Cross Finance The Future Of Payments

Cross Finance: The Future of Payment

April 19, 2024 written by 01NODE

Their innovative approach combines the traditional banking sector with cutting-edge blockchain technology, all within one comprehensive app. Let’s delve into how Cross Finance plans to achieve this ambitious goal.

Introducing CrossFi Blockchain

At the heart of Cross Finance’s vision lies CrossFi, a technology poised to expand blockchain’s reach and provide users worldwide with accessible financial tools. The CrossFi App marks the pioneering fusion of financial services and full-fledged banking functionalities, offering features like debit cards, non-custodial mutual settlements, and the elimination of intermediaries in traditional financial services on the crypto market.

Exploring the CrossFi Ecosystem Products

1. CrossFi Chain: Blockchain Infrastructure

The CrossFi Chain serves as a foundational layer 1 blockchain with a modular architecture, seamlessly integrating two vital components: Cosmos and EVM. Cosmos and EVM work in tandem, each fulfilling distinct functionalities while operating synchronously as a cohesive unit. Key highlights include:

  • Scalability: Capable of handling up to 1 million operations per second.
  • Interoperability: Facilitating seamless interaction with other blockchains.
  • Developer-Friendly Environment: Providing intuitive tools for developers to build upon.

The Role of Cosmos in CrossFi Chain

Cosmos, a pivotal component of CrossFi, oversees critical functions such as consensus, block production, and transaction verification. Leveraging the Byzantine Fault Tolerant (BFT) consensus engine and the Cosmos SDK, Cosmos ensures robust security and efficient operation.

Why CrossFi Utilizes Tendermint and Cosmos SDK

Tendermint BFT and Cosmos SDK empower the CrossFi Chain by offering:

  • A robust consensus protocol (DPoS).
  • Byzantine fault tolerance (2/3).
  • Rapid block time (5 seconds, with potential reduction to 1 second).
  • High transaction throughput (up to 10,000 transactions per second).

The Role of EVM in CrossFi Chain

The EVM component of CrossFi facilitates smart contract interaction, decentralized application deployment, and full EVM compatibility. This integration, achieved through Ethermint and Evmos, enables seamless interoperability with the Ethereum ecosystem.

Why CrossFi Integrates Ethermint and Evmos

Ethermint and Evmos empower CrossFi with:

  • Full Ethereum-compatible smart contract functionality.
  • Enhanced privacy features for anonymous payments.
  • Seamless cross-chain asset transfers.
  • Integration with popular wallets like MetaMask.

2. CrossFi App: Redefining Banking Experience

The CrossFi App revolutionizes banking by offering users the ability to open cryptocurrency accounts and conduct transactions effortlessly. Key features include:

  • Issuance of virtual and physical Visa cards.
  • Non-custodial payment solutions for cryptocurrency, including Visa card linkage.
  • Cross-border transfers and P2P transactions.
  • Currency exchange at competitive rates.
  • Multi-currency card options for added flexibility.

3. CrossFi xApp: Bridging to DeFi

The CrossFi xApp enhances users’ experience within the CrossFi ecosystem and the broader DeFi landscape. Features include:

  • Seamless token swapping and bridging.
  • Liquidity provision through CrossFi AMM.
  • Yield farming opportunities for enhanced returns.

4. CrossFi Business: Empowering Enterprises

CrossFi Business caters to companies seeking to embrace cryptocurrency payments both online and offline. Its features include:

  • Account management functionalities.
  • Product and service listing capabilities.
  • Payment processing and transaction tracking.
  • Access to robust API for integration.

5. CrossFi Foundation: Fostering Growth and Innovation

As a non-profit self-regulating organization, the CrossFi Foundation spearheads initiatives to nurture and expand the Cross Finance ecosystem. Key endeavors include:

  • User and influencer outreach campaigns.
  • Developer grant programs and hackathons.
  • Integration of new projects and products into the ecosystem.

CrossFi Chain Native Tokens

CrossFi Chain operates on two native tokens, Mint Power (MPX) and CrossFi (XFI), essential for user interaction within the network. Additionally, the eMint Power (eMPX) token offers seamless compatibility within the EVM layer, enhancing user flexibility and engagement in the broader DeFi space.

Mint Power (MPX):

  • Governs network operations and consensus.
  • Utilized for staking and mining XFI coins.
  • Acts as a fee payment tool for Cosmos-based services.

CrossFi (XFI):

  • Grants access to CrossFi Chain’s products and services.
  • Accepted as a payment method within the CrossFi App.
  • Used for transaction fees across both Cosmos and EVM layers.

eMint Power (eMPX):

eMPX token offers liquidity within the EVM layer, mirroring the functionalities of MPX while ensuring compatibility with Ethereum-based assets.

eMPX is designed to operate seamlessly within the EVM layer of CrossFi, providing users with the flexibility to engage in the broader DeFi ecosystem. It mirrors the limited supply characteristic of MPX, ensuring that the token’s value is preserved through scarcity. eMPX can be freely traded, sold, or purchased within the EVM framework, making it an attractive asset for users familiar with Ethereum-based tokens.


Cross Finance’s pioneering approach to merge traditional banking services with blockchain technology through the CrossFi ecosystem marks a significant step towards fostering financial inclusion and innovation on a global scale. By seamlessly integrating Cosmos and EVM components, CrossFi Chain offers unparalleled scalability, interoperability, and developer-friendly functionalities. The suite of products within the CrossFi ecosystem, including the CrossFi App, xApp, Business, and Foundation, empowers users, enterprises, and developers alike to leverage the full potential of decentralized finance. With native tokens like Mint Power (MPX) and CrossFi (XFI), along with the eMint Power (eMPX) token for EVM compatibility, Cross Finance is positioned to change the way we interact with finance, bridging the gap between traditional and digital economies for a more inclusive and accessible future.

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