Press releases

Crunchfish applies for Digital Cash Wallet EU trademarks

Crunchfish AB (“Crunchfish”) has filed two trademark applications at European Union Intellectual Property Office for its Digital Cash Wallet. First, “Crunchfish Digital Cash Wallet” as a word mark and also the two emojis representing “Hugs and Kisses” with the registered domain xoxo.cash as an image mark.

Crunchfish has filed the word mark “Crunchfish Digital Cash Wallet” as well as the image mark xoxo.cash with two well-known emojis within EU. Crunchfish may extend the trademark applications to other jurisdictions within six months.

Crunchfish has also signed a license from the German emoji company GmbH to use the two well-known emojis representing xoxo – Hugs and kisses – with our Digital Cash Wallet. Crunchfish has also registered the domain xoxo.cash to provide Crunchfish Digital Cash Wallet information at our website crunchfish.com/digital-cash.

The rationale for using the well-known Hugs and kisses mark xoxo stems from Crunchfish Digital Cash Wallet’s four product variants. The full version is referred to as xsxc as it supports both cross-service (xs) as well as cross-currency (xc) Digital Cash payments. The core version which supports neither cross-service nor cross-currency is referred to as xoxo. The two other product version supports either cross-service xsxo or cross-currency xoxc.

Crunchfish business model is subscription based per active Digital Cash Wallet, which is charged to the issuing bank or the digital wallet provider. Crunchfish maintains control of its business model as the global Certificate Authority with ability to issue and revoke user certificates for Digital Cash Wallets. This business model is well known in the payment industry as it resembles issuing payment services on smart cards. It is positive that it does not interfere with the business model of Crunchfish Digital Cash Partners. Global interoperability cross-service, cross-scheme and cross-currency will be offered as optional add-ons.

The addressable market for Digital Cash Wallets is huge as it spans billions of smart cards with debit, credit, pre-paid or gift card services as well as digital wallets in apps on smartphones, smart watches and feature phones using any payment scheme of EMV, RTP, closed-loop wallets, CBDC, cryptocurrency or mobile money.

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.

About Crunchfish – crunchfish.com
Crunchfish is a tech company with patent-pending solutions for Digital Cash that can be integrated with both the payment rail and in mobile wallets. The solutions are 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 cash register systems for both online and offline payments and have a patent-pending solution to reduce food waste. Crunchfish also develops gesture control of smart AR glasses for the consumer market. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with representation in India.


How will we pay in the future? – Crunchfish’s video presentation from All Digital Week

2021-03-26|

Sweden is the country that uses cash the least in the world, and the pandemic has decreased the use of cash even more. We are also becoming increasingly dependent on the network when we pay.

On March 26, Joachim Samuelsson, CEO of Crunchfish, presented at All Digital Week – How will we pay in the future? The presentation in Swedish was held at the event ALL DIGITAL Week, in collaboration with Länsstyrelsen Örebro.
Watch the presentation here.

Crunchfish makes digital payments independent of the network, which solves the problems the world faces when cash is marginalized. Crunchfish offers a digital cash wallet for the world’s payment services, either on your mobile or on a prepaid card, which can be used also when there is no internet connection.

 

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 Crunchfishcrunchfish.com/digital-cash
Crunchfish is a tech company with patent-pending solutions for Digital Cash that can be integrated with both the payment rail and in mobile wallets. The solutions are 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 cash register systems for both online and offline payments and have a patent-pending solution to reduce food waste. Crunchfish also develops gesture control of smart AR glasses for the consumer market. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with representation in India.


Crunchfish presents at All Digital Week – How will we pay in the future?

2021-03-22|

Sweden is the country that uses cash the least in the world, and the pandemic has decreased the use of cash even more. We are also becoming increasingly dependent on the network when we pay.

On Friday 26th of March at 13.00, Joachim Samuelsson – CEO of Crunchfish – will present how we become independent of the net when we pay, which solves a number of problems that the world faces when the cash disappears. Crunchfish offers a digital cash wallet for the world’s payment services, either on your mobile or on a prepaid card, which can be used also when there is no internet connection.

The presentation is one of several during the event ALL DIGITAL Week, which is a European campaign week where everyone who works for increased digital participation can attend.

Registration is made at:
https://www.lansstyrelsen.se/orebro/om-oss/kalender/kalenderhandelser—orebro/2021-02-24-hur-kommer-vi-betala-i-framtiden.html

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 Crunchfishcrunchfish.com/digital-cash
Crunchfish is a tech company with patent-pending solutions for Digital Cash that can be integrated with both the payment rail and in mobile wallets. The solutions are 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 cash register systems for both online and offline payments and have a patent-pending solution to reduce food waste. Crunchfish also develops gesture control of smart AR glasses for the consumer market. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with representation in India.


Crunchfish’s business model for Digital Cash explained

2021-03-17|

Västra Hamnen Corporate Finance has today published a video interview with Crunchfish CEO Joachim Samuelsson that lays out the company’s business model in Digital Cash.

Crunchfish‘s Digital Cash Wallet offers an exceptionally flexible and interoperable offline payment service that compliments any online payment service with capabilities that replicate the use of physical cash. Crunchfish introduces a subscription-based business model per Digital Cash Wallet deployed, to be charged to the issuing bank or digital wallet provider.

Crunchfish’s business model will be a subscription model charged per deployed Digital Cash Wallet to the issuing bank or digital wallet provider. The business model will be controlled by Crunchfish as a global Certificate Authority, providing signed certificates for use in the Digital Cash Wallets. The business model is well known in the payment industry as it is similar to issuing payment services on smart cards and it does not interfere with the business model of Crunchfish Digital Cash Networks-, Banks-, Processors-, Wallet-Partners. Globalinteroperability cross-service, cross-scheme and cross-border will be offered as optional add-ons.

The addressable market for Digital Cash Wallets is huge as it spans billions of smart cards with debit, credit, pre-paid or gift card services as well as digital wallets in apps on smartphones, smart watches and feature phones using any payment scheme of EMV, RTP, closed-loop wallets, CBDC, cryptocurrency or mobile money.

Press release that introduced Crunchfish’s business model for Digital Cash:

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.

About Crunchfish – crunchfish.com
Crunchfish is a tech company with patent-pending solutions for Digital Cash that can be integrated with both the payment rail and in mobile wallets. The solutions are 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 cash register systems for both online and offline payments and have a patent-pending solution to reduce food waste. Crunchfish also develops gesture control of smart AR glasses for the consumer market. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with representation in India.


Crunchfish introduces Digital Cash business model

Crunchfish‘s Digital Cash Wallet offers an exceptionally flexible and interoperable offline payment service that compliments any online payment service with capabilities that replicate the use of physical cash. Crunchfish introduces a subscription-based business model per Digital Cash Wallet deployed, to be charged to the issuing bank or digital wallet provider.

Crunchfish’s Digital Cash Wallet is an exceptionally flexible and interoperable solution that compliments any digital payment service on smart cards or in digital wallets with capabilities that replicates paying with cash. A two-step hierarchical architecture makes Digital Cash payments independent from the net, offering instant clearing offline at the moment of payment, followed by settlement online to move money between accounts.

The Digital Cash Wallet has a mirrored virtual online account which is debited when either the payer or the receiver connects online. The virtual account may only be debited from the Digital Cash Wallet, protecting against overdrafts, and it also registers all activity in the Digital Cash Wallet.

Crunchfish’s business model will be a subscription model charged per deployed Digital Cash Wallet to the issuing bank or digital wallet provider. The business model will be controlled by Crunchfish as a global Certificate Authority, providing signed certificates for use in the Digital Cash Wallets. The business model is well known in the payment industry as it is similar to issuing payment services on smart cards and it does not interfere with the business model of Crunchfish Digital Cash Networks-, Banks-, Processors-, Wallet-Partners. Global interoperability cross-service, cross-scheme and cross-border will be offered as optional add-ons.

The addressable market for Digital Cash Wallets is huge as it spans billions of smart cards with debit, credit, pre-paid or gift card services as well as digital wallets in apps on smartphones, smart watches and feature phones using any payment scheme of EMV, RTP, closed-loop wallets, CBDC, cryptocurrency or mobile money.

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 is a tech company with patent-pending solutions for Digital Cash that can be integrated with both the payment rail and in mobile wallets. The solutions are 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 cash register systems for both online and offline payments and have a patent-pending solution to reduce food waste. Crunchfish also develops gesture control of smart AR glasses for the consumer market. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with representation in India.


Cash is dead, long live cash!

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.


New company group structure in Crunchfish

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 receives Chinese patent regarding proximity-based authentication

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.


Joachim Samuelsson. Genius Leadership. S3E1.

Also available as podcast via SoundCloud, Apple Podcasts, Spotify and elsewhere where podcasts are available.

Welcome to the first interview in Season 3: Digital Cash – Partners and Patents! We are starting out with an interview with our own CEO, Joachim Samuelsson by Anna Liebel. 

Joachim Samuelsson is a serial entrepreneur and a tech pioneer with over 20 patents in Digital Cash and Proximity Interaction. Prior to Crunchfish Joachim had successful engagements in ComOpt, Actix and Biomain. He started his career at Ericsson in 1989 after a Master of Science degree from Linköping. He involves himself in many social activities pro-bono, e g several business networks, a football club in his hometown Helsingborg, as well as youth entrepreneurship.

In this interview, Joachim and Anna talk about leadership and fostering an environment where curiosity, creativity and caring can prevail. Joachim also tells a story from his military service, where a major gave a fantastic piece of leadership advice that Joachim has used throughout his entrepreneurial career. During Season 2: Cash goes digital – a payment pandemic, Anna Liebel was interviewed in return on Leadership. Here is a link to that interview. https://www.youtube.com/watch?v=SzhmLSI5Jek

This is interview 1 in season 3: Digital Cash – Partners and Patents, out Monday morning at 6 am CET / 10.30 am IST. https://www.crunchfish.com/the-interviews/

Länk: https://www.youtube.com/watch?v=9opZajSwAjs


Digital Cash enables cryptocurrency in physical retail

Crunchfish has created its own cryptocurrency Crunchcoins in an official Ethereum blockchain based test network and integrated it with Crunchfish’s Digital Cash with the purpose to showcase cryptocurrency offline payments and interoperability in physical retail.

Digital Cash may be integrated with any of the current payment schemes – card, Real-Time Payment and closed-loop wallets – as well as the payment schemes of tomorrow – Central Bank Digital Currency (CBDC) and cryptocurrencies.

Crunchfish has created its own cryptocurrency Crunchcoins to experiment and showcase that the world’s cryptocurrencies may be used in physical retail by integrating Digital Cash in a digital offline wallet. Digital Cash is based on a patent-pending two-tier settlement architecture, first offline at the moment of payment followed by settlement online to move money between accounts. VISA has recently proposed this two-tier architecture for CBDC. The digital offline wallet manages an offline balance, which is locked at a corresponding virtual account at the bank or the payment service to guarantee that enough funds are available at the settlement online. The two-tier settlement architecture enables cryptocurrency with payment services interoperability, cross-scheme and cross-border, and that it may be used within retail in the world.

”Digital Cash with cryptocurrency enables offline payments and payment services interoperability. This creates the possibility for broad scale use of crypto within retail”, says Paul Cronholm, Crunchfish’s founder and CTO.

Cryptocurrency is a digital currency without any central regulating body where cryptographic methods are used to guarantee transactions with a distributed consensus by blockchains. Bitcoin and Ether from Ethereum are well known examples. Cryptocurrencies have often been used for speculative investments, which has made the exchange rates very volatile.

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 8, 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.