STOCKHOLM: 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.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!