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.