Billionaire-backed Swedish startup may have digital cash fix – News 24-7 Live News 24-7 Live
Billionaire-backed Swedish startup may have digital cash fix

Billionaire-backed Swedish startup may have digital cash fix

A Swedish fintech backed by billionaire Mohammed Al Amoudi says it’s found a solution to one of the biggest nightmares of an increasingly cashless world: what happens if the Internet goes dark and we can’t use our phones or cards?

A Swedish fintech backed by billionaire Mohammed Al Amoudi says it’s found a solution to one of the biggest nightmares of an increasingly cashless world: what happens if the Internet goes dark and we can’t use our phones or cards?

Crunchfish AB, in which Al Amoudi holds 17% through investment unit Midroc, is developing software for mobile phones that lets consumers pay merchants in real time, offline and in any currency, including central bank digital currency and Bitcoin.

News Source: Hindustan times

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