CrossFi, a platform for digital payments, is excited to announce the acquisition of its global patents, securing a major stride for Web3 innovation. To ensure its foundational technologies, the platform has spread them across 181 countries along with 70-year design registrations.
Through this sweeping protection, the company’s leadership is highlighted. So, the platform aims to create a link between decentralized finance (DeFi) and traditional finance (TradFi). By doing this, CrossFi strives to protect its proprietary systems from being imitated while paving the way for worldwide scalability.
CrossFi’s Patent Power its Push for Core Fintech Innovations
CrossFi’s patents possess advanced technologies such as the eponymous banking app. The patents also include the decentralized exchange protocol MPX (Multi-Purpose Exchange), and the blockchain-backed Fast Payments system.
CrossFi’s vision to bridge DeFi and TradFi is strengthened by these technologies acting as its backbone. This protection expands its wings to the xAssets tokenization platform. It further aims to involve synthetic and real-world assets by enabling effortless transactions.
CrossFi is set to obtain international patents to make its infrastructure insulated from unauthorized replication. By doing this, the platform aims to solidify its position in major markets. The company also strives to cement its innovation and expansion at a crucial moment.
CrossFi’s Design Rights Elevate Its Brand and Global Expansion
CrossFi is rewarded with 70-year design rights beyond technological protections. These design rights are for its user interfaces, ranging from websites, mobile apps, blockchain scanning tools, and dashboards. Through these safeguarding measures, the brand’s visual identity and user experience will be preserved among global markets and iterations.
The platform has also submitted a range of trademarks, such as XFI, Cross Finance, XFI Scan, XFI Console, CrossFi xAPP, and MPX. These trademarks strive to promise consistency among the evolving landscape of its services.
Alexander Mamasidikov, the CEO of CrossFi, highlights the significance of the milestone, stating, “Each patent has been granted with a 70-year protection period, providing us with robust legal protection and affirming the uniqueness of our innovations.”
CrossFi onboards over a million users along with the launch of an EVM-compatible Layer-1 mainnet. In this way, the platform is set to empower more than 100 million merchants with its purchases around the globe. CrossFi aims to merge the dependability of traditional finance with that of blockchain’s transparency.
