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Unleashing the Power of Web3 Banking: A Conversation with Fedor Bogorodskiy, CFO at Cross Finance
Uruba Niazi

VP of Marketing - Content

19 Mar 2024
2 min read
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Join us for an interview with Fedor Bogorodskiy, CFO at Cross Finance, as he takes us through the groundbreaking CrossFi APP. Gain insights into the unique features and banking products offered by Cross Finance. Discover the main benefits of CrossFi card.

I sat down with our CFO, Fyodor Gogorodsky, to discuss the future of payments and how CrossFi is making a difference.

Introduction

Fyodor is the Co-Founder and CFO of CrossFi. Alexander and Fyodor started CrossFi 3 years ago to enable mass adoption of Web 3 within the financial market. Fyodor has 27 years of experience in banking and finance. He has a track record of accomplishing some firsts in his career. He launched the world’s first state Cryptocurrency, “El Petro,” in Venezuela. He worked to create the first network of ATMs and electronic POS terminals in the Russian Federation with the participation of Sberbank, Dialog-Bank, MOST-Bank, and other members of international payment systems.

1. What is Different about CrossFi?

CrossFi enables instant direct payments from a non-custodial wallet through a bank card. The competition in the market either requires users to use their wallets or holds users' crypto to fulfill the payment.

2. How is CrossFi succeeding at this when others have failed?

Gaining the trust of traditional banks was the first and most important step to make our vision possible. For that purpose, we have included security protocols as a foundational step for our products and services. CrossFi has worked with the banks and Visa to fulfill all their security requirements to make this possible. All our users are KYC-ed and pass verification by banking institutions to get our cards.

We have a world-class team of leaders with a track record of creating, launching, and promoting global projects. They are opening doors to many new opportunities, partnerships, and communities that will make CrossFi a success.

I think the timing is also on our side. With the crypto bull market in full swing, it is a great time to launch a project that enables users to spend their crypto with ease and security.

3. When can we expect the CrossFi bank cards to become available?

We will issue the first physical cards from CrossFi in the coming months and then begin the approval process of the virtual card with Android and Apply Pay.

4. What are you most excited about this year?

After the successful launch of our EVM testnet, I look forward to releasing our bank card and then our 2 apps, CrossFi App and xApp, later this year. Our hard work from the last 3 years is taking shape and bearing fruit this year. I am very excited to see our team and community multiply over time.

5. What does the new bull market bring to the Web 3 community?

The bull market is attracting more users to Web 3 and increasing the demand for purchasing power using cryptocurrency. It also attracts new interest from the global investment market as more investment flows into Bitcoin and Web 3. Since the blockchain industry is becoming mainstream, the global market is more receptive to working with Web 3 projects and less worried about regulations. We have examples like El Salvador using crypto as their state currency, proving how profitable and inclusive Web 3 can be.

All these events set the stage for blockchain to make a global impact and carve a permanent place for itself in the global economic stage. Honestly, I can’t wait to see how far this will propel CrossFi and our financial ecosystem.

Stay tuned for more interesting interviews with CrossFi team!

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