CrossFi Secures 70-Year Patents for Web3 Technologies in 180 Countries

CrossFi, a prominent Web3 payments platform, has announced the securing of tech patents for its innovative technologies, including its payments system, DeFi protocol, and a synthetic tokens decentralized application. These patents are registered in over 180 countries and come with a 70-year design registration, underscoring CrossFi's commitment to becoming a leader in Web3 payments and bridging the gap between decentralized finance (DeFi) and traditional finance (TradFi).

The patents cover a range of foundational proprietary technologies, such as CrossFi's eponymous banking app, its infrastructure that 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 will protect CrossFi's innovations from infringement, unauthorized imitation, or replication in multiple major markets, ensuring the company's competitive edge in the fintech space.

In addition to the patents, CrossFi has secured 70-year design registrations for its user interfaces, including its website, mobile app, console dashboard, and blockchain scan tools. This move is expected to bolster CrossFi's position at the forefront of Web3 innovation and strengthen the brand's distinctive user experience and visual identity. The company has also registered numerous trademarks to ensure exclusive rights to the brand and consistency across all markets, covering names such as Cross Finance, CrossFi, CrossFi Chain, XFI, XFI Scan, XFI Console, MPX, CrossFi xAssets, and CrossFi xAPP.

Alexander Mamasidikov, CEO, Chief Ideologist and Founder of CrossFi, highlighted the significance of these patents and design registrations, stating that they mark a significant milestone for the company. He emphasized that the 70-year protection period provides robust legal protection and affirms the uniqueness of CrossFi's innovations, which are the result of years of focused effort and determination. Mamasidikov also noted that these developments bring CrossFi a step closer to going public, following the valuation of the company.

CrossFi's latest developments align with its goals of providing inclusive, next-generation financial solutions that seamlessly bridge 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 will allow users to maintain full control of their funds while enjoying unparalleled access, transparency, and convenience. In the coming years, CrossFi targets to offer a scalable global payment network that combines the security and transparency of blockchain with the stability and user experience of traditional finance.