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  1. FinTech

Centi Franc by Centi Ltd

PreviousCentbee (FinTech)NextDXS

Last updated 2 months ago

PROJECT OVERVIEW

  • Product: Centi Franc stablecoin

  • Company Name: Centi Ltd

  • Industry: Financial Services

  • Website URL & important links:

EXECUTIVE SUMMARY

The Centi Franc Payment Token (CCHF) is the ideal digital payment product. It combines all of the advantages of cash with the convenience of electronic payments. The CCHF token is designed to facilitate micropayments, but best of all, it is 1:1 backed by a Swiss Bank Guarantee. Please see full terms here: .

ABOUT THE ORGANIZATION

Centi is a pioneer in digital financial services operating products such as the Centi App, wich provides digital cash exchange services as well as global remittances services to consumers. Most services can also be provided to unbanked people.

Our business product range consists of an entire toolbox from API to fully web based cashiers and advanced promotion tools.

On the base layer the Centi Franc provides the transparent, fast, efficient, stable, and secure means to conduct business in a direct and peer to peer fashion.

INDUSTRY CONTEXT

Industry Problems & Challenges

Indirect payments and payments which need multiple parties to settle are expensive as all parties involved have a cost, compliance structure and drive for profit. The digitization in the web as well as in retail shifts all payments to such indirect payments (debit or credit).

Centi Franc provides a stable, secure and micropayments capable way to transact in a peer to peer fashion. This means that the advantages of digital currencies and the stability of the Swiss Franc are combined into a hyper scalable payment base layer.

Together with Centi's other financial services this enables valuable use cases and payments with over 500 merchants in Switzerland today.

Key regulations or compliance considerations in this industry

1. Anti-Money Laundering (AML) & Know Your Customer (KYC)

  • The token issuer (Centi Ltd) is required to conduct KYC and AML checks.

  • Users must complete identity verification before purchasing or redeeming CCHF tokens.

  • This is in line with Swiss financial regulations and international standards to prevent illicit use.

2. FINMA Classification

  • CCHF is classified as a payment token under Swiss law.

  • The document notes that CCHF is not a security, which exempts it from certain financial market regulations, such as those applying to securities offerings.

3. Swiss Law Compliance

  • The issuance and use of CCHF tokens comply with Swiss financial market infrastructure regulations.

  • Centi is required to operate under a regulatory framework for payment services and financial intermediaries, particularly in accordance with the Swiss Anti-Money Laundering Act (AMLA).

4. No Legal Tender

  • Although the token is pegged to the Swiss Franc (CHF), it is not legal tender and must not be presented as such.

  • Users are informed that CCHF is a digital representation and should not be confused with fiat currency issued by the Swiss National Bank.

5. Redemption and Transparency

  • CCHF tokens are fully backed by Swiss Franc deposits.

  • These deposits are held at regulated Swiss financial institutions, ensuring redeemability and transparency.

  • Regular audits or third-party verifications may be conducted to prove full reserve backing.

6. User Responsibility

  • Users must ensure compliance with their local laws when interacting with the token.

  • Centi disclaims responsibility for the legality of use outside Switzerland.

7. Restrictions and Limitations

  • Certain jurisdictions may be restricted from accessing or using CCHF tokens due to regulatory incompatibilities.

  • The terms include a warning against offering or distributing tokens in countries where such actions would require special authorization.

PROBLEM STATEMENT

Access to affordable, reliable, and regulated digital payment solutions remains limited—especially for unbanked populations, small merchants, and users in high-fee or unstable financial environments. Existing cryptocurrencies are too volatile for daily transactions, while many stablecoins lack transparency and regulatory oversight. Traditional payment systems are often expensive, slow, and inaccessible to those who need them most.

Limitations in the traditional approach or legacy system

1. High Fees for Transactions

  • Especially in cross-border payments and remittances, legacy systems often involve multiple intermediaries and high service fees.

  • This makes small-value transfers impractical and expensive.

2. Slow Settlement Times

  • Traditional banks and payment networks can take days to settle cross-border transactions, especially outside of regular banking hours or on weekends.

3. Limited Financial Inclusion

  • Millions remain unbanked or underbanked globally because legacy systems require formal identification, credit history, or access to physical branches.

  • Small merchants and informal vendors are often excluded due to costly onboarding processes and infrastructure limitations.

4. Lack of Transparency and Real-Time Verification

  • Users and merchants often have limited visibility into payment status, fees, or currency conversion rates until after a transaction is complete.

  • This opacity undermines trust and predictability.

5. Currency Volatility in Local Economies

  • In some regions, users face unstable local currencies, but traditional systems don’t offer easy access to stable, fiat-pegged alternatives for daily use.

6. Limited Programmability

  • Legacy systems don't support automated or programmable payments, making it hard to build modern, integrated financial applications or microservices.

7. Regulatory Friction Across Borders

  • Operating across multiple jurisdictions requires navigating complex compliance frameworks, which can delay innovation and restrict access to global users.

WHY BSV BLOCKCHAIN?

BSV's scalable, cost-efficient, and programmable infrastructure makes it an ideal backbone for Centi Franc (CCHF), enabling reliable, fast, and low-cost digital cash transactions that meet both commercial and regulatory needs.

1. Scalability

  • BSV handles high transaction volumes, which is essential for supporting mass adoption of CCHF in real-world commerce, including micro-payments and high-frequency retail activity.

  • This allows Centi to scale up without worrying about congestion or performance bottlenecks, even with large user bases or peak transaction times.

2. Reliability

  • BSV offers stable infrastructure and predictable performance, which is crucial for a financial product aiming to replace or complement cash and traditional payments.

  • Centi benefits from a consistent and secure settlement layer, ensuring transaction finality and user trust.

3. Low Transaction Fees

  • One of BSV’s standout features is its extremely low fees (fractions of a cent).

  • This aligns perfectly with Centi’s vision of enabling cost-effective micro-transactions, especially in emerging markets or small-scale retail environments.

4. Scripting Capabilities

  • BSV supports powerful on-chain scripting, allowing Centi to implement smart features like:

  • Time-locked or conditional payments

  • Multi-signature wallets for added security

  • Custom redemption rules

  • These scripting tools give Centi the flexibility to build trust-minimized, programmable finance tools within a fully regulated framework.

BSV features used

  • Smart contracts

  • Micropayments

  • Tokenization

  • UTXOs and their cash-like nature

Function of the BSV features used

Custom BSV script via Stas token. STAS tokens offer developers and token issuers enhanced tools for enterprise growth. These tokens are customizable through various templates, allowing users to input relevant data tailored to their specific use cases. This flexibility ensures that STAS tokens can be adapted for diverse applications within the ecosystem.

SOLUTION ARCHITECTURE

The Centi Franc is a digital promissory note whereby each holder that is not Centi itself has a valid claim redeemable with Centi of one Swiss franc for each token. Centi has a bank guarantee for each of these issued tokens, such that the holder of the token has a claim against a Swiss bank guarantee, shall Centi not be able to fulfil its obligation to uphold the claim. These tokens are issued on the STAS token contract referenced in the whitepaper.

IMPLEMENTATION

Notable milestones, funding rounds, or partnerships

Partnership with STAS Tokens as well as the Swiss Bank (details in whitepaper)

RESULTS & IMPACT

Key quantitative results

Key qualitative benefits

We have demonstrated 1.2 million microtransactions within 24h with the Centi Franc and the internal cost for these transactions was 5 USD.

Testimonials & Recognition

CHALLENGES & LESSONS LEARNED

Biggest challenges in building and launching this project

Regulatory Clearance, Building Partner Trust, Swiss Bank Guarantee

Lessons learned

Persevere

FUTURE PLANS

We are eying other currencies like EUR, GBP, etc.

Plan to continue using or evolving with BSV blockchain

Will remain backbone of Centi Franc

Centi then uses also to enable payments with these STAS tokens.

(For full legal please see the . The below description is not a full description and only the description in our whitepaper is legally binding)

DPP
Token Terms
See block explorer
https://centi.ch/centi-franc
Token Terms
Block explorer
https://centi.ch/centi-franc
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