Crunchfish receives clean IPRP for key Digital Cash patent application
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.
