CrossFi Secures 70-Year Patents in 181 Countries for Web3 Innovations

CrossFi, a leading Web3 payments platform, has achieved a significant milestone by securing technology patents in 181 countries. These patents, which offer a 70-year protection period, provide comprehensive legal safeguards for CrossFi's groundbreaking technologies. The patents cover a wide array of core technological innovations, including the payments system, the DeFi protocol, and a decentralized application for synthetic tokens. This strategic move is part of CrossFi's broader initiative to establish itself as a leader in Web3 payments and to bridge the gap between decentralized finance (DeFi) and traditional finance (TradFi).

The patents not only protect CrossFi's intellectual property but also validate the originality of its innovations, positioning the company as a frontrunner in the digital finance landscape. Alexander Mamasidikov, CEO, Chief Ideologist, and Founder of CrossFi, underscored the importance of these patents, stating that they represent a pivotal milestone for the company. He emphasized that the 70-year protection period ensures that CrossFi's innovations are safeguarded from any form of infringement, unauthorized imitation, or replication across multiple major markets.

Some of the foundational proprietary technologies protected by these patents include CrossFi's eponymous banking app, its infrastructure that seamlessly integrates DeFi and TradFi systems, the blockchain-based FastPayments system, the decentralized exchange protocol MPX (Multi-Purpose Exchange), and the xAssets tokenization platform for real-world and synthetic assets. These patents are expected to bolster CrossFi's competitive edge in the fintech space and pave the way for future growth and innovation.

In addition to the technology patents, CrossFi has also secured 70-year design registrations for its user interfaces. This includes designs for its website, mobile app, console dashboard, and blockchain scan tools. These design registrations are aimed at fortifying CrossFi's brand identity and ensuring a distinctive user experience. The company has also registered numerous trademarks to protect its brand and maintain consistency across all markets. These trademarks cover Cross Finance, CrossFi, CrossFi Chain, XFI, XFI Scan, XFI Console, MPX, CrossFi xAssets, and CrossFi xAPP.

The latest developments align with CrossFi's mission to provide inclusive, next-generation financial solutions that seamlessly integrate fiat and crypto. The company aims to support purchases at over 100 million merchants globally, having already onboarded over 1 million users and launched its Layer-1, EVM-compatible mainnet last year. CrossFi's innovative non-custodial payment technology allows users to maintain full control of their funds while enjoying unparalleled access, transparency, and convenience.

The patents and design registrations are expected to enhance CrossFi's position as a leader in Web3 payment innovation. They provide a strong foundation for the company's future growth and help it navigate the competitive fintech landscape. The 70-year protection period ensures that CrossFi's innovations remain protected for decades, allowing the company to focus on continuous innovation and expansion. This move is a testament to CrossFi's commitment to driving the future of digital finance and its dedication to providing cutting-edge financial solutions.