Blockchain platform CrossFi has announced the acquisition of patents for its key technologies and design registrations valid for 70 years, strengthening its position in the finance sector.
Importance of Patents
CrossFi announced it has secured patents for its core technologies, recognized in 181 countries. The patents provide the company with legal protection for its intellectual property, including its banking app and infrastructure that bridges DeFi and TradFi. Commenting on this achievement, CrossFi CEO Alexander Mamasidikov stated:
> “Today marks a significant milestone for our team. Each patent has been granted with a 70-year protection period, providing us with robust legal protection and affirming the uniqueness of our innovations.”
Design Registration
CrossFi has also secured 70-year design registrations for its user interfaces. This registration helps cement the company's competitive advantages in digital finance, validating the originality of its innovations.
Future of CrossFi
With the obtained patents and design registrations, CrossFi aims to become publicly traded and strives for financial freedom by combining the efficiency of traditional finance with the transparency of Web3. In the future, the company targets to support purchases at over 100 million merchants globally.
The secured patents and registered designs allow CrossFi to strengthen its position in the fintech industry and ensure long-term protection for its innovations.
