Why traditional banking in Africa doesn’t work?
The banking market in the African continent is projected to grow by 5% only in the next 5 years, while the crypto market’s projections almost double that.
Why are the banking systems in Africa falling behind? Let’s dive deeper into 4 main reasons for banking failures in the African continent:
https://medium.com/@crossfichain/why-traditional-banking-in-africa-doesnt-work-baa75aaa160e
The banking market in the African continent is projected to grow by 5% only in the next 5 years, while the crypto market’s projections almost double that.
Why are the banking systems in Africa falling behind? Let’s dive deeper into 4 main reasons for banking failures in the African continent:
https://medium.com/@crossfichain/why-traditional-banking-in-africa-doesnt-work-baa75aaa160e
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Alexander Mamasidikov: CBDC as A Transparent Way to Combat Corruption
In today's world, where corruption remains a pervasive issue in many societies, finding effective solutions is paramount. And that's where CBDCs come into play. These digital forms of national currency, issued and regulated by central banks, hold tremendous promise in promoting transparency and accountability within financial systems.
CrossFi Founder and CEO Alexander Mamasidikov conducted extensive research for the million-strong audience of Securities.io on how transformative power CBDCs works. By leveraging blockchain technology, transactions can be securely recorded and traced in real-time, leaving little room for manipulation or fraud. This level of transparency not only deters corrupt practices but also fosters trust among citizens and investors alike.
Read the full article:
https://www.securities.io/cbdcs-a-transparent-way-to-combat-corruption/
In today's world, where corruption remains a pervasive issue in many societies, finding effective solutions is paramount. And that's where CBDCs come into play. These digital forms of national currency, issued and regulated by central banks, hold tremendous promise in promoting transparency and accountability within financial systems.
CrossFi Founder and CEO Alexander Mamasidikov conducted extensive research for the million-strong audience of Securities.io on how transformative power CBDCs works. By leveraging blockchain technology, transactions can be securely recorded and traced in real-time, leaving little room for manipulation or fraud. This level of transparency not only deters corrupt practices but also fosters trust among citizens and investors alike.
Read the full article:
https://www.securities.io/cbdcs-a-transparent-way-to-combat-corruption/
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We're glad to announce the 3rd Testnet initiative for Users in collaboration with CoinList!
This major milestone represents a significant step forward in our mission to create a robust and accessible ecosystem for all users, developers and validators alike.
What're moves?
1 stage
🔹Join Testnet
🔹Get test coins using faucet
🔹Complete daily tasks and earn XFT
2 stage
🔹Swap XFT and receive even more test coins while thoroughly testing the network.
3 stage
🔹Increase your chances of receiving coins on the mainnet by engaging in activities
General aim: be very active and complete daily tasks!
Hurry up, the Testnet Users Initiative duration is 2,5 months only.
Stay updated with the latest news to ensure you don't miss out on important information that will help you become a highly effective tester, leading to rewards in the mainnet.
Learn more about Initiative for Users: https://xfi.foundation/users
Join the strongest blockchain community right now:
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I participate in the CrossFi Chain Testnet as a....
Anonymous Poll
19%
Validator
11%
Developer
77%
User
5%
What?!
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1. Optimization work
We have conducted optimization work on XFI Testpad, everything is functioning correctly. The faucet is currently operating steadily.
CrossFi Chain Testnet serves a crucial purpose of meticulously identifying and resolving any bugs or inaccuracies within the blockchain, ensuring a robust and error-free system before the launch of the mainnet.
2. Guidlines for Validators and Users to interact effectively during Public Testnet
We've prepared criteria guides for validators and users to explain the main activities and steps which you need to do during Public Testnet.
By following these guides, validators can effectively attract and support a diverse user base, while users can confidently navigate the CrossFi Chain Testnet environment and actively contribute to its growth.
Soon we'll provide the full technical guide about how to use XFI TestPad, XFI Console and complete tasks during Public Testnet.
Stay tuned!
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"The main strength of Cross Finance is interoperability, that we have no boundaries, and we break all stereotypes that have been imposed on blockchain technology over the years", - Alexander Mamasidikov.
In this interview, Alexander sheds light on Cross Finance's mission to transform the financial landscape by bridging traditional and blockchain-based systems.
https://youtu.be/xDRWJs5WLKg?feature=shared
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YouTube
Exploring Cross Finance: Revolutionizing DeFi with Alexander Mamasidikov, Founder | Interview
Join us for an interview with Alexander Mamasidikov, the Founder of Cross Finance, as he takes us on the journey through the Cross Finance ecosystem. In this discussion, Alexander sheds light on Cross Finance's mission to transform the financial landscape…
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«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», - Fedor Bogorodskiy, CFO at Cross Finance.
Join us for an interview with Fedor Bogorodskiy, CFO at Cross Finance, as he takes us through the groundbreaking CrossFi APP. Find out when CrossFi cards will be released. Gain insights into Fedor's forecast on what the bull run will bring for crypto users, and much more.
https://crossfi.org/unleashing-the-power-of-web3-banking-a-conversation-with-fedor-bogorodskiy-cfo-at-cross-finance/
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We've developed the guidelines for users to provide the full information about XFI Pad, tasks, test Console and XFT.
https://docs.crossfi.org/crossfi-foundation/xfi-pad
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Join us as we're gonna discuss all the important questions about Testnet.
Drop your questions under this post, we'll answer everything during the AMA.
Set a reminder:
https://twitter.com/i/spaces/1vAGRvgZWngGl
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What Does The Recent Bitcoin Surge Mean For Digital Currencies?
Alexander Mamasidikov, Founder and CEO at Cross Finance, had the opportunity to share his opinion with TechRound media on the recent surge in Bitcoin and its implications for the wider crypto market.
Alexander emphasised while many experts have labeled the recent rise in Bitcoin's value as a bull run, the market situation remains uncertain. The surge in cryptocurrencies can be attributed to the evolving landscape surrounding Bitcoin ETFs.
Regarding the future development of the crypto market, it is gradually transitioning towards a realm of clear government regulation. All indications suggest that Bitcoin will be used as a reserve currency worldwide in the future. And new CBDCs will be created based on it.
Learn more about current market situation and forecasts:
https://techround.co.uk/cryptocurrency/what-does-the-recent-bitcoin-surge-mean-for-digital-currencies/
Alexander Mamasidikov, Founder and CEO at Cross Finance, had the opportunity to share his opinion with TechRound media on the recent surge in Bitcoin and its implications for the wider crypto market.
Alexander emphasised while many experts have labeled the recent rise in Bitcoin's value as a bull run, the market situation remains uncertain. The surge in cryptocurrencies can be attributed to the evolving landscape surrounding Bitcoin ETFs.
Regarding the future development of the crypto market, it is gradually transitioning towards a realm of clear government regulation. All indications suggest that Bitcoin will be used as a reserve currency worldwide in the future. And new CBDCs will be created based on it.
Learn more about current market situation and forecasts:
https://techround.co.uk/cryptocurrency/what-does-the-recent-bitcoin-surge-mean-for-digital-currencies/
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Everything you need to know about MPX ❤️ and XFI ❤️
Get answers to 5 most common questions: how to get and spend MPX and XFI, why there are 2 coins, what is the difference, and what rewards can be expected for staking.
Useful:
🔹Buy XFI coin on HTX and Mexc exchanges.
🔹Use @CrossfiExchangeBot to buy MPX coins for XFI or USDT.
🔹Use XFI Console to stake MPX and get rewarded in XFI coins.
Check out cards🔼
Get answers to 5 most common questions: how to get and spend MPX and XFI, why there are 2 coins, what is the difference, and what rewards can be expected for staking.
Useful:
🔹Buy XFI coin on HTX and Mexc exchanges.
🔹Use @CrossfiExchangeBot to buy MPX coins for XFI or USDT.
🔹Use XFI Console to stake MPX and get rewarded in XFI coins.
Check out cards
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Temporary stop of the test coin faucet
We are temporarily suspending the operation of the test coin faucet. This is due to the appearance of a large number of bots.
We are changing the authorization method which will take approximately 2 days.
During this time, we will work on equalizing the stakes of honest participants in the grant initiative for validators.
We will always stand for fair play!
We are temporarily suspending the operation of the test coin faucet. This is due to the appearance of a large number of bots.
We are changing the authorization method which will take approximately 2 days.
During this time, we will work on equalizing the stakes of honest participants in the grant initiative for validators.
We will always stand for fair play!
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Why Would Someone Want To Pay With Crypto Anyway?
Alexander Mamasidikov, Founder and CEO of Cross Finance, shares his opinion on The Defiant about the development of the crypto payments industry and the main stereotypes about the costliness of such payments.
People believe that paying with cryptocurrency is expensive. This was true when there were only Bitcoin and Ethereum as solutions in the market. Now, transactions can be conducted much cheaper and faster.
❤️ For example, CrossFi Chain, an L1 blockchain, allows for up to 10,000 transactions. Read Alexander's comment on why L2 blockchains complicate the usability of the blockchain itself for enterprises.
Another problem in the banking services market is inaccessibility. Many people still remain outside the banking sector for various reasons. Alexander believes that the future of finance will be more affordable, accessible, and borderless, not by eliminating traditional finance (TradFi), but by merging crypto payments with legacy payment rails.
Read the full article:
https://thedefiant.io/why-would-someone-want-to-pay-with-crypto-anyway
Alexander Mamasidikov, Founder and CEO of Cross Finance, shares his opinion on The Defiant about the development of the crypto payments industry and the main stereotypes about the costliness of such payments.
People believe that paying with cryptocurrency is expensive. This was true when there were only Bitcoin and Ethereum as solutions in the market. Now, transactions can be conducted much cheaper and faster.
Another problem in the banking services market is inaccessibility. Many people still remain outside the banking sector for various reasons. Alexander believes that the future of finance will be more affordable, accessible, and borderless, not by eliminating traditional finance (TradFi), but by merging crypto payments with legacy payment rails.
Read the full article:
https://thedefiant.io/why-would-someone-want-to-pay-with-crypto-anyway
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