{"id":459337,"date":"2021-03-17T03:42:54","date_gmt":"2021-03-17T07:42:54","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=459337"},"modified":"2021-03-17T03:42:54","modified_gmt":"2021-03-17T07:42:54","slug":"crunchfish-introduces-digital-cash-business-model","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/crunchfish-introduces-digital-cash-business-model\/","title":{"rendered":"Crunchfish introduces Digital Cash business model"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n STOCKHOLM<\/span>, March 17, 2021<\/span> \/PRNewswire\/ — 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.<\/p>\n

Crunchfish’s Digital Cash Wallet<\/a>\u00a0is an exceptionally flexible and interoperable solution that compliments any digital payment service on smart cards<\/a>\u00a0or in digital wallets<\/a>\u00a0with capabilities that replicates paying with cash. A two-step hierarchical architecture<\/a>\u00a0makes 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.<\/p>\n

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.<\/p>\n

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<\/a>\u00a0cross-service, cross-scheme and cross-border will be offered as optional add-ons. <\/p>\n

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.<\/p>\n

\n About Crunchfish <\/b>– crunchfish.com<\/a>
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 Malm\u00f6, Sweden<\/span> and with representation in India<\/span>.<\/p>\n

\n For more information, please contact: <\/b>
\n
\n Joachim Samuelsson<\/span>
\n
CEO of Crunchfish AB
+46\u00a0708 46 47 88
joachim.samuelsson@crunchfish.com<\/a>\u00a0<\/p>\n

V\u00e4stra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se<\/a>. Telephone +46 40 200\u00a0250.<\/p>\n

This information was brought to you by Cision http:\/\/news.cision.com<\/a><\/p>\n

\n https:\/\/news.cision.com\/crunchfish\/r\/crunchfish-introduces-digital-cash-business-model,c3307869<\/a>\n <\/p>\n

The following files are available for download:<\/p>\n

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\n https:\/\/news.cision.com\/crunchfish\/i\/dc-business-model,c2889624<\/a>
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\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/crunchfish-introduces-digital-cash-business-model-301249142.html<\/a><\/p>\n

SOURCE Crunchfish<\/p>\n<\/p><\/div>\n

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PR Newswire STOCKHOLM, March 17, 2021 \/PRNewswire\/ — 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\u00a0is an exceptionally flexible and interoperable solution that compliments any digital payment service on smart cards\u00a0or in digital wallets\u00a0with capabilities that replicates paying with cash. A two-step hierarchical architecture\u00a0makes 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 … <\/p>\n

Continue reading “Crunchfish introduces Digital Cash business model”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-459337","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCrunchfish introduces Digital Cash business model - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/crunchfish-introduces-digital-cash-business-model\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crunchfish introduces Digital Cash business model - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire STOCKHOLM, March 17, 2021 \/PRNewswire\/ — 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\u00a0is an exceptionally flexible and interoperable solution that compliments any digital payment service on smart cards\u00a0or in digital wallets\u00a0with capabilities that replicates paying with cash. A two-step hierarchical architecture\u00a0makes 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. 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