Crunchfish announces Digital Cash proximity interaction patent
Crunchfish Digital Cash AB (“Crunchfish”) has received a Notice of Allowance from the Swedish Patent and Registration Office (PRV) regarding proximity interaction in settings where multiple service terminals may be present. The innovation helps the user select or ascertain having a connection to the indented service terminal before committing an action, for instance an offline payment. The Swedish patent application number is SE2050469-2 and has priority until April 2040. A positive patentability assessment IPRP for the corresponding international PCT application has also been received.
Connecting with devices or service terminals nearby using short-range wireless communication, such as Bluetooth, introduces a degree of uncertainty for the user when establishing the connection and committing an action, for instance an offline payment. A reason for such uncertainty is if there are other devices or terminals within Bluetooth range.
This innovation helps the user to select and to be assured that its interaction is with the intended device or terminal by matching audio or visual media content sent from the service terminal with what is expressed on the user’s own device. This is beneficial in other types of digital services in addition to payments, such as information exchanges, identity authentications or access authorization.
“This innovation adds an additional aspect to Crunchfish’s feature-rich Digital Cash patent portfolio. The patent improves the payment experience in situations with multiple Bluetooth service terminals present at retail shops, gas stations, arenas, events, public transportation and person-to-person payments”, says Joachim Samuelsson, Crunchfish CEO.
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 21 September 2022 at 14:30 CET.
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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 a subsidiary in India.