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CrossFi App vs. Neobanking
Uruba Niazi

VP of Marketing - Content

26 Apr 2024
5 min read

The CrossFi App marks a significant breakthrough in digital banking, seamlessly blending traditional finance with the cryptocurrency world.

Neobanking apps are digital-only banking platforms that operate exclusively online, without physical branch locations. They are often called “challenger banks” or “digital banks.” Neobanks offers various financial services, including checking and savings accounts, payment processing, lending, budgeting tools, and more, entirely through mobile apps or web interfaces.

The CrossFi App marks a significant breakthrough in digital banking, seamlessly blending traditional finance with the cryptocurrency world. Crafted to be an all-encompassing modern banking solution, it caters to both the unbanked and banked populations, providing unmatched access, convenience, transparency, and benefits far surpassing neobanking norms. With seamless transactions in both fiat and cryptocurrencies, the app ushers in a new era of financial freedom and inclusivity.

One of the CrossFi App’s standout features is its non-custodial payment technology, which sets it apart from existing solutions. This innovative feature enables users to replenish their spendable balance in a decentralized manner without giving away custody of funds. Some standout features include: 

  • Integrated Banking: Users can manage crypto and fiat currencies in a unified platform.
  • Card Issuance: The app enables the issuance of virtual and physical cards, including Visa.
  • Non-Custodial Payments: It offers a non-custodial payment solution, allowing users to link their Visa cards to decentralized wallets like Metamask. All users’ funds are held on the smart contract, and no third party can access it. 
  • Global Accessibility: CrossFi App supports cross-border transfers using SWIFT and IBAN and facilitates peer-to-peer (P2P) transfers by card or phone number.
  • Competitive Currency Exchange: Users benefit from profitable currency exchange rates directly within the app and can choose to bank and store wealth in the currencies of their choice.
  • Multi-Currency Cards: The app allows for creating and managing multi-currency cards, with the option to link to selected currencies.

CrossFi Target Demographic

The CrossFi App stands out as a versatile solution tailored to meet the needs of a diverse and expanding global user community, reflecting the shifting landscape of financial transactions and the widespread adoption of digital currencies. It is not limited to borders or regional boundaries. It does not discriminate based on how much you earn or assets that you have to hold in your account. Here’s how:

  1. Individuals New to Cryptocurrency: The CrossFi App offers a smooth transition for those new to cryptocurrency. It preserves the convenience of traditional banking while introducing users to the world of digital currencies, easing their entry.
  2. Users in Emerging Crypto Markets: In regions experiencing a surge in cryptocurrency adoption and the rise of P2P markets, CrossFi provides a secure and user-friendly gateway to these technologies. This is particularly valuable in areas with limited access to conventional banking services.
  3. Tech-Savvy Consumers: The CrossFi App delivers for individuals seeking transparency and efficiency in their financial interactions. It streamlines the banking experience with the latest advancements in blockchain and decentralized finance, catering to those prioritizing technological innovation.
  4. Early Adopters and Blockchain Enthusiasts: The app caters to tech enthusiasts and blockchain and decentralized finance pioneers. It offers an advanced platform aligned with their interests. It serves as a bridge between cutting-edge financial technologies and traditional banking, accommodating users’ diverse preferences.


Account Creation

Although Neobanks claim to cater to the unbanked population with their digital-first approach, they alienate users by requiring them to submit documentation to open a new account and verify their identity. To cater to the extensive and inclusive demographic of CrossFi, we offer 2 Tiers of accounts within the CrossFi App: 

  • Level 1 – Verified Account: To unlock this tier, users must complete a standard Know Your Customer (KYC) process. This level opens possibilities of holding, card creation, multi-account and additional app features.
  • Level 2 – AML Verification: This is the highest verification level, designed for users needing unrestricted account access. For users who have completed Level 2 Verification, there is no limit on spending/card use.

This tired system allows us to cater to any spender, from an unbanked user to a crypto whale. 

Non-Custodial Payments

We are a fully decentralized bank, holding your funds on a smart contract, and do not have access to them without your consent. Our Virtual and Physical Cards are a step above the rest in the market, offering a seamless integration between digital banking and everyday transactions. The CrossFi App revolutionizes the cryptocurrency transaction experience through its non-custodial payments and purchases feature. Unlike traditional banking services, where third parties manage user funds and expose users to fractional reserve banking, CrossFi empowers users with complete control over their crypto assets. Here’s how:

  1. Seamless Wallet Integration: Hold XFI through Metamask and get unlimited opportunities to pay for services using a virtual or physical CrossFi card. Your funds are under reliable protection and are always available for withdrawal. When depositing XFI, all funds are stored in a smart contract, and we cannot access them without your consent.
  2. Direct Asset Control: Users fully own their crypto assets by managing transactions directly from their wallets.
  3. User-Friendly Transactions: The app simplifies crypto transactions, making them as straightforward as fiat currency.
  4. Flexible Crypto Payments: Users can utilize their crypto holdings for everyday transactions, enhancing the practical utility of digital currencies.

Multi-Currency Card Management

The CrossFi App allows users to manage and use multiple currencies within a single card. This eliminates the need to carry multiple cards or deal with currency conversion fees for each transaction. The app allows users to switch the linked currency on their card, providing flexibility and control over which currency to use for transactions. 


The CrossFi App heralds the future of finance by seamlessly integrating blockchain and modern banking. It combines the security and familiarity of traditional banking with the innovation and growth potential of Web3, providing a comprehensive financial solution for a diverse global audience. 

The CrossFi App is designed to cater to a diverse and expanding global user base, reflecting the evolving landscape of financial transactions and digital currency adoption worldwide. It is a versatile solution for individuals new to cryptocurrency, users in emerging crypto markets, tech-savvy consumers, and early adopters and blockchain enthusiasts. The tiered account system ensures accessibility for users at every level. At the same time, the non-custodial payment feature revolutionizes the cryptocurrency transaction experience, offering seamless integration between digital banking and everyday transactions.

With its multi-currency card management feature, the CrossFi App gives users flexibility and control over their finances, eliminating the need for multiple cards and currency conversion fees. In essence, the CrossFi App stands as a gateway to the future of finance, seamlessly blending traditional banking with the digital currency world’s innovation and vast growth potential and offering a comprehensive financial solution for a global and diverse user base.


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