About us

Did you know?

The world behind payment has long been underexposed and considered unsexy. However, the shift from cash to digital has taken flight recently and brought along major innovation in the form of mobile apps etc.. But, when taking a closer look at the current payment industry, it quickly becomes clear that very little has changed at the core. It is still the same group of banks and credit card companies and a range of intermediaries that controls the movement of our payments. Kind of peculiar. After all, new insights and technology - often from industry outside parties - have already radically renewed many other industries. Could the payment industry also benefit from an innovative restructure? A growing number of people tend to ask themselves that same question.

The people

An international group of entrepreneurs, sector specialists and investors have put their minds together to see whether an alternative can be devised for the current payment infrastructure. Knowledge and technology are available. Chirp breaks away with convention on a quest to create a solution in which the interests of consumers and businesses come first. Common sense and a pragmatic approach characterizes our team’s methods and prevents 'default thinking' caused by bank-DNA. At Chirp we are about disentangling over time created convoluted systems.

Breaking the chain

In order to actually make a difference, Chirp does not connect into the existing infrastructure with a FinTech solution like recently upcoming Payment Service Providers for instance do. By not building on the existing payment chain, but by working separately from the banking infrastructure, we can do something special. The newly created open space allows Chirp to function as the international transport system for digital value in the broadest sense of the word; all different types of digital assets that are in use by consumers, businesses and communities in addition to the euro. And … instead of just one-way payments, Chirp supports multi-way transactions with different forms of value within one single payment. This revolutionary technology is essential in our vision to facilitate and enhance economic activity between users in our world of continuously changing needs, lifestyles and relationships. Chirp facilitates new business models with a transaction system accessible to everyone, and provides more transparent interaction between users. Always at their terms, faster and at significant lower cost.

The euro and other forms of digital value

When referring to digital value, we are primarily referring to the trusted euro that is the official currency (fiat currency) within the eurozone. In the transition from cash to a more cashless society, Chirp increasingly hears the call for a parallel system specific for a digital euro. Also from political and or governmental channels. Besides the euro as a monetary value, many other forms of value exist and move in daily payment transactions in our societies. Customer card credits, miles, festival tokens, gift vouchers, energy tokens and carbon credits together with the euro, function as the lubricant of the economy. Chirp allows these digital values to interact seamlessly with the electronic euro.

Circularity & social engagement

New technology introduced hyper-connectivity between people and between people and machines. Many companies already rely on the power of their customers' smartphones and their 'DIY' efforts when registering for services. We asked ourselves the question: 'If people do indeed contribute to business processes and make their mutual connectivity available, shouldn't they be more involved and valued accordingly?'

In line with the cooperative spirit, at Chirp we want to reward collaboration and the creation of added value where it’s created. Therefore, to active participants Chirp makes a portion of the proceeds available, which normally flow to the players in the traditional payment industry. This, combined with enormous savings on marketing through the use of mutual connectivity (the old word-of-mouth), generates a cash flow that Chirp recycles directly into society.