Taiwan has officially granted a patent to Crunchfish Digital Cash AB, a Sweden-based fintech company, for its cutting-edge offline payment solution. The newly awarded patent (No. I888477) covers Crunchfish’s “Reserve–Pay–Settle” technology that enables digital payments to occur securely without an internet connection. The patent will remain valid until January 2041.
The announcement comes after similar patents were approved in the United States in July 2024 and in the European Union, with a decision to grant issued in December 2024 and confirmed in June 2025.
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What Is Crunchfish’s Patent About?
Crunchfish’s patented system allows payments to be made even when devices are offline. The process works in three stages:
- Reserve: The payer locks funds for the transaction.
- Pay: The transaction is digitally signed offline.
- Settle: Once the payer or payee reconnects to the internet, the transaction is settled online.
This approach solves a major challenge in digital payments by providing resilience in areas with limited connectivity or during network outages. It also supports Central Bank Digital Currency (CBDC) initiatives where offline capability is crucial.
📘 For more on Crunchfish’s Digital Cash platform, visit the official site.
Expanding Global IP Footprint
Taiwan becomes the third major jurisdiction to grant Crunchfish a patent for its offline payment system. The company’s technology is now protected in:
- 🇺🇸 United States – Patent granted in July 2024
- 🇪🇺 European Union – Patent finalized in June 2025
- 🇹🇼 Taiwan – Patent issued in July 2025
Patent applications are also pending in India and China. A hearing in India is expected later in July 2025.
Leadership Statement
Joachim Samuelsson, CEO of Crunchfish, commented on the milestone:
“Securing the patent in Taiwan confirms the global value of our innovation. This technology addresses the future of payments, especially in challenging environments.”
📢 See more from Crunchfish in their newsroom
Why This Matters
The patent is crucial for:
- Boosting financial inclusion in offline areas
- Enhancing payment reliability during internet failures
- Supporting CBDC rollouts with offline functionality
- Protecting Crunchfish’s innovation in key Asian markets
The development also increases Crunchfish’s leverage in licensing and future partnerships.
Disclaimer:
This article is based on information available as of July 12, 2025. All IP rights belong to their respective owners. Please consult crunchfish.com and official IP databases for verification and updates.