Crunchfish CEO Joachim Samuelsson is an expert panellist at the session “The importance of offline payments for CBDCs and financial inclusion” at the DC[3] Conference organized by the Digital Currency Global Initiative by International Telecommunications Union and the Future of Digital Currency Initiative at Stanford University.

The International Telecommunication Union (ITU) is organising the second edition of the DC3 Conference – 24 – 27 January 2023.  The DC3 Conference is being organised as part of the activities of the Digital Currency Global Initiative which is a joint collaboration between the ITU and the Future of Digital Currency Initiative at Stanford University.

Crunchfish CEO Joachim Samuelsson will participate as an expert panellist on a webinar on the topic – The Importance of offline payments for CBDCs and financial inclusion – 27 January 2023 at 11-12.30. Joachim Samuelsson will reflect on practical design considerations required to deliver interoperable, scalable and secure offline payment solutions for CBDCs.

View the conference programme via this link. Register and follow the live conference here.

For more information, please contact:

Joachim Samuelsson, CEO of Crunchfish AB

+46 708 46 47 88

joachim.samuelsson@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 are a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR, automotive and digital interfaces. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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Emergers have published an equity analysis on Crunchfish titled “The most interesting fintech rollout since iZettle.” The model emphasises Crunchfish’s Digital Cash platform, which enables offline payments as an extension of any payment system regardless of type of payment rail. The fair value range is outlined at SEK 48-63 per share over 12-24 months.

As a service to the company’s shareholders and to increase transparency, Crunchfish have commissioned Emergers to conduct analysis of the company. The analysis includes an independent review of the company, markets, products, and competitors, as well as a discounted analysis of a financial forecast of free cash flow that serves as a basis for a fair value range of the company’s market cap.

In the analysis, Emergers write: “With the rise of digital cash, the shift to online has created a gap for users with poor or no connectivity, forcing emerging markets’ Central Banks, commercial banks and payment service providers to scramble for solutions. With a digital payment platform covering the whole spectrum of the ecosystem and an ongoing pilot with India’s largest bank (>60 million customers), Crunchfish now looks to rollout their digital cash solution globally. Estimating 50 million users in 2025 and a per-app-user fee structure, we find support for a fair value range of SEK 48-63 per share in 12-24 months.”

Emergers initial equity analysis is attached and will also be available on Emergers’ and Crunchfish’s websites.

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 24 January 2023 at 11:50 CET.

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

About Crunchfish – crunchfish.com

Crunchfish are a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR, automotive and digital interfaces. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with representation in India.

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This inaugural webinar on practical offline payments design kicked-off the series Enabling offline payments in an online world. Bonni Brodsky at Lipis Advisors presented highlights from the whitepaper A practical guide to designing offline payments, followed by a moderated panel discussion led by Johan Wester together with Beju Shah, Head of Nordic Centre in Stockholm for Bank for International Settlements’ Innovation Hub, and Crunchfish Group CEO Joachim Samuelsson.

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 20 January 2023 at 12:00 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, automotive and digital interfaces. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with representation in India.

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Crunchfish in partnership with Lipis Advisors host a webinar on January 20[th], 2023 to discuss the first whitepaper in the series “Enabling offline payments in an online world” that provides practical advice on how to design offline payment systems. The line-up of expert panellists at the webinar includes payments experts from Lipis Advisors, BIS Innovation Hub and Crunchfish.

Crunchfish in partnership with Lipis Advisors are very pleased to announce the line-up of expert panellists at the webinar tomorrow January 20^th, 2023 at 8 am CET / 12.30 IST that will discuss the first whitepaper in the series “Enabling Offline Payments in an Online World” with the subtitle “A Practical Guide to Offline Payments Design”.

• Bonni Brodsky is a managing consultant at Lipis Advisors, a Berlin-based strategy consultancy focused exclusively on the payments sector. Over the past several years, she has provided strategic advice to global payments players on topics such as payment system modernization, real-time payment adoption, and digital currencies. Originally from the US, she previously worked on the Federal Reserve bank of New York’s trading desk as a global macro and capital markets analyst.
• Beju Shah is the Head of Nordic Centre in Stockholm for Bank for International Settlements’
  Innovation Hub. He is driving, among other things, CBDC Project Polaris: How to implement
  secure and resilient CBDC systems (online and offline). Before then Beju worked for almost 10
  years at the Bank of England in various roles related to digital innovation, as well as heading
  their data services unit and delivering large data transformation programmes.
• Joachim Samuelsson, Group CEO of Crunchfish, a deep tech company focused on offline payments and gesture interaction. Joachim is a serial entrepreneur and tech pioneer with more than 20 patented innovations in digital payments and has been awarded for his entrepreneurship multiple times. He was a seed investor in Crunchfish 2012 and was its Chairman of the Board until 2020 when he became the Group CEO of the Crunchfish.

Bonni Brodsky at Lipis Advisors will start the webinar by presenting highlights from the whitepaper, followed by a moderated panel discussion led by Johan Wester, a Swedish professional entertainer and Creative Director at Skånemotor. All participants are also welcome submit questions over the chat forum to the panel. Register for the webinar here.

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 19 January 2023 at 15.00 CET.

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

About Crunchfish – crunchfish.com
Crunchfish are 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 are listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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Crunchfish are pleased to announce that Lipis Advisors have today released their first whitepaper in the series – Enabling offline payments in an online world. The whitepaper with the subtitle – A practical guide to offline payments design, provides valuable insights to how offline payments relate and can interoperate with online payment system. It provides a novel and elegant way of categorizing offline payment solutions by three design choices which provides the payment ecosystem with a better understanding of the nuances of offline payments.

Lipis Advisors have today, in partnership with Crunchfish, released their first whitepaper – A practical guide for offline payment design – outlining the architectural approach and criteria for offline payments. The whitepaper includes a novel and elegant way to categorize offline payment solutions using three design options. This categorization will be a provide the payments ecosystems and issuers a better understanding of the various kinds of offline payment solutions that may be implemented to augment their online payment systems.

1. Online Payment Rail: The design options are token-based or account-based. All cryptocurrencies are token-based, whereas all real-time payments systems are account-based. Central banks have a choice whether their online payment rail for CBDC should be token- or account-based.

2. Offline Security Protocol: The options are either native (layer-1) or a non-native (layer-2) tokens security protocol. Native/non-native is described in relation to the underlying online payment rail.

3. Offline Trusted Environment: Here the options are either hardware-based or software-based.

Crunchfish, a deep tech company focused on offline payments and gesture interaction, provide Digital Cash solutions for all design choices. The whitepaper presents six offline payments case studies of which two involve Crunchfish Digjtal Cash; the CBDC eNaira project for the Central Bank of Nigeria as well as Offline Retail Payments for HDFC Bank, closely monitored by the Reserve Bank of India in RBI’s Regulatory Sandbox. Both projects use non-native layer-2 tokens issued from a Trusted Environment implemented on smartphones. Whereas eNaira has a token-based online payment rail, the ORP project integrates with an account-based online payment rail.

On Friday the 20th at 8 am CET / 12.30 IST, Crunchfish, in partnership with Lipis Advisors, will host a webinar where payment expert Bonni Brodsky at Lipis Advisors will present the key insights of the whitepaper, followed by a moderator-led panel discussion with Beju Shah, Head of BIS Innovation Hub in the Nordics, and Crunchfish CEO Joachim Samuelsson as panelists. Register here

All webinars will be available on our website, our YouTube channel and as podcasts on Spotify, Apple Podcasts and anywhere where podcasts are available, distributed from our SoundCloud channel. You can subscribe and never miss when we publish new episodes.

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 international organizations, 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 19 January 2023 at 12:00 CET.

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

About Crunchfish – crunchfish.com

Crunchfish are a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR, automotive and digital interfaces. Crunchfish are listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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Crunchfish in partnership with Lipis Advisors announce today a new whitepaper series coupled by webinars in a series on the theme “Enabling offline payments in an online world”. The first whitepaper by Lipis Advisors, due out on January 19th, 2023, and the webinar following on January 20th, 2023 will focus on “A practical guide for offline payment design”.

The interest in offline solutions from central banks, commercial banks and payment system providers have skyrocketed in recent years. Crunchfish in partnership with Lipis Advisors are proud to announce a new whitepaper and webinar series on the theme “Enabling offline payments in an online world” with the purpose of helping central banks, commercial banks and payment service providers understand the many practical aspects and how to implement offline payment solutions.

The video trailer to the whitepaper and webinar series is available here

The first whitepaper focused on practical offline payment design, which will be released on January 19th, 2023, and the subsequent webinar discussing the whitepaper is arranged on January 20th, 2023 at 08.00 CET / 12.30 IST. The webinars will be live streamed on zoom and LinkedIn and recorded and will start with a short presentation of the whitepaper, followed by moderated Q&A with a panel and the audience.

Register for the premiere webinar – A practical guide to offline payments design – following this link

After registering, you will receive a confirmation email containing information about joining the webinar.

All webinars will be available on our website, our YouTube channel and as podcasts on Spotify, Apple Podcasts and anywhere where podcasts are available, distributed from our SoundCloud channel. You can subscribe and never miss when we publish new episodes.

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 international organizations, 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 

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

About Crunchfish – crunchfish.com

Crunchfish are a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR, automotive and digital interfaces. Crunchfish are listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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