CrossFi Businesses That Are Changing The Finance Industry Now

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

CrossFi is a new direction in decentralized finance that appeared not so long ago, but it has already become quite popular and highly-demanded among users, both traditional finance and crypto enthusiasts. CrossFi technologies combine banking services familiar to the user with blockchain solutions, creating an absolutely unique product that solves the basic needs of customers: ease of use, security, and the opportunity to increase capital. Unlike the usual cryptocoins, the tokens of some CrossFi projects are resistant to volatility, and are also a deflationary asset that allows holders to receive a stable income. We have collected the most successful CrossFi solutions that are ideal for daily use.

MinePlex CrossFi Banking is the first CrossFi project that combines the stability and liquidity of traditional financial instruments with the security and transparency of blockchain technology. The creators of the platform have fully taken into account the needs of users and offer a wide range of products, both for payments and for making a profit.

A marketplace has been launched where you can buy goods using PLEX tokens. There is a commodity staking - a unique MinePlex tool that allows you to buy a product for a part of its cost. In the near future, the mobile crypto bank will give every client the opportunity to use cryptocurrency every day along with fiat. Pay for utilities, order tickets, receive a salary. We plan to issue our own payment card with automatic cryptocurrency conversion. It can be used anywhere in the world, wherever there is a card reader.

MinePlex uses blockchain solutions for the possibility of constant earnings for each user. The team has developed its own blockchain with the Liquid Proof-of-Stake (LPoS) consensus algorithm. It is based on two tokens. MINE is the computing power of the blockchain, and PLEX is a means of payment. The MINE token is not subject to price fluctuations. Its cost remains unchanged and is $0.01. The PLEX token is a liquid token with a limited issue and a de-inflationary nature. This means that over time, the token issue decreases, and the cost increases. By sending MINE tokens to staking, the user receives up to 20% of the profit in the form of PLEX tokens per month. At the same time, MINE always remains in the user's wallet, without delegating tokens. PLEX tokens can be exchanged for MINE and increase income or fix profits in cryptocurrency or fiat funds.

Revolut was one of the first companies on the market that tried to combine traditional banking services and crypto-finance. The synergy of these two areas has become a mobile crypto bank, whose services are currently used by more than 12 million people around the world. Cryptobank offers a wide range of services: from transfers and payments to derivatives trading and corporate currency account management.
For the personal needs of users, Revolut offers debit cards, crypto wallets with a high degree of protection, money transfers in fiat currencies and cryptocoins, management of group accounts, registration of tourist insurance, and much more.

In addition, the company offers a special service for users who receive regular salaries-Early salary. The client can transfer his salary from the current bank to Revolut and receive it a day earlier, and immediately distribute it for different purposes: payment for goods and services, savings in fiat currency or crypto, and much more.

For corporate clients, Revolut provides services such as opening and managing multi-currency accounts, cross-border payments and transfers, cost control and much more. The CrossFi platform also offers forward contracts for businesses.

Wirex is a service that allows you to manage both fiat and cryptocurrency accounts simultaneously. For example, users can open currency accounts and crypto wallets in one place, make payments and cross-border transfers, both in crypto and fiat currencies, exchange cryptocurrencies, as well as issue a debit card that supports 21 fiat currencies and the most popular cryptocurrencies and instantly converts funds into the necessary ones at the payment point.

A simple and intuitive interface helps even the most inexperienced users to open an account or create a crypto wallet in just a few clicks.
The company pays special attention to asset security. Wirex is certified according to the PCI DSS Level 1 standard, which provides the highest level of protection for your funds, and two-factor authentication (2FA) and complex device authorization ensure that only the owner can access his account.

Conclusion

CrossFi solutions are only gaining popularity in the market and will develop rapidly in the next few years. Combining the convenience and familiarity of banking services with high security, transparency and technology of blockchain solutions, CrossFi platforms will become an indispensable participant in the markets of decentralized and traditional finance.

Image by WorldSpectrum from Pixabay

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.