Crunchfish receives US patent for the initial fundamental Digital Cash innovation
Crunchfish Digital Cash AB (“Crunchfish”) has received a Notice of Allowance from the US Patent and Trademark Office (USPTO) for its initial Digital Cash patent application indicating that all claims are deemed patentable. US is the first jurisdiction to grant a patent for this innovation. The patent with application number US 17/796 050 is valid until January 2040, 20 years from the original filing date.
This patent protects many fundamental aspects of offline payments. The basic scope is that the transaction is digitally signed by the payer and transmitted locally to the payee as a token providing the payee with a digitally signed commitment. When any of the parties gets online access, the transaction, stored by both parties, is communicated to the back-end ledger independently of each other.
This patent application has previously received a positive International Preliminary Report on Patentability and it is now in the process of being nationalized in the US, Europe, India, China, and Taiwan.
” It is extremely pleasing that our first and very fundamental Digital Cash patent application for offline payments is now granted in the US. This is strategically important for several reasons; the patent application has an early priority date January 2020, a very wide scope that protects many technical aspects and we expect that our many other Digital Cash patent applications may also later be granted in other jurisdictions”, says Joachim Samuelsson, CEO of Crunchfish.
For more information, please contact:
Joachim Samuelsson, CEO of Crunchfish AB
+46 708 46 47 88
joachim.samuelsson@crunchfish.com
This information is such information as Crunchfish AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 11:45 CET on July 1st, 2024.
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 deep tech company developing a device-agnostic generic trusted client application platform for offline payments, tokenized card payments as well as other mobile client / server systems. Crunchfish has been listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.
