Cross Finance and Covalent announce partnership to create a seamless and transparent transaction system

Cross Finance has partnered with Covalent, a unified blockchain API provider to power a seamless experience to users and builders on the CrossFi blockchain.

Feb 13, 2024, San Francisco

Cross Finance stands at the intersection of three industries, payments, credit cards, and cryptocurrencies, enabling non-custodial solutions for payments. Cross Finance allows users to pay with cryptocurrency just like with a bank card. It runs on a DeFi structure that does not block funds, always keeping user’s assets secure. To start making transactions worldwide, you simply need to connect your non-custodial cryptocurrency wallet to the CrossFi APP and pay via the card or app.

CrossFi’s Chain, the backbone of decentralized banking, provides unlimited scalability with simple and intuitive tools for developers to create amazing utilities to support the ecosystem. At the core of the CrossFi Chain are two native coins, Mint power (MPX) and CrossFi (XFI).

As the DeFi industry continues to evolve, Cross Finance remains committed to offering innovative and secure solutions to its users. By partnering with Covalent, a trusted name in the blockchain data space, Cross Finance can leverage capabilities like user-friendly blockchain API, standardized human-readable transactions, fast data retrieval, and scalable infrastructure. Covalent is the best partner to advance CrossFi Chain operations on all three fronts of payment processing, credit card transactions, and cryptocurrency data. Additionally, this collaboration holds potential benefits for the CQT community, as they may become eligible for a retroactive incentive drop. This incentive drop serves as a mechanism to reward and incentivize the community for their ongoing support and participation in the ecosystem.

“We are excited to collaborate with Covalent to further enhance our testnet capabilities. Covalent's expertise in providing comprehensive blockchain data infrastructure will be invaluable in improving the efficiency and accuracy of our testing environment. This partnership will enable us to deliver a more refined and secure product to our users."

Alexander Mamasidikov

CEO, Chief ideologist & coordinator of the team

The partnership with Cross Finance allows Covalent to add another blockchain to the large arsenal of chains they integrate with today. Cross Finance and Covalent will write the next chapter on creating a robust blockchain to support payment with cryptocurrency, just like a bank card, straight from a non-custodial wallet.

About Covalent

Covalent powers the data layer in blockchain, enabling millions of users to build the new economy. It stands out for its deep commitment to democratizing blockchain data availability. Since its inception, Covalent has been helping developers, analysts, and enthusiasts with comprehensive, real-time data across over 200 blockchains. Learn how Covalent is building the Ethereum Wayback Machine.

More information about Covalent: Official Website | Twitter | Discord | Telegram | Blog | API Guides

About Cross Finance

Cross Finance is a next-generation digital ecosystem of cutting-edge payment solutions, bridging the worlds of banking and blockchain. CrossFi seamlessly integrates these two pivotal segments of the global economy into a unified ecosystem, offering unparalleled scalability and processing speed of up to 1 million transactions per second through the core of the CrossFi Chain—a modular architecture based on Cosmos Tendermint. The Cross Finance foundation, rooted in Ethermint and Evmos, ensures interoperability between blockchains, transaction anonymity, and the integration of EVM-compatible DApps. The tandem operation of two native coins, MPX and XFI, fortifies CrossFi’s tokenomics foundation, providing users with a seamless and robust financial experience.