Crunchfish engaging with payment experts Lipis Advisors
Crunchfish is a technical pioneer in the world of offline payments and active in several markets globally. Crunchfish is seeking to develop thought leadership pieces focused on providing insights on offline payment system design and security from a practical implementation perspective. Crunchfish has engaged payment experts Lipis Advisors to research and write two white papers to explore the topic of offline payments.
Over the last five years, interest in offline payments by central banks and other payment system providers has skyrocketed. Offline use is now considered a core feature of a retail Central Bank Digital Currency (CBDC) and major central banks such as RBI, ECB and Bank of England are exploring offline payment functionality in their respective CBDC research projects and proof-of-concepts (PoCs). Additionally, offline functionality is increasingly viewed as essential for commercial real-time payment systems to maximize operational resilience. Despite increased interest in this area by central banks and payment system providers, there is a lack of awareness around the practical design and technology considerations around implementation.
The overall theme of this white paper series is “Enabling offline payments in an online world”. The first white paper will be published in January 2023 with a focus on “Design choices for offline payments”. In March 2023, the second white paper on “Offline payments security” will follow. The white papers will be co-branded public documents, with research carried out independently by Lipis Advisors and sponsorship of the research by Crunchfish. As reference, please find the white paper about Decoding CBDC – Entering the next phase of CBDC exploration
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 internationalorganizations, 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 14 December 2022 at 15:30 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.
