Crunchfish Implements Digital Cash on Cards
One year ago, Crunchfish announced a breakthrough innovation of Digital Cash using a two-tier settlement architecture, offline vs. online. Now this ground-breaking solution is extended to also include Digital Cash on cards. By tapping a card on a mobile a user may top-up a balance on the card or alternatively pay to an offline wallet on the mobile. These use cases are relevant for the payment schemes of today as well as CBDC to ensure financial inclusion by supporting a bearer instrument that is very simple to use.
SE: Secure Element, HCE: Host Card Emulation, OEM: Original