Mineplex Banking News (EN)

The fintech market. Forecasts The fintech market is one of the fastest growing markets. In 2024, there are 3.5 billion users in the digital payments sector. In 2028, it will increase to 4.8 billion users. What other forecasts do the Statista experts make? 🔹The largest sector will be the digital assets sector with an AUM of 80.08 billion US dollars in 2024. 🔹In 2025, the digital asset market will show revenue growth of 17.38%. 🔹Neobanks have changed the traditional banking industry. They provide innovative, customer-oriented solutions that meet the needs of today's digitally savvy consumers. 🔹Digital investment platforms will continue to grow in popularity as more and more people seek to manage their finances online. Over the past 10 years, fintech has become a transformative force in the global financial world. The market attracts multibillion-dollar enterprises and changes the financial landscape. Join us!

How does neobank differ from a traditional bank? Neobanks are a new type of banks that operate only online and do not have physical offices. They provide financial services on a smartphone and do not belong to large traditional banks. The neobanking market in numbers: 386.30 million neobanking users by 2028. $6.37 trillion is the estimated volume of transactions in the neobanking market in 2024. $10.44 trillion is the volume of transactions by 2028 with a projected growth of 13.15% per year. 3.89% is the percentage of users using neobanking in 2024, and 4.82% is projected in 2028. For more benefits, see the carousel 👆

TOP questions about moving PLEX PLEX is expected to move in the new blockchain in the summer of 2024. Here answers the main questions about this. When will the move take place? We continue to publicly test the EVM part of the CrossFI Chain. The launch of the main network will take place in the summer. After that, we will begin the process of moving PLEX. I have MINE and PLEX in my wallet, what should I do? There is nothing to do. PLEX continues to be mined. When the move takes place, we will publish detailed instructions on the next steps. How much PLEX will I get after moving to a new network? The number of PLEX consists of 3 indicators: 1. PLEX balance on the wallet 2. The MINE balance on the wallet will be converted to PLEX at the rate of 15,000 MINE = 1 PLEX. 3. Depending on the amount of MINE in the wallet, it will be calculated how much PLEX you would still have mined before the end of its issue. This amount will be credited to the total balance. The combined balance of PLEX will be transferred to the CrossFi Chain 1 to 1. Without fees or other conditions. What should I do with PLEX now? 1. Hold until the move. 2. Sell on the MEXC exchange for USDT. Where to use PLEX after moving? The company's goal is to create PLEX utilities, the possibility of its active use. After the move, PLEX will be used in the xAPP - DeFi Cross Finance application. The application will allow you to manage and exchange tokens between networks, create liquidity pools, receive commissions from trading operations and earn money. xAPP will have the possibility of decentralized PLEX exchange. We thank you for your support and patience. Stay in touch!

Where are stablecoins popular? Stablecoins provide efficiency, security and transparency. They are usually pegged to USD in a ratio of 1:1. In which countries are they popular? How are they used? Stablecoins are an important solution for residents of countries facing currency volatility, allowing them to store savings and use them for trading. Many are also intrigued by the potential of stablecoins to expand access to financial services for the part of the population that does not have banking services. In recent months, the volume of stablecoin transactions has amounted to more than half of the total volume of cryptocurrency transactions. Where are they used? Stablecoins are becoming a real global asset. Turkey, Thailand and Brazil are the leaders in buying stablecoins. The international interest reflects the widespread and growing dependence on USDT in various regions of the world. It is noteworthy that countries that have faced volatility and devaluation of local currencies, such as Turkey and Georgia, are widely represented in the field of USDT purchases. Residents of these countries choose stablecoins to save their savings when the local currency loses value. Stablecoins provide access to basic financial services and allow people to participate in economic life, especially residents of regions with economic instability and devaluation of the local currency.

Where are stablecoins popular? Stablecoins provide efficiency, security and transparency. They are usually pegged to USD in a ratio of 1:1. In which countries are they popular? How are they used? Stablecoins are an important solution for residents of countries facing currency volatility, allowing them to store savings and use them for trading. Many are also intrigued by the potential of stablecoins to expand access to financial services for the part of the population that does not have banking services. In recent months, the volume of stablecoin transactions has amounted to more than half of the total volume of cryptocurrency transactions. Where are they used? Stablecoins are becoming a real global asset. Turkey, Thailand and Brazil are the leaders in buying stablecoins. The international interest reflects the widespread and growing dependence on USDT in various regions of the world. It is noteworthy that countries that have faced volatility and devaluation of local currencies, such as Turkey and Georgia, are widely represented in the field of USDT purchases. Residents of these countries choose stablecoins to save their savings when the local currency loses value. Stablecoins provide access to basic financial services and allow people to participate in economic life, especially residents of regions with economic instability and devaluation of the local currency.

How do people pay around the world? The volume of cash transactions around the world has continued to decline over the years. So how do people pay? Mobile wallets It is predicted that digital payment systems including Apple Pay, PayPal or Alipay will become the fastest growing payment method worldwide. In 2023, mobile wallets accounted for approximately half of global e-commerce payment transactions, making the digital wallet the most popular online payment method worldwide. In the next three years, the growth rate will be 14.9%. Mobile wallets have become the most popular payment method in developing countries. Credit cards Credit cards took the second place among popular payment solutions: 22% in 2023. According to forecasts, their popularity will decrease in the coming years. Cryptocurrency The cryptocurrency payments market accounts for a small percentage. However, this situation will change. In 2023, the most dynamic crypto market was in Central and South Asia and Oceania. The region dominates in terms of purchasing power and population. And what payment method do you use?

TOP questions about moving PLEX PLEX is expected to move in the summer of 2024. Let's answer the main questions about this event. When will the moving be? We continue to publicly test the EVM part of the CrossFI Chain. The upgrade of the main network is scheduled for the end of May, after which we will begin the process of moving PLEX. How much PLEX will I get? The number of PLEX consists of 3 indicators: 1. PLEX balance on the wallet. 2. The MINE balance on the wallet will be converted to PLEX at the rate of 15,000 MINE = 1 PLEX. 3. Depending on the amount of MINE in the wallet, it will be calculated how much PLEX you would still have mined before the end of its issue. This amount will be credited to the total balance. The combined balance of PLEX will be transferred to the CrossFi Chain 1 to 1. How will the PLEX move happen? We will reveal detailed instructions and conditions later. What should I do with PLEX now? 1. Hold until moving. 2. Sell on the MEXC exchange for USDT. Where to use PLEX after moving? The company's goal is to create PLEX utilities, the possibility of its active use. After the move, PLEX will be used in the xAPP - DeFi Cross Finance application. The application allows you to manage and exchange tokens between networks, create liquidity pools, receive commissions from trading operations and earn money. xAPP will have the possibility of decentralized PLEX exchange. PLEX will participate in the release of the xUSD stablecoin. This is CrossFi's own stablecoin, which is backed by cryptocurrency. It can only be created with XFI or PLEX. XUSD can be used for various purposes: storing assets, buying other tokens, earning commissions, etc. PLEX will be used as collateral for the issuance of a stablecoin. We thank you for your support and patience. Stay in touch!

Why do we need new stablecoins on the market? Stablecoins are becoming an increasingly important sector in the crypto market. The market capitalization is more than $156.8 billion in April 2024. Stablecoins provide a wide range of utilities, from a centralized exchange to DeFi services. Cointelegraph experts investigated why the market benefits from the emergence of new stablecoins. We have highlighted the top 3 responses. An alternative for saving funds The top countries with the highest inflation are Argentina, Turkey, Venezuela, and Brazil. Residents of these countries are constantly looking for an alternative to the national currency. Access to banking services More than 2 billion people in the world do not have access to banking services, they live on less than $300 per month. They do not have bank accounts, and they are not able to make the usual transactions. Stablecoins give them the opportunity to use financial services. Competitiveness Most stablecoins do not have a transparent security system. However, the emergence of new, trustworthy stablecoins affects the growth of confidence in the market, increases the importance of the industry and the attention of regulators. According to the CEO of Tether, there is “a place for all [stablecoins] in the market. Given that the United States prints about $1 trillion every 100 days, the crypto market could probably be 30 times larger than it is."

Top 3 Asset Tokenization Assets worth $3 billion were tokenized by 2023. By 2030, growth is projected to reach $16 trillion. What is asset tokenization and how is it applied? Let's discuss it. What is asset tokenization? This is the placement of data in the blockchain about the ownership rights to traditional assets. The tokens received represent a share of ownership in the underlying asset. Practically any asset can theoretically be tokenized: corporate shares, real estate, art, etc. Turning these assets into digital tokens makes them divisible and allows democratizing access to investment. This increases the liquidity of traditionally illiquid asset classes. 1. Real estate Real estate is one of the most promising and frequently discussed examples of a tokenized asset. Real estate transactions often require a combination of money up front and large loans. By tokenizing real estate assets, investors can more easily buy or sell shares in individual properties and with less need for intermediaries. 2. Bonds The tokenization of bonds is a trend that has already gained momentum. Tokenization can simplify the bond issuance process and automate aspects of bond management, such as interest payments and maturity calculations. It also reduces the number of intermediaries, reduces transaction costs and makes the market accessible to investors. 3. Carbon quotas Carbon quotas can be traded like any other financial instrument. For example, companies that don't actually reduce their emissions can buy carbon quotas from those who have already done so. This allows them to pay for reducing their environmental impact on paper and meeting their emissions requirements in accordance with the law. The tokenization of carbon quotas can increase market transparency and efficiency and open up access for small companies to buy and sell assets. Asset tokenization is a real way to combine the crypto economy with the old world of traditional finance, giving more people the opportunity to invest in assets that are currently unavailable to them and increasing market efficiency.

Crypto Adoption 2023 The index of crypto acceptance of countries does not depend on the volume of transactions in the country, but on the amount of daily use of cryptocurrency by residents in everyday affairs. Chainalysis researchers have published a report for 2023 on market trends, crypto adoption, and factors influencing the use of cryptocurrencies. Let’s discuss the main thing. Top Leading Countries in Crypto Adoption 2023 The leaders have changed places this year, but the top 3 countries have remained the same: India, Nigeria, Vietnam. The countries of Central and South Asia and Oceania continue to dominate the top 10. North America is the largest cryptocurrency market with an estimated value of $1.2 trillion. This is 24.4% of all transactions in the world. In comparison, Central and South Asia and Oceania account for 19.3%, while Europe occupies 17.6%. Where is the future of cryptocurrency? In 2023, the most dynamic crypto market is located in Central and South Asia and Oceania. The region dominates in terms of purchasing power and population. Six out of ten countries are in the top countries: India (1), Vietnam (3), Philippines (6), Indonesia (7), Pakistan (8) and Thailand (10). Various factors stimulate the introduction in different countries of the region, which leads to different indicators of the use of different types of cryptocurrency services. How is cryptocurrency used in the leading region? Centralized exchanges take up most of the web traffic in all these countries, as well as all over the world. But there are serious differences in other ways of using digital assets. For example, in the Philippines, a huge share of cryptocurrency-related web traffic falls on gaming platforms — 19.9% (for comparison in Vietnam - 10.8%). In Pakistan and Vietnam, there is a higher share of activity in the P2P sector. Here, the cryptocurrency acts as a savings in conditions of high inflation and devaluation of the national currency.

Most Used Payment Methods in E-commerce 2027 Statista published a new study on popular online payment methods last year and made a market forecast until 2027. Let's discuss it. Top 3 Payment Methods Half of the payment transactions are accounted for by mobile wallets. Their popularity will continue in the next 4 years. In the period from 2023 to 2027, the average annual growth rate will be 14.9%. Credit and debit cards are in second and third places. According to forecasts, however, they will be used less and less. Cryptocurrency Payments In 2023, they accounted for less than 0.2% of the global value of e-commerce transactions. Experts were unable to make forecasts for the next 4 years, because at the moment the number of offers from retailers who accept cryptocurrency as payment is limited. However, the demand for the use of digital assets is growing. According to surveys, 64% and 44% of customers are interested in paying with cryptocurrency for travel and hotel reservations, respectively. And what would you like to pay for with cryptocurrency?

How much did investors earn in 2023? We have already found out that 2023 was the year of the recovery of the cryptocurrency markets. How well were investors doing? Total profit In 2023, all crypto investors made a total profit of $37.6 billion. The increase compared to last year in 2023 was due, among other things, to a lower conversion of crypto assets into cash. Investors expected prices to rise even higher. Which country has the most profit? In 2023, US investors led the way in terms of profits from cryptocurrencies by a wide margin. Revenue amounted to $9.36 billion. The UK took second place with an estimated profit from the cryptocurrency of $ 1.39 billion. Vietnam is in third place. Why do low-income countries make high profits? The top 6 countries with the highest profits include several countries with lower-than-average incomes: Vietnam, China, Indonesia and India. They have achieved an estimated profit of over $1 billion. The main reason for sustainability, despite the bear market of 2023, was the active introduction of cryptocurrencies in these countries. Using cryptocurrency is one of the alternative ways to save money in an inflationary environment. However, the main advantage of cryptocurrencies is access to financial instruments in low-income developing countries, where banking services are not available to the population. All the details: https://www.chainalysis.com/blog/cryptocurrency-gains-by-country-2023/

How big was crypto crime in 2023? 2023 was a year of cryptocurrency recovery as the industry recovered from scandals and price cuts in 2022. How has this affected crypto crimes? Chainalisys has published a detailed study. How much was stolen? (spoiler less than 0.5%) In 2023, illegal activity in the crypto market amounted to 0.34% of the total volume of crypto transactions. The crimes include funds sent to illegal addresses, funds stolen as a result of crypto hacks. In 2022, it was 0.42%. What is being stolen? Until 2021, bitcoin was the leader among crypto crimes, probably due to its high liquidity. Over the past two years, the situation has changed, and most of the illegal transactions are in stablecoins. This change is due to the recent increase in the share of stablecoins in all crypto activity in general, including legitimate activities. How is it stolen? Income from crypto fraud and hacker attacks fell significantly in 2023, while the total amount of illegal income for each of them decreased by 29.2% and 54.3%, respectively. Crypto scammers are currently targeting individuals and talking about fraudulent investment opportunities. The number of DeFi hacks has decreased significantly. This may mean that DeFi protocols are improving their security practices. Hacker attacks, according to the researchers, are much more difficult to hide, since observers can quickly detect leaks from a service or protocol. We remind you about security on the Internet and in the crypto market. The responsibility for the funds lies solely with you. Do not disclose the seed phrase to anyone. Remember that company representatives never write first. Be careful!

Bank 2030. The transformation of banking Deloitte has published a large study on the future of banking. How will the traditional business model change, and what will help banks survive the transformation? We have identified three main trends. 1. New technologies Technology is changing banking and the financial capital markets industry. Blockchain, Artificial Intelligence and automation have led to innovation throughout the business and will continue to do so. Companies are forced to develop and implement these technologies in order to keep up with competitors and maintain market positions. 2. New financial services The ecosystem of financial services is expanding. Fintech companies are entering the market, which are updating the range of services for users. Large financial organizations and banks are coming to understand the need to develop this service sector. The importance of a sound ecosystem strategy and effective coordination will be crucial. 3. New security system Financial crimes are evolving as criminals master new and innovative ways. Cybersecurity comes first to protect customer funds. Financial institutions need to use advanced technology to effectively detect fraud.

Moving PLEX PLEX's move to the new CrossFi Chain will take place in July-August 2024. Here are more details. On February 20, the testnet of the EVM part of the CrossFi Chain was launched. In the next three months, a huge number of validators, developers and users will check the smooth functioning and stability of the EVM network. This is necessary for the safe operation of the blockchain. After that, the mainnet will be launched. The mainnet is the main network of the EVM part of the CrossFi Chain, where PLEX will be relocated. All PLEX 1 to 1 will be transferred to the new CrossFi Chain network without commission and additional payments. We will make the PLEX transition as high-quality and user-friendly as possible. Later we will give instructions and step-by-step explanations of all the steps. Thank you for being with us!

Why do consumers prefer to use cryptocurrency for purchases? According to a recent Statista study, more than half of crypto users consider digital assets to be a secure payment method and even more stable than fiat. What contributes to the choice of payment in favor of cryptocurrency? Is there a choice? The majority of respondents who answered in favor of cryptocurrency do not trust financial institutions and believe that cryptocurrency is more stable than fiat, these are people who do not have a bank account and they simply do not have access to financial services. Market growth Users are confident that cryptocurrency will become the main payment method. This is confirmed by the researchers' forecasts. Despite the small size of the cryptocurrency payments market, annual growth will be 17% until 2029. Where is the most promising cryptocurrency market? These are Latin America, Africa and Asia. The markets of these countries are more receptive to new digital currencies, since traditional financial services are not available to them in most cases. One of the most popular types of payments is money transfers – sending money to relatives and friends at home from abroad. Cryptocurrency transfers are cheaper than regular money transfers from traditional financial institutions and require only a smartphone and internet access.

The appeal of the security service Fraud cases have become more frequent on the Internet. For example, you may receive a letter on behalf of the project offering to return stolen tokens, or that your wallet has been compromised. Most likely, this is what scammers do, who stole your funds, just use a new phishing site: https://mineplexrefund.com ❌ In any case, do not click on the links in the letter, do not open unknown sites, do not enter any data, do not connect your wallets to questionable applications and services. Representatives of the MinePlex company never write first, they always use only official mail in their responses. If you have any questions, please contact the official support service. The only official MinePlex website: mineplex.io ✅ Take care of yourself!

Three trends of the financial world 2024 What trends in the financial world are becoming key in 2024? What will be in demand among investors? Let's discuss the forecasts. 1. Combining the traditional financial system and blockchain technology According to experts, universal multifunctional applications supporting both fiat balances and cryptocurrencies will enter the market. In pursuit of the trend, 50% of banks are already creating partner ecosystems with fintech companies and digital platforms. This helps to maintain competitiveness in the market and allows them to accelerate the digital transformation of the company. 2. Market regulation The regulatory changes of the crypto market will be a turning point in the history of crypto adoption. Among the 43 crypto asset markets that PWC investigated, only three did not begin to develop laws on crypto assets. Europe and the Middle East have made significant progress in regulation. Here, companies dealing with digital assets can work within the framework of the law. 3. Tokenization The conversion of asset rights into digital tokens on the blockchain is already starting a revolution in various sectors. Tokenization gives investors the opportunity to enter into expensive assets that were previously available only to institutional investors. A wide range of new investment areas are emerging. Another important advantage of tokenization is increased liquidity: platforms supporting tokenized assets are able to buy and sell faster and easier. Tokenization also increases transparency and ensures the security of transactions. Thanks to the rapid regulation of digital assets by governments, acceptance and trust in tokenization will grow. Clear market rules will encourage investors and institutions to participate in tokenized asset markets.

5 Reasons Why a Traditional Bank Does Not Work in Developing Countries Worldbank has published a study in which, using the example of Africa, it noted the reasons that make banking difficult in developing countries. Let's discuss it. 1. The volume of the economy The small size of the country's economy does not allow financial service providers to benefit and scale. 2. Limited demand for services In developing countries, users are not interested in savings, insurance, loans, or even simple payment transactions. This means that a significant part of the population are not commercially viable customers for the traditional banking model. 3. Residents outside cities Most of the population does not live in cities and is dispersed throughout the country. Therefore, the provision of financial services outside the cities through branches is inefficient in terms of costs. 4. There are no official documents A significant part of the population works informally and does not have the necessary documents. This increases costs and risks for financial institutions and excludes most of the population from traditional formal financial services. 5. Volatility of the national currency Exchange rate instability increases the costs of banking organizations and undermines risk management. Innovative financial technologies can potentially reduce transaction costs and risks by allowing the public to provide the necessary banking services, process small transactions and be accessible anywhere in the country where there is an Internet connection.

NEW: CrossFi x CoinList 🚀 CrossFi aims to bridge the gap between cryptocurrency and fiat, eliminating the need for exchanges and multiple transactions. Users enjoy effortless integration of crypto with real-world payments and bank transfers, regardless of their location. Today, we are excited to announce the CrossFi Incentivized Testnet on CoinList, a grass-roots effort to accelerate the growth of their network. CrossFi is offering 420,000,000 tokens (~4.88% of the total token supply) to qualifying users for their contributions. Learn more 👉 https://coinlist.co/crossfi-testnet?utm_source=Telegram&utm_medium=web&utm_campaign=CrossFi+testnet

Comparison of crypto cards Check out the table.🔼 The CrossFi card has many advantages such as non-custodiality, multi-assets use, worldwide payments, own blockchain - CrossFi Chain and so on. ❤️ The CrossFi APP uses the native XFI coin. XFI is a means of payment along with fiat funds in the CrossFi APP. So you can directly pay for your purchase in XFI. Pre-order your first CrossFi card now: 🔹https://www.crossfi.app

How much money is invested in fintech projects, and what do investors pay attention to? The fintech sector is filled with successful companies that have turned into unicorns. The unicorn company is a startup with a value exceeding one billion US dollars. The United States accounted for 70% of the total investment. KMPG International Audit and Consulting Corporation has published a market study for 2023. How much is invested? $113bn is the total volume of investments in the world 4547 - the number of transactions for 2023 is $ 78.3 billion in America $10.8 billion in Asia What do investors choose? Investor trends over the past six months: ✔️ Increased interest in fintech solutions aimed at expanding B2B capabilities. ✔️ Attention to new partnerships and alliances. ✔️ Interest in the application of artificial intelligence in the financial technology sector. ✔️Attention to embedded financial products, especially payments and loans, as part of the transition to digital banking. Trends of 2024 🔹 Growing interest in stablecoins. 🔹 The payment solutions sector. 🔹 Focus on AI application development.

Who do users trust? Fintech companies offer financial services similar to those offered by banks or asset managers. We compared studies on who users trust more - banks or fintech, and which criteria are important for customers. What do users choose? 66% of Generation Z trust fintech companies more than traditional banks. They make a choice in favor of innovative projects, because their priorities are manufacturability, transparency and accessibility of services. 37% of older consumers also trust fintech companies. An important condition for customers is a recognized brand of the company. The main advantage is the convenience and accessibility of financial services. What causes confidence in fintech projects? The innovation of fintech projects must be backed by trust. To do this, companies need to provide users with: 🔹 Transparency. The client knows how the company works with his data, what fees it charges and how it performs operational processes. 🔹 Confidentiality. Protecting users' personal information is a company priority. 🔹 Safety. Ensuring the security of financial transactions is of paramount importance: cybersecurity, encryption, access control, etc. If consumers are confident that their data is safe, they are more likely to use FinTech services. 🔹 Accessibility and user-friendliness. Access anywhere in the world, user-friendly interface play a key role in the user experience.

What helps cryptocurrency adoption? 40% of the world's total population lives in low-income and developing countries. These are countries where cryptocurrency solves the current financial problems of residents. Let's discuss what helps the spread of cryptocurrency? The availability of smartphones The spread of smartphones is an indicator of economic development. India has the second largest number of smartphone users in the world. The top 15 countries in terms of the number of smartphones also include Vietnam, Nigeria, and Indonesia. These are the leading countries in the list of crypto adoption. The spread of the Internet India, Vietnam, Nigeria, and Indonesia are again in the lead in the list of countries with the largest number of Internet users. In total, Asia has the largest number of Internet users - 2.9 billion. Financial conditions Cryptocurrency is a real way to save money in times of financial instability. For example, in Nigeria, the national currency depreciated by 42% in 2023. The annual inflation rate of the Argentine peso was 114%. It is expected that Nigeria and Argentina are among the top 15 countries in the crypto adoption ranking. As the national currency weakens, residents are looking for an alternative in saving funds. What would you add to this list?

The advantages of moving PLEX. Answers to the main questions from Vladimir Rodinka In 2024, the PLEX token will move to the new CrossFi Chain network. Blockchain product manager Vladimir Rodinka answered frequent questions about the new blockchain. Why it needs to move to a new network? The company's task has always been to create a mobile banking where the user can use cryptocurrency together with fiat in any financial transactions. However, the Tezos architecture, which is at the heart of the MinePlex blockchain, has a number of disadvantages: ✖️ Transaction speed. The block creation time is 15 seconds. 4 confirmations are required to complete the transaction. Thus, we get 1 minute for a valid transaction - this is a huge and unacceptable time to synchronize processing and on-chain transactions. ✖️ Complex and unpopular development languages. The Tezos core uses OCaml and Michelson smart contracts. These languages are used by high-level specialists and there are very few of them. Therefore, maintaining the MinePlex network is a resource-intensive task. And the development and scaling of the network is unreasonably difficult. In March 2023, we decided to launch a new CrossFi Chain. How does the CrossFi Chain work? CrossFi Chain is a first-level blockchain with a modular architecture consisting of two main parts: Cosmos and EVM. Each part is responsible for its own specific functionality, while they are fully synchronized and work as a whole. The Cosmos part is responsible for consensus, creating and confirming blocks, making transactions and issuing new coins. It was created on the basis of: -Tendermint core -Cosmos SDK The EVM part is responsible for working with smart contracts and creating decentralized applications, products and services. The foundation of the EVM part is: - Ethermint - Evmos What are the advantages of CrossFi Chain? CrossFi Chain has the following key indicators: ✅ Transaction speed. The block creation time is 5 seconds and 1 confirmation for a valid transaction. ✅ Application development in any programming language. ✅ Full compatibility with EVM (Ethereum Virtual Machine). This allows you to create smart contracts in the Solidity language or integrate ready-made ones. CrossFi Chain meets the requirements that ❇️ necessary for making banking transactions with cryptocurrency, ❇️ has unlimited opportunities to scale and create new products of the Cross Finance ecosystem. In the first quarter of 2024, we are preparing to launch the EVM mainnet of the CrossFi Chain. After that, the transfer of PLEX to the new network will begin. All news about the CrossFi Chain can be tracked in the official channels: https://t.me/crossfichain

Be among the first CrossFi card holders We're opening pre-orders for CrossFi cards! How to apply for CrossFi card? 🔹Follow the link: https://www.crossfi.app 🔹Check out the benefits of CrossFi card 🔹Fill out a form and click "submit". ⚠️ Hurry up, the number of cards is limited! Once the CrossFi APP officially launches, you will be among the first to apply for a physical card after completing registration and KYC. Stay tuned to follow your CrossFi card! 🔗 Pre-order CrossFi card

Security of work in crypto projects. Check yourself We have collected 4 main safety rules when working with cryptocurrency. What else would you add? 1. Authenticity of the site Check the addresses of the websites of companies and exchanges. Scammers can make fake copies that are difficult to distinguish from the original, but they cannot buy exactly the same domain. Scammers also create phishing news channels - in this case, you can check the date of the group's creation. 2. Seed phrase. SEED phrases must be stored in a safe place that only you have access to. It is best to store the phrase in a non-digital format: in a notebook, notebook. If you want the password to always be at hand, then keep it in your phone in notes, but not completely, always entering 1-2 words manually. Also, never copy the entire phrase and do not send it. 3. Safety of funds The safest place to store cryptocurrencies are "cold" wallets. These are physical devices that store your private keys offline, without an internet connection, making them invulnerable to hacker and phishing attacks. A non-custodial wallet is also a suitable solution - it is a decentralized storage that allows only the owner to have access keys to assets. 4. Data security Remember that employees of companies do not have the right to ask you for passwords and access to your wallet and account. If you have doubts when working with MinePlex services, write to the support chat mineplex.io . You are responsible for your data and funds. Be careful!

Technical works Until January 27, we are making a number of technical updates on the infrastructure side. In this regard, payments in pools №20, 22, 24, 26, 30 there may be interruptions. We will inform you about the completion of the technical work. The rewards for the missed cycle will be credited.

How is fintech changing the financial paradigm? The financial technology market is developing rapidly. In 2024, the largest area will be digital investments with a volume of $152.20 billion. What else will happen in the market? Investment Digital investment platforms are gaining momentum: people are looking for inexpensive and easy-to-use investment options. For startups and small and medium-sized businesses, according to Statista researchers, attracting digital capital has become an effective way to access financing and project development. Neobanks The popularity of digital payments has reached unprecedented growth. It is expected that in 2027 there will be 5.4 billion users on the market. Neobanks have transformed the traditional banking industry by providing innovative, customer-oriented solutions that meet the needs of today's digitally savvy consumers. The penetration of smartphones and the Internet has made digital solutions accessible to consumers. Regulatory changes have allowed fintech companies to compete with traditional financial institutions. This has led to a sharp increase in demand for fintech services. All this contributes to the growth of the market and users, the development of companies and the emergence of new solutions and services.

CBDC 2024 Where and how does CBDC already work? Over the past four years, the Bahamas, Jamaica and Nigeria have launched their own CBDC. Let's discuss how CBDCs work in countries specifically. The Bahamas. Sand Dollar In October 2020, the Bahamas became the first country to launch its own CBDC, the sand dollar. Its objectives are as follows: 1) to create more efficient and faster payment systems with secure transactions, 2) to increase the availability of financial services and expand access to them, 3) to reduce the cost of payments, 4) strengthen control over the fight against money laundering. 113,000 residents of the Bahamas have Sand dollar wallets, which is about a third of the country's population. 1,700 enterprises have gained access to merchant services through licensed payment systems of Central Bank providers. Nigeria. eNaira In October 2021, Nigeria became the first country in Africa and the second country in the world to launch a fully public CBDC eNaira. The purpose of the issue was to create a 100% cashless economy of the country. eNaira makes it possible to expand public access to financial services, create cheaper cross-border money transfers and reduce informal payments. In 2023, more than 13 million wallets of CBDC users in Nigeria were registered. 30% of them were created for social payments. Jamaica. JAM-DEX Jamaica's CBDC has been released since 2022. It is called JAM-DEX and has the slogan “No cash, no problem". JAM-DEX has already been successfully used as part of the government's job creation program. The government has paid for the short-term employment of employees at JAM-DEX, facilitating transactions between employees and merchants. Currently, JAM-DEX has 250,000 thousand users, which is more than 8% of the country's population. The currency is positioned as “a safe, convenient and secure way of digital payments that helps expand access to financial services.” In 2023, 21 new countries were added to the list of central banks developing CBDC. In total, more than 100 countries are at the stage of digital currency research. Most banks recognize that CBDCs will be needed in the future. In the following posts, we will reveal the top 10 CDBC projects being developed.

How does neobank differ from a traditional bank? Neobanks are a new type of banks that operate only online and do not have physical offices. They provide financial services on a smartphone and do not belong to large traditional banks. The neobanking market in numbers: 376.90 million neobanking users by 2027. $6.37 trillion is the estimated volume of transactions in the neobanking market in 2024. $9.62 trillion is the volume of transactions by 2027 with a projected growth of 14.7% per year. 3.9% is the percentage of users using neobanking in 2024, and 4.7% is projected in 2027. For more benefits, see the carousel 👆