Private, like cash.
The shop never learns who you are, and no one links today's purchase to yesterday's.
Private · Offline · Instant
Cash was free, private, and worked anywhere. Now it's digital too.
Qashmore is a digital banknote: anonymous to the merchant, usable offline, passed hand to hand — yet it can't be stolen or forged, because the mathematics won't allow it.
✓Seven years in the making✓Cryptographic foundation in production — licensed and supervised in two EU member states✓University-reviewed key management
QASHMORE
DIGITAL BANKNOTE
1 000
FORINT
QM · 0007 · 2DF9
POWERED BY PACTENA
✓Paid — no signal needed
The breakthrough
Forty years without an answer. Here is one.
Digital money can be copied. With no network, no one can ask whether it has already been spent. The world knew two answers: kill offline payment, or build a security chip into every phone. Qashmore gives a third.
The problem
Someone who spends the same money twice offline cannot be caught at that moment. That is not an engineering gap; it is a limit you can prove.
What was tried
The principle has been known since 1988: let the cheat expose themselves. But it either stayed on paper, or honest people paid the cheat's price, or the trust moved into a chip.
What Qashmore does
Spend twice and you are identified, personally, with mathematical certainty. And if the money passed through three hands offline first, you are the one exposed — no one before you, and no one after.
Fraud reveals itself. Honesty does not.
Why Qashmore
Digital cash — and more.
Everything that made cash good, kept intact — and the things only mathematics can add.
Works offline, hand to hand.
No signal, no power, no problem — pay a merchant or hand money to a friend with nothing but your phones.
Can't be stolen or forged.
Not because someone guards it, but because the math forbids it. There is no central master key to steal.
Honest stays anonymous, fraud reveals itself.
Spend the same money twice and the system exposes exactly you — while everyone who paid honestly stays completely private.
Carries any money.
Not a new currency — a container: the forint today, a digital euro tomorrow, or any other digital asset. Adopting it never means giving up your money.
Cheaper to run, by design.
Verifying a payment costs almost nothing, so merchants pay a fraction of what card acceptance costs today — and more of that value stays in the local economy.
How it works
Three steps. That's the whole thing.
01
Get digital cash from your bank.
02
Pay or transfer — privately, even offline.
03
It settles in the background.
Yes — it works with crypto assets too.
A licensed issuer, certified by the root supervisor, can put BTC, USDC, USDT, EURC or any other digital asset behind a Qashmore note — so those balances gain the same privacy and offline reach. The only requirement is that certificate from the supervisor.
For people, merchants & partners
One network, everyone wins.
For people
Money that respects your privacy and works anywhere.
For merchants
Lower cost, instant and final settlement, no chargeback fraud.
For banks & fintechs
A network you operate and earn from, not a foreign rail you rent.
Because issuers form the network among themselves, each country's network runs independently — while the shared protocol lets acceptance and settlement work across borders, with no central intermediary in between.
- Seven years in the making — built quietly, to last.
- The cryptographic foundation runs in production today inside two regulated institutions: an electronic money institution licensed by Lietuvos bankas, and a MiCA-authorised CASP licensed and supervised by Latvijas Banka.
- The key-management core was independently reviewed by a university cryptography research group.
- Powered by the Pactena Protocol — the independent cryptographic protocol beneath Qashmore.