Crunchfish Digital Cash (“Crunchfish”) has received a positive International Search Report in the international patenting process for its strategically important Trusted Application Protocol (TAP) patent application. Crunchfish’s communication security protocol for mobile applications is based on TAP as it provides end-to-end integrity if internet access is available and enables communication over alternative networks if internet is not available.

Digital payments are not as robust as required given its critical role as a public good in the modern society. This is also true for digital applications in general. Typically implemented using a client server network model, the TAP enables digital service without internet access. Crunchfish’s innovative product Digital Cash telecom is an example of the use of TAP when internet access is not available. This will be piloted for the Digital Rupee, the Central Bank Digital Currency (CBDC) in India. When the internet TCP/IP communication is available the TAP enables end-to-end integrity for client server communications.

The International Search Report (ISR) is the first feedback round in the international PCT patenting process. This has now been issued for Crunchfish’s strategically important TAP patent application with international patent application number PCT/IB2024/051131. The PCT-process and its milestones was described in more detail in the Crunchfish press release from April 2021 when Crunchfish received the ISR for its initial patent application within Digital Cash. 

“The Trusted Application Protocol is a strategically important innovation for Crunchfish as our communication security protocol for mobile applications is based on TAP. Whereas the internet TCP/IP protocol provides survivability in the face of failures between networks, Crunchfish’s TAP provides integrity and robustness for communications between client applications and host servers as well as between applications in proximity”, says Crunchfish CEO and inventor Joachim Samuelsson.

For more information, please contact:

Joachim Samuelsson, CEO of Crunchfish AB

+46 708 46 47 88

joachim.samuelsson@crunchfish.com 

This information is such information as Crunchfish AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 15:00 CET on April 2nd, 2024.

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.

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Crunchfish AB (“Crunchfish”) broadens the Digital Cash solution by patenting secure and scalable mobile wallets using Host-based Card Emulation (HCE) for online as well as offline EMV payments leveraging virtual secure elements. This patent-pending application is of strategic importance for Crunchfish as it extends the company’s total addressable market and the near-term revenue opportunities considerably as mobile wallets with tokenized HCE payments is the major digital payment method in the world, with almost 5 billion mobile wallets at the end of 2023.

It is a challenge to add secure HCE payment capabilities to payment applications on smartphones. Payment applications running on smartphones are implemented in software-based Rich Execution Environments (REEs), which provide high level of scalability but have security issues for HCE payment applications. EMV tokens, credentials and other HCE assets are not safe from attacks. To be truly secure, HCE payments must be implemented as a Trusted Application (TA) within a Tamper Resistant Element (TRE) that protects the TA with an isolated secure runtime for storing of EMV tokens, credentials, and other HCE assets.

A key consideration for establishing the required additional security with maintained scalability is how the TRE is implemented. It could either be implemented in hardware or software. HCE payments implemented in a hardware-based TRE are hard to scale as such TREs are controlled by device manufacturers (OEMs) or mobile network operators (MNOs). A software-based virtual TRE adds the required additional security whilst maintaining the desired scalability as it is easily deployable and maintainable on all smartphones, without any OS, OEM, or MNO dependencies. Furthermore, Crunchfish’s novel approach for HCE payments has the potential to enrich HCE payments by adding novel use cases, e.g. offline, scan and pay and P2P payments.

“This innovation is a significant milestone for Crunchfish as it positions Crunchfish as a disruptive technical provider within the mainstream mobile card payments. The total addressable market and near-term revenue opportunities for Crunchfish are significantly increased by adding HCE payment capabilities to our secure and scalable Digital Cash solution for offline payments.”, says Joachim Samuelsson, Crunchfish’s CEO.

For more information, please contact:

Joachim Samuelsson, CEO of Crunchfish AB

+46 708 46 47 88

joachim.samuelsson@crunchfish.com 

This information is such information as Crunchfish AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on March 27th, 2024.

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.

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Crunchfishs VD Joachim Samuelsson deltog på Västra Hamnens Investerardag där han presenterade det senaste kring Crunchfish. I ett efterföljande Lunchsnack med Johan Wimark på Emergers diskuterades presentationen med möjlighet för aktieägare att ställa frågor. Lunchsnacket täckte fem olika områden.   

• Hur ska Crunchfish lösa sin finansiering?
• Varför behövs offline betalningar och hur är Crunchfishs Digital Cash unikt?
• Crunchfish utveckling av Digital Cash fram till idag
• Varför skall man investera i Crunchfish?
• Övriga frågor

Länkar till inspelningarna av de två eventen finns här:

Västra Hamnens Investerardag

Lunchsnack med frågestund

För mer information, kontakta:
Joachim Samuelsson, CEO of Crunchfish AB
+46 708 46 47 88
joachim.samuelsson@crunchfish.com 

This information was provided by the above for publication on 12th March 2024 at 08:30 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 a subsidiary in India.

You can watch here the Q&A session with Joachim Samuelsson about Crunchfish year-end report for 2023:

Crunchfish year-end report for Q4 2023 is available via the following link:

Year-end 2023 report

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 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.

The webinar about Crunchfish year-end report for Q4 2023 is now available via the following link:

Year-end 2023 webinar

Crunchfish year-end report for Q4 2023 is available via the following link:

Year-end 2023 report

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 above for publication on 15th February 2024 at 18:00 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.

Crunchfish is pleased to publish the company’s year-end report for 2023. CEO Joachim Samuelsson comments that focus is on online payments going forward. To clear the books for 2024 Crunchfish has decided to write-off the gesture business. A webinar with an interview of Crunchfish CEO will be live streamed at 09.00 CET / 13.30 IST today.

The report is available as an attached document to this press release as well as through the company’s website.

“Crunchfish’s journey with offline payments started four years ago when we filed the first patent in January 2020. Crunchfish has explored many aspects of offline payments since then and has continuously expanded the product offering. There are reasons to believe that 2024 may be the commercial breakthrough year for us. To clear the books for 2024 we have decided to write-off the gesture business as well as all IP in the Digital Cash business that is not related to offline payments", says Joachim Samuelsson, Crunchfish’s CEO.

At 09.00 CET/13.30 IST, a live webinar about the report will be hosted on Zoom where Crunchfish CEO Joachim Samuelsson will be interviewed by chief analyst Martin Dominique from Västra Hamnen Corporate Finance. Please register using this link.

A recording of this webinar will also be available afterward on Crunchfish’s website as well as Västra Hamnen Corporate Finance’s website.

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 15th February 2024 at 08:30 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 a subsidiary in India.

Download year-end report 2023

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