Welcome to Cross Finance official channel!

Cross Finance is a cutting-edge ecosystem that develops sophisticated and contemporary payment solutions. We employ our own proprietary CrossFi technology, which combines the security and transparency of blockchain technology with the stability of conventional finance.

Cross Finance ecosystem includes:

CrossFi Chain
- Up to 1 million transactions per second
- Unlimited scalability
- Simple and user-friendly tools
- Comfortable environment for developers

CrossFi App
- Full-featured functional banking
- Payment systems debit cards: Mastercard, VISA, MIR
- Non-custodial cryptocurrency payments and purchases
- No conventional financial services middlemen

CrossFi Foundation — a self-regulated non-profit organization dedicated to the development and scaling of the ecosystem, which organizes events, awards for developers, incorporates new products, etc.

Our mission is to overcome the financial isolation of the blockchain community and make cryptocurrency part of the global financial system.

Subscribe now; there will be a lot of fascinating updates here soon!

CrossFi: Advancing the Future of Finance

Welcome to Cross Finance, the first ecosystem built on CrossFi technology. Let's explore the unique features that make CrossFi stand out:

✅ Seamless interoperability between liquid cryptocurrencies and real-world payments
✅ User-friendly EVM-compatible environment for developers
✅ Streamlined user experience with improved fiat and crypto gateway access

Our ecosystem is driving the adoption of cryptocurrency for everyday transactions, benefiting both customers and businesses.

Discover the products that power our ecosystem today:

CrossFi Chain: The foundation of our decentralized network. It's a blockchain with modular architecture based on Tendermint, making it highly scalable and truly decentralized.

CrossFi App: Experience mobile banking redefined. Our banking app offers full crypto-fiat financial services and bank card issuance capabilities. Make cross-border payments and purchases with ease, just like you do with fiat on your cell phone.

CrossFi xAPP: Embrace decentralized finance possibilities. Integrated with LayerZero and Sushi, this decentralized application enables crypto asset exchange and cross-chain transactions. Earn passive income through income farming and liquid derivatives staking.

In addition to these compelling features, Cross Finance offers three powerful competitive advantages:

Non-custodial solution: Our innovative safety approach provides a separate account for wallet connection and spending funds, ensuring the utmost security and client confidentiality.
Own infrastructure: We empower our clients with unlimited business opportunities, including tokenization of banking services and integrated acquiring solutions using payment cards and POS-terminals.

No intermediaries: Enjoy better conditions as an end-user. We offer worldwide conversion of any liquid cryptocurrency and provide VISA, Master Card, Union Pay, and MIR debit cards with no ATM withdrawal limits.

Problems for Which CrossFi Is the Solution

Looking to bring the of blockchain technology to traditional financial systems? CrossFi is the unique and advanced solution that tackles key problems by speeding up processes, securing data, and reducing transaction costs. Let's dive into the problems we are solving.

Check the full article here:
https://telegra.ph/Problems-for-Which-CrossFi-Is-the-Solution-08-26

Last Friday, Huobi interviewed the Cross Finance team. Talked about partnerships with giants like SWIFT and Mastercard, and why XFI token is crucial to the ecosystem, with DeFi utilities and staking opportunities coming soon.

Here, we'd like to share a few fascinating bits with you.

Unique solution

The CrossFi App is creating an interoperable bridge between crypto and fiat, making it easy and seamless to pay for real-world items, manage finances, and pay bills with any liquid cryptocurrency in just one click. And the best part? All your crypto is managed on a single non-custodial interface — simple and convenient.

Our partners

Cross Finance is partnering with traditional finance giants like SWIFT, Mastercard, MIR, Union Pay, and Visa, among others, to bring their non-custodial and decentralized crypto banking solution to a global audience. Say goodbye to complicated processes and hello to a user-friendly banking experience.

About XFI token

We also talked about the heart of the ecosystem, the XFI token. XFI is the native token of Cross Finance and plays a crucial role in the entire ecosystem. It is used for topping up your balance, as a gas token for the CrossFi Chain, and it will also have DeFi utilities and staking opportunities coming soon. The utility of XFI is impressive, making it an essential asset for the Cross Finance community.

Cross Finance is on a mission to bring crypto and fiat closer together. Stay tuned for more updates and join our incredible journey!

You can find the full interview here.

The Global Trend of Cryptocurrency Mass Adoption: A Promising Shift in Financial Paradigms

Cryptocurrencies are revolutionizing finance with their secure transactions. Around the world, we're seeing a surge in crypto adoption, reshaping traditional financial systems.

Increasing Crypto Ownership: Stats from Around the World

Over 14% of Americans own Bitcoin, including corporations like Tesla, Square, and PayPal. China dominates the industry with over 50% of global mining power, and India's market cap exceeds $1.5 billion, driven by recent regulatory changes. In Nigeria, 32% own cryptocurrencies, empowering the population amid infrastructure challenges. Switzerland's "Crypto Valley" attracts startups, while Brazil integrates digital tokens for economic empowerment.

Addressing Challenges: Clearing the Path for Adoption

Factors hindering mass adoption of cryptocurrencies include regulatory uncertainty, security concerns, volatility, lack of understanding, scalability issues, and resistance from traditional institutions. Addressing these challenges is essential for accelerating cryptocurrency adoption globally.

Cross Finance: Making Crypto Mass Adoption a Reality

Cross Finance is the project that aims to make crypto mass adoption a reality. When people would be able to use cryptocurrency in their everyday life, it would be the start of it. Remember, it was not so long ago, when plastic bank cards appeared everywhere. Today, they are commonplace like your bag, your shoes, etc.

Cross Finance ecosystem is encouraging cryptocurrency acceptance for everyday transactions, which benefits both customers and companies. Our objective is to make our ecosystem available to as many cryptocurrency users as possible in order to address financial exclusion globally.

Share your insights and opinions on the crucial elements necessary for crypto mass adoption. Join the conversation and contribute to the future of cryptocurrencies.

What Is Cross Finance and How It Reshapes Crypto Payment?

Cross Finance is an emerging crypto financial ecosystem built upon the modular architecture of Tendermint, an asynchronous Byzantine fault-tolerant consensus algorithm. It integrates blockchain technology with traditional banking systems to facilitate smart interactions between crypto finance and traditional finance.

Check the full article to learn more about Cross Finance

https://learn.huobi.com/en-us/details-article/?courseId=103&ts=1693377720649

Cross Finance Takes Part in TOKEN2049

We're pleased to announce that Cross Finance is taking part in TOKEN2049, one of the most eagerly anticipated blockchain events of the year.

Save the dates: September 13-14. TOKEN2049 will take place in Singapore, attracting the brightest minds and cutting-edge projects in the blockchain and cryptocurrency industry.

At TOKEN2049, Cross Finance team will be showcasing decentralized financial solutions, aiming to make cryptocurrencies as common as traditional fiat currencies for businesses and end-users alike.

TOKEN2049 offers an exceptional platform for industry leaders, startups, investors, and enthusiasts to connect, collaborate, and explore the limitless possibilities that blockchain technology offers. With KOL speakers, insightful panels, and workshops, this event promises to be a hub of knowledge and inspiration for crypto enthusiasts.

Join us at TOKEN2049 and dive deep into the world of decentralized finance.

Stay tuned for updates!

TOKEN2049 TITLE PARTNER CROSS FINANCE

We are excited to announce that Cross Finance is attending #TOKEN2049 as a Title Partner. We'll share the stage with the best blockchain experts and entrepreneurs in the global crypto world and engage in insightful discussions, fostering valuable networking and unveiling some fascinating news on Cross Finance!

Our team eagerly anticipates the opportunity to see each of you at our exhibition booth.

Get ready for the most exciting conference of the upcoming month: #TOKEN2049.

Join us at Singapore on Sep, 13-14, and you'll be the first to know the latest updates on Cross Finance!

7.6% in 14 days through Huobi's XFI staking program

On August 25, Huobi launched a highly profitable XFI coin staking program offering a 200% APY.

The staking coin pool cap was set at 500,000 XFI (~$625,000). Despite the initial plan to accept deposits until August 31, the activity of the community exceeded all expectations! The pool limit was reached in record three days.

The staking program is set for a 14-day period. Participants who were lucky to send deposits to the staking pool before the pool reached its cap will receive 7.6% reward in XFI coins.

Moreover, their real APY will be even higher. The staking program's popularity boosted the market value of XFI. That means the results of staking are going to be even better than they expected.

Missed this event? Follow our news and you'll be the first to hear about such programs!

XFI coin is backed by a steady flow of liquidity within Cross Finance’s products. This ecosystem is expanding, launching new real-life products and attracting more users.

That boosts demand for XFI, which grants access to ecosystem products and serves as the primary payment coin in Cross Finance services.

CrossFi Chain

CrossFi Chain uses two coins: MPX (Mint Power) and XFI (CrossFi).

🔹MPX is a governance coin and a computing power unit, required for generating new XFI via staking.
🔹The nominal value of MPX is $0.02. Part of liquidity gained by MPX sale is redirected to the XFI liquidity pool.
🔹XFI grants access to various CrossFi Chain services, such as token creation, account abstraction, anonymous payments, cross-chain transfers, multisig, and more.

CrossFi App

It's a full-fledged banking app empowered with its proprietary processing engine. CrossFi App enables purchases, payments and transfers with XFI coin.

For security purposes CrossFi App uses a non-custodial method of interacting with XFI.

CrossFi xAPP

It's a decentralized app integrated with LayerZero and Sushi. Seamlessly integrated in CrossFi xAPP, XFI opens up access to yield farming and liquid staking derivatives.

XFI derives its value from the growing use of real-life financial products within the ecosystem, ensuring a stable liquidity flow.

Gotbit x Cross Finance

Tomorrow, the Cross Finance team will take part in a live Twitter Space to talk about mobile banking and crypto payment trends, Cross Finance products, and the results of Huobi's XFI staking program.

Don't miss:

🔹September, 5
🔹2 pm UTC

Join: https://x.com/gotbit_io/status/1698699957631410236?s=46&t=7CotQhDCzfDKdRVMcta9Hg

Fintech is considered one of the fastest growing industries in the world. Let's see what are the reasons for this growth and what are the prospects for fintech in the future.

Reasons

Digitization: The ongoing digitization of financial services is fueled by the mass adoption of mobile devices among users. According to Dataport, there are 5.44 billion unique mobile users worldwide, with a 14% forecasted increase until 2027. As of 2022, the estimated number of internet users worldwide grew to 5.16 billion.

New technologies: AI, blockchain, machine learning blur the boundaries of banking, empowering fintech companies with new tools for risk management and customization.

Market potential: In emerging markets with limited, aging financial infrastructure and outdated business models, fintech has vast potential. In Latin America, Africa, and Asia, fintech is driven by the need to resolve serious macro-issues that increase financial and digital inclusion.

Change of generations: Demand for banking transactions without visits to bank branches is driving the growth. The number of online banking users worldwide is expected to reach 3.6 billion by 2024, up from 2.4 billion in 2020, with the younger generations leading the race. In the US, 51% of adults use digital banking services, while 97% of Gen Z and millennials are using them as well.

Investment opportunities: Fintech gives vast opportunities for investment purposes, as the global fintech market is expected to grow at a CAGR of 23.58% from 2021 to 2025. In 2022, the value of investments into fintech companies worldwide reached $164.1 billion.

Forecast

According to Crunchbase, payments may remain the most-funded sector within fintech, especially startups focused on B2B payments. As Boston Consulting Group (BCG) predicts, financial technology revenues are projected to grow sixfold from $245 billion in 2023 to $1.5 trillion by 2030.

CrossFi APP is one of the three pillars of the Cross Finance ecosystem. CrossFi APP seamlessly combines traditional banking services with cryptocurrency capabilities, all packaged into a single app run on its proprietary processing engine.

CrossFi APP is a banking app with a non-custodial mechanism for interacting with digital assets, where one can open fiat and cryptocurrency accounts, buy, sell and exchange digital assets, make transfers, issue debit cards of leading payment systems with the ability to top-up them both from fiat and cryptocurrency accounts.

The extensive functionality of CrossFi APP became possible through our strategic partnerships with major players in the traditional financial sector:

VSK Bank

VSK Co. is a Brazil-based company with over 25 years of experience in the capital market. VSK specializes in creating structured finance solutions for high performance and profitability.

Bankcraft

Bankcraft, a fintech company headquartered in Dubai, has extensive expertise in complex SAAS solutions for banks, both developing banking products from scratch and implementing modules into existing systems.

UBC Group

Established over two decades ago, UBC Group now manages a variety of businesses across 22 countries in the fields of finance, trade, energy, industry, tourism, etc.

GEM

Global Emerging Markets (GEM) is a $3.4 billion investment group with offices in New York, Paris, and Bahamas. GEM manages a diverse set of investment vehicles focused on emerging markets across the world. GEM's portfolio spans assets in 70 countries across 5 continents.