blippit and Nearby are part of this company. Crunchfish starts a new subsidiary, Crunchfish Food Waste AB with a focus on Food Waste in which Linda Kronby will be the new CEO. Linda will also continue as CEO of Blippit AB, which Crunchfish Digital Cash AB owns together with ClearOn AB in equal parts. The third subsidiary is Crunchfish Gesture Interaction AB, where Joakim Nydemark is still CEO.

“Our new group structure clarifies our three main solution areas and provides the market with transparent information as wholly owned subsidiaries with their own accounts”, says Joachim Samuelsson, Crunchfish’s Group CEO.

For more information, please contact:
Joachim Samuelsson, Group 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 a patent-pending solution for digital offline payments that can be integrated both with the payment rail or in a mobile wallet. The offline solution is 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 a cash register system for both online and offline payments. Crunchfish also develops gesture control of smart AR glasses for the consumer market. Crunchfish has been listed on Nasdaq First North Growth Market since 2016 with headquarters in Malmö, Sweden and with representation in India.

Crunchfish AB (”Crunchfish”) har av det kinesiska patentverket erhållit ett förhandsbesked (Notice of Allowance) om att patent avseende närhetsbaserad autentisering kommer att beviljas. Patentet skyddar hur mobilanvändaren bevisar sin identitet eller påvisar ägande av värdehandling vid närhetsbaserad interaktion. Den kinesiska patentet har nummer 201680030051.6 och gäller till mars 2036. Detta patent har tidigare erhållits i Sverige, Europa och USA.

Patentet skyddar närhetsbaserad autentisering och förhindrar otillbörlig användning av andras identiteter eller värdehandlingar vid närhetsbaserad interaktion. Det höjer säkerhetsnivån ytterligare för applikationer som implementerar Crunchfishs interaktionslösningar vid mobil betalning genom publik nyckelinfrastruktur bevisar mobilanvändarens identitet eller påvisar ägande av värdehandling som exempelvis en rabattkupong eller färdbiljett inom kollektivtrafiken.

”Detta är ett grundpatent som ökar säkerheten i applikationer som implementerar Crunchfishs närhetsbaserade interaktionslösningar”, säger Paul Cronholm, Crunchfishs CTO.

Crunchfishs patentportfölj
Crunchfish har, nationellt och internationellt, cirka 100 aktiva patent och patentansökningar inom Crunchfishs fem lösningsområden om man räknar patenträttigheter per land. Om man istället räknar unika uppfinningar och beviljade uppfinningar så finns inom Crunchfish 40 unika uppfinningar / 29 beviljade uppfinningar, och uppdelat per lösningsområde: Digital cash 7/0, Blippit 6/5, Food Waste 1/1, Nearby 14/12, Gestures 12/11. Bolaget äger samtliga sina patent och patentansökningar utan begränsningar.

Crunchfishs strategi är att skydda bolagets teknologi på alla geografiska marknader som bedöms vara av betydelse. Crunchfish har för avsikt att utöka sin patentportfölj kontinuerligt till utvalda marknader och genom nya uppfinningar.

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.

Denna information är sådan information som Crunchfish AB är skyldigt att offentliggöra enligt EU:s marknadsmissbruksförordning. Informationen lämnades, genom ovanstående kontaktpersons försorg, för offentliggörande den 9 mars 2021.

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Crunchfish AB (“Crunchfish”) has received a Notice of Allowance from the Chinese Patent Office that a patent regarding proximity-based authentication will be granted. The patent protects how the mobile user proves his or her identity or demonstrates ownership of a document of value in a proximity-based interaction. The Chinese patent, with patent number 201680030051.6, is valid until March 2036. This patent has previously been granted in Sweden, Europe and the USA.

The patent protects proximity-based authentication and prevents improper use of other people’s identities or documents of value in proximity-based interaction. It further raises the level of security for applications that implement Crunchfish’s interaction solutions for mobile payment, by public key infrastructure technology which proves the mobile user’s identity or demonstrates ownership of a document of value such as a discount voucher or travel ticket in public transport.

“This is a core patent that increases security in applications that implement Crunchfish’s proximity interaction solutions”, says Paul Cronholm, Crunchfish’s CTO.

Crunchfish’s patent portfolio
Crunchfish has about 100 active patents and patent applications nationally and internationally within Crunchfish’s five solution areas, counting patent rights per country. Counting unique inventions and granted inventions instead, there are 40 unique inventions/29 granted inventions in the company, and divided by solution area: Digital cash 7/0, Blippit 6/5, Food Waste 1/1, Nearby 14/12, Gestures 12/11. Crunchfish owns all its patents and patent applications without restrictions.

Crunchfish’s strategy is to protect the company’s technology in all geographic markets that are deemed important. Crunchfish intends to continuously expand its patent portfolio to selected markets and through new inventions.

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.

This information is information that Crunchfish AB is obliged to publish in accordance to the EU Market Abuse Regulation. The information was provided by the contact person above for publication on March 9, 2021.

About Crunchfish – crunchfish.com/digitalcash
Crunchfish is a tech company with a patent-pending solution for digital offline payments that can be integrated both with the payment rail or in a mobile wallet. The offline solution is 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 a cash register system for both online and offline payments. Crunchfish also develops gesture control of smart AR glasses for the consumer market. Crunchfish has been listed on Nasdaq First North Growth Market since 2016 with headquarters in Malmö, Sweden and with representation in India.

Crunchfish today announces that the company has launched a Developer Portal. On this portal, SDK’s, integration guides, documentation and other useful tools will be available, to make it easy for our partners to integrate with our different solution areas.  

Visit our Developer Portal

Through the portal, Crunchfish will provide developers with software development kits, technical documentation, sample source code, reference guides and more for testing and developing new and innovative applications. Interested developers are welcome to contact us in order to get access to the portal.

For more information, please contact:
Patrik Lindeberg, CEO of Crunchfish Proximity AB
+46 730 35 67 15
patrik.lindeberg@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 a patent-pending solution for digital offline payments that can be integrated both with the payment rail or in a mobile wallet. The offline solution is 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 a cash register system for both online and offline payments. Crunchfish also develops gesture control of smart AR glasses for the consumer market. Crunchfish has been listed on Nasdaq First North Growth Market since 2016 with headquarters in Malmö, Sweden and with representation in India.