Why are payments dependent on the internet?
It is very convenient to pay with cash. It is easy to use and it safeguards personal privacy. The single most important property is that it always works and so should also digital payments.
Why are payments dependent on online services?
It is very convenient to pay digitally. But societies becomes vulnerable when they are dependent on online services. This is an unnecessary risk to take.
Crunchfish provides resilience by enabling users to pay offline.
Digital Cash market
Crunchfish divides the offline payment market in commercial payment systems and Central Bank Digital Currency (CBDC) implementations. Digital Cash is agnostic to the underlaying payment scheme, providing the same level of resilience to all systems. UPI in India, PIX in Brazil and PromptPay in Thailand are examples of leading real-time payment systems on the commercial side. Most of the world’s central banks are evaluating or preparing to launch CBDC implementations. Support for offline payments is on the agenda for most of these systems.
Demos – Digital Cash offline payment
Patents
Protected areas
Offline payments
Trusted Client Applications
Proximity interaction
Priorities from 2018.
16
UNIQUE INNOVATIONS
6
GRANTED INNOVATIONS*
*Includes positive International Preliminary Reports on Patentability (IPRP)
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