In this exclusive interview, CrossFi CEO Alex Mamasidikov shares insights into the evolution of CrossFi, a project revolutionizing crypto payments by bridging traditional finance and DeFi. Discover how CrossFi's cutting-edge blockchain technology enables seamless transactions and scalability, paving the way for a new era of financial freedom. Ishan Pandey: Hello, Alex! I’m excited to have you here for our "Behind the Startups" series. To begin, could you tell us about your journey and the inspiration that led to the creation of CrossFi? Alex Mamasidikov: Hi Ishan! Thank you for having me here today, looking forward to sharing some inside the kitchen of CrossFi. So, long story short, the idea for CrossFi came to me when I realized a major issue in the crypto space—many people were earning cryptocurrencies but faced significant challenges when trying to spend them on everyday purchases. This problem was especially prevalent among those without access to traditional banking services. My goal was to create a solution that would allow anyone, anywhere in the world, to use crypto for payments, even without a bank account. It was crucial to make this tool intuitive, secure, and free from third-party control. After conducting extensive research and development (R&D), we developed on-chain transactions and non-custodial payment solutions integrated with traditional financial systems. This marked the beginning of CrossFi. Ishan Pandey: CrossFi Chain features a modular architecture that combines both Cosmos and EVM functionality. Could you explain how this dual approach enhances scalability and compatibility in the blockchain space? Alex Mamasidikov: CrossFi is built on a multi-VM (virtual machine) architecture, enabling seamless integration between Cosmos and EVM ecosystems. This means that two types of addresses—Cosmos-compatible and EVM-compatible—coexist within the network. On the Cosmos side, the architecture leverages Tendermint's consensus mechanism, which enhances decentralization and security. At the same time, the EVM (Ethereum Virtual Machine) provides scalability and compatibility with existing blockchain applications. By combining these strengths, we've created a high-performance blockchain capable of processing over one million transactions per second. This modular design also divides user roles: the Cosmos component focuses on validators, while the EVM component supports developers building decentralized applications. This makes integration with other ecosystems smoother and accelerates blockchain development. Ishan Pandey: Your platform bridges the gap between traditional finance and DeFi. How does the CrossFi application simplify interactions between fiat and cryptocurrencies? What challenges did you face when creating non-custodial instant payments? Alex Mamasidikov: We essentially built an alternative banking system with a full infrastructure that includes processing and an automated banking system (ABS). This allowed us to manage both fiat and cryptocurrency assets in a unified way. One of the key challenges was implementing on-chain settlement so that blockchain transactions could be treated as equivalent to fiat transactions. Another major hurdle was ensuring security. We successfully completed PCI DSS certification, making us one of the few solutions with full on-chain compliance with this security standard. Achieving this level of security, typically required only in the banking sector, was a significant milestone for us. Ishan Pandey: With the ambitious goal of supporting up to one million operations per second, what technological innovations drive CrossFi Chain’s performance? How do you ensure reliable security at such high throughput levels? Alex Mamasidikov: Our target was to achieve transaction speeds of around 200 milliseconds, matching the standards of modern payment systems for settlement between merchants and acquirers. This required extensive research and deep development of both the blockchain and the Fast Payment protocol. The challenge was significant, but our dedicated team delivered these innovations. This protocol enables the efficient processing of massive transaction volumes while maintaining the security and stability needed for high-performance operations. Ishan Pandey: DeFi products like CrossFi xAPP and xStake offer advanced financial services. What unique benefits do these products provide to both experienced traders and newcomers to DeFi? Alex Mamasidikov: Our main goal with these products is to simplify access to yield-generating protocols. For example, xStake supports more than 12 blockchains and various protocols, allowing users to earn yield without deep knowledge of DeFi. We aim to create an intuitive ecosystem that helps newcomers quickly adapt while providing advanced tools for experienced traders to manage their assets effectively. Ishan Pandey: Security is crucial for both DeFi and traditional finance. What security measures have been integrated into the CrossFi ecosystem to protect user assets and data? Alex Mamasidikov: We have implemented advanced security standards, including PCI DSS certification, which is typically required for banking and payment systems. We have also completed AML (Anti-Money Laundering) and KYC (Know Your Customer) audits, demonstrating compliance with international regulations. Additionally, our smart contracts have undergone independent technical audits. User data is fully protected and accessible only to the client, ensuring a high level of security across our platform. Ishan Pandey: Looking ahead, what trends in the cryptocurrency and digital finance space do you believe will have the most significant impact on CrossFi's strategy? Alex Mamasidikov: I believe the key trend will be the widespread accessibility and understanding of crypto, where users fully control their assets through personal wallets. Empowering people to be the custodians of their own funds is critical. Our project is focused on increasing trust in the crypto market and driving mass adoption. We see this as essential for the future growth of both CrossFi and the broader industry. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR In this exclusive interview, CrossFi CEO Alex Mamasidikov shares insights into the evolution of CrossFi, a project revolutionizing crypto payments by bridging traditional finance and DeFi. Discover how CrossFi's cutting-edge blockchain technology enables seamless transactions and scalability, paving the way for a new era of financial freedom. CrossFi Ishan Pandey: Hello, Alex! I’m excited to have you here for our "Behind the Startups" series. To begin, could you tell us about your journey and the inspiration that led to the creation of CrossFi? Ishan Pandey: Alex Mamasidikov: Hi Ishan! Thank you for having me here today, looking forward to sharing some inside the kitchen of CrossFi. Alex Mamasidikov: So, long story short, the idea for CrossFi came to me when I realized a major issue in the crypto space—many people were earning cryptocurrencies but faced significant challenges when trying to spend them on everyday purchases. This problem was especially prevalent among those without access to traditional banking services. My goal was to create a solution that would allow anyone, anywhere in the world, to use crypto for payments, even without a bank account. It was crucial to make this tool intuitive, secure, and free from third-party control. After conducting extensive research and development (R&D), we developed on-chain transactions and non-custodial payment solutions integrated with traditional financial systems. This marked the beginning of CrossFi. Ishan Pandey: CrossFi Chain features a modular architecture that combines both Cosmos and EVM functionality. Could you explain how this dual approach enhances scalability and compatibility in the blockchain space? Ishan Pandey: Alex Mamasidikov: CrossFi is built on a multi-VM (virtual machine) architecture, enabling seamless integration between Cosmos and EVM ecosystems. This means that two types of addresses—Cosmos-compatible and EVM-compatible—coexist within the network. On the Cosmos side, the architecture leverages Tendermint's consensus mechanism, which enhances decentralization and security. At the same time, the EVM (Ethereum Virtual Machine) provides scalability and compatibility with existing blockchain applications. By combining these strengths, we've created a high-performance blockchain capable of processing over one million transactions per second. Alex Mamasidikov: This modular design also divides user roles: the Cosmos component focuses on validators, while the EVM component supports developers building decentralized applications. This makes integration with other ecosystems smoother and accelerates blockchain development. Ishan Pandey: Your platform bridges the gap between traditional finance and DeFi. How does the CrossFi application simplify interactions between fiat and cryptocurrencies? What challenges did you face when creating non-custodial instant payments? Ishan Pandey: Alex Mamasidikov: We essentially built an alternative banking system with a full infrastructure that includes processing and an automated banking system (ABS). This allowed us to manage both fiat and cryptocurrency assets in a unified way. One of the key challenges was implementing on-chain settlement so that blockchain transactions could be treated as equivalent to fiat transactions. Alex Mamasidikov: Another major hurdle was ensuring security. We successfully completed PCI DSS certification, making us one of the few solutions with full on-chain compliance with this security standard. Achieving this level of security, typically required only in the banking sector, was a significant milestone for us. Ishan Pandey: With the ambitious goal of supporting up to one million operations per second, what technological innovations drive CrossFi Chain’s performance? How do you ensure reliable security at such high throughput levels? Ishan Pandey: Alex Mamasidikov: Our target was to achieve transaction speeds of around 200 milliseconds, matching the standards of modern payment systems for settlement between merchants and acquirers. This required extensive research and deep development of both the blockchain and the Fast Payment protocol. Alex Mamasidikov: The challenge was significant, but our dedicated team delivered these innovations. This protocol enables the efficient processing of massive transaction volumes while maintaining the security and stability needed for high-performance operations. Ishan Pandey: DeFi products like CrossFi xAPP and xStake offer advanced financial services. What unique benefits do these products provide to both experienced traders and newcomers to DeFi? Ishan Pandey: Alex Mamasidikov: Our main goal with these products is to simplify access to yield-generating protocols. For example, xStake supports more than 12 blockchains and various protocols, allowing users to earn yield without deep knowledge of DeFi. We aim to create an intuitive ecosystem that helps newcomers quickly adapt while providing advanced tools for experienced traders to manage their assets effectively. Alex Mamasidikov: Ishan Pandey: Security is crucial for both DeFi and traditional finance. What security measures have been integrated into the CrossFi ecosystem to protect user assets and data? Ishan Pandey: Alex Mamasidikov: We have implemented advanced security standards, including PCI DSS certification, which is typically required for banking and payment systems. We have also completed AML (Anti-Money Laundering) and KYC (Know Your Customer) audits, demonstrating compliance with international regulations. Alex Mamasidikov: Additionally, our smart contracts have undergone independent technical audits. User data is fully protected and accessible only to the client, ensuring a high level of security across our platform. Ishan Pandey: Looking ahead, what trends in the cryptocurrency and digital finance space do you believe will have the most significant impact on CrossFi's strategy? Ishan Pandey: Alex Mamasidikov: I believe the key trend will be the widespread accessibility and understanding of crypto, where users fully control their assets through personal wallets. Empowering people to be the custodians of their own funds is critical. Alex Mamasidikov: Our project is focused on increasing trust in the crypto market and driving mass adoption. We see this as essential for the future growth of both CrossFi and the broader industry. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program . HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure: business blogging program business blogging program

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