6 months ago
In a caller occurrence of SlateCast, Phillip Alexeev, Chief Growth Officer astatine CrossFi, joined CryptoSlate’s Editor-in-Chief Liam “Akiba” Wright and CEO Nate Whitehill to sermon the platform’s innovative solutions to integrate crypto with accepted finance.
CrossFi’s ngo is to supply seamless fiscal inclusivity done a robust ecosystem that supports non-custodial crypto transactions, partnerships with banks, and scalable blockchain technology.
Alexeev described CrossFi arsenic “the Apple Pay for crypto,” emphasizing its relation arsenic a span betwixt decentralized concern (DeFi) and mainstream banking.
“Our absorption has ever been empowering users by removing gatekeepers portion providing entree to precocious fiscal tools,” helium said.
Non-Custodial Payments Redefined
At its core, CrossFi offers a unsocial outgo exertion enabling users to transact straight from their Web3 wallets astatine immoderate point-of-sale terminal worldwide. This attack eliminates the request for custodial platforms, maintaining users’ power implicit their funds. Alexeev highlighted the platform’s quality to “connect immoderate Web3 wallet to the CrossFi app,” facilitating crypto-to-fiat transactions seamlessly and securely.
Unlike accepted crypto cards, CrossFi partners straight with banks to interact with astute contracts, bypassing third-party intermediaries.
“We’ve designed an ecosystem with less points of nonaccomplishment portion forcing banks to innovate and follow crypto technology,” Alexeev explained.
Why Build a New Layer-1 Blockchain?
Addressing the determination to physique a proprietary layer-1 blockchain, Alexeev acknowledged the challenges of integrating blockchain with existing banking infrastructure.
“No existing blockchain met the security, scalability, and compatibility requirements of accepted banks,” helium stated.
The customized blockchain allows CrossFi to enactment seamless enactment betwixt decentralized technologies and organization frameworks.
Flat Fees for Transparency
CrossFi aims to disrupt accepted outgo systems with its transparent and predictable interest structure. Alexeev shared:
“A level 2% transaction interest applies crossed each geographies and transactions, providing stableness and assurance to users.”
He added that the strategy leverages oracle partners to guarantee precise pricing, ensuring users get the champion marketplace rates for their transactions.
A Glimpse into 2025
The roadmap for CrossFi is ambitious, with respective milestones connected the horizon. Having launched its blockchain mainnet and completed a palmy friends-and-family investigating circular for its outgo technology, CrossFi is poised for a Q1 2025 launch. 5,000 cards were utilized globally during the investigating phase, showcasing the product’s ratio and scalability.
In summation to payments, CrossFi is gathering partnerships with manufacture leaders to make products connected its blockchain, including real-world and synthetic assets. Alexeev predicted:
“2025 is going to beryllium a transformative twelvemonth for america arsenic we grow our ecosystem and bring innovative DeFi solutions to the market.”
A Focus connected Community
Community engagement is simply a cornerstone of CrossFi’s strategy. Alexeev highlighted the value of integer and in-person interactions, peculiarly successful unbanked regions similar Southeast Asia. He said:
“We’ve built a raving assemblage successful Southeast Asia, wherever radical are anxious to follow exertion that improves their prime of life.”
Through conferences and section events, CrossFi fosters meaningful connections, ensuring its solutions code real-world challenges. Alexeev emphasized that CrossFi is “building for radical and interacting with them straight to recognize their needs.”
Looking Ahead
The SlateCast occurrence with Phillip Alexeev showcased CrossFi’s committedness to revolutionizing the intersection of crypto and accepted finance. With its absorption connected non-custodial solutions, seamless blockchain integration, and transparent pricing, CrossFi is mounting a caller modular for fiscal inclusivity.
As 2025 approaches, the platform’s innovative ecosystem promises to thrust adoption and redefine however radical interact with crypto and accepted fiscal systems. The intersection of these 2 worlds presents a captious country to ticker arsenic the planetary system embraces blockchain technology.
The station CrossFi’s vision: Bridging accepted and decentralized finance appeared archetypal connected CryptoSlate.
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