Crunchfish s Digital Cash Provides Digital Solution for Cashless Payments
News provided by
Share this article
STOCKHOLM, March 11, 2021 /PRNewswire/
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.
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
Crunchfish s Digital Cash Provides Digital Solution for Cashless Payments
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Crunchfish s Digital Cash Provides Digital Solution for Cashless Payments
finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Digital Cash enables cryptocurrency in physical retail
STOCKHOLM, March 8, 2021 /PRNewswire/ 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 propos