Covalent Network (CQT) and Cross Finance have announced a strategic partnership to provide transparent and seamless on-chain trading experiences. As a one-stop blockchain API provider, Covalent (CQT) will provide data power for CrossFi Bank and DeFi xApp, aiming to provide financial solutions globally. The collaboration aims to strengthen the functionality and scalability of Cross Finance's testing network environment, providing users access to data from Covalent (CQT) 225 indexed chains and growing volumes of structured data. The CrossFi xApp is a versatile DeFi application within the CrossFi ecosystem, allowing users to seamlessly explore various DeFi strategies, obtain XFI and XUSD tokens on multiple chains, efficiently exchange through CrossFi AMM, and participate in yield farming.摘要：一站式区块链 API 提供商 Covalent（CQT）与 Cross Finance 宣布达成合作，将为 CrossFi 银行和 DeFi xApp 提供数据动力，旨在在全球范围内提供金融解决方案。这项合作目的是加强...
The core of this partnership is the access to Covalent (CQT)'s unified API, a tool that seamlessly accesses real-time and historical blockchain data. As a gateway, it enables Cross Finance to utilize various features, including user-friendly blockchain APIs, standardized readable transactions, fast data retrieval, and scalable infrastructure. Through this partnership, Cross Finance will be able to access valuable information and insights from over 200 indexed blockchains provided by Covalent.
This functionality simplifies navigation for Cross Finance on the blockchain and establishes a consistent approach to accessing historical data. It proves that Covalent (CQT) is an effective partner in advancing CrossFi chain operations, addressing issues such as payment processing, credit card transactions, and cryptocurrency data.
Ganesh Swami, Co-founder and CEO of Covalent (CQT), stated: "Our partnership with Cross Finance strengthens the foundation for seamless trading, marking our joint commitment to the future, where blockchain technology will flourish in transparency and innovation."
Cross Finance, which integrates payment, credit cards, and cryptocurrencies, is dedicated to providing non-custodial solutions for payments. Users can seamlessly use cryptocurrencies for payments within the secure framework of Cross Finance's DeFi structure, similar to using traditional bank cards. The CrossFi application ensures global transactions by connecting non-custodial cryptocurrency wallets, ensuring the security of user assets without blocked funds.
Alex Mamasidikov, Founder of Cross Finance, expressed enthusiasm for the collaboration, stating that Covalent (CQT)'s expertise in comprehensive blockchain data infrastructure will enhance the efficiency and accuracy of their testing environment, delivering a more refined and secure product to users.
This strategic partnership signals Covalent (CQT) as a catalyst for Cross Finance's growth, enabling the platform to leverage the potential of blockchain data to optimize operations, improve user experience, and ensure the security of the CrossFi ecosystem. Together, Cross Finance and Covalent (CQT) are committed to unlocking new dimensions of blockchain technology, with seamless and transparent cryptocurrency payments becoming a hallmark of the CrossFi platform, continually strengthened by the support of Covalent (CQT)'s blockchain data infrastructure.
About Covalent Network (CQT): Covalent Network (CQT) is dedicated to blockchain data accessibility, supporting millions of users to build a new economy. Since its inception, Covalent Network (CQT) has consistently provided comprehensive, real-time data on more than 200 chains for developers, analysts, and more.
For more information, visit Covalent's Official Website, Twitter, Discord, Telegram, Blog, API Guides.
About Cross Finance: Cross Finance is the next-generation digital ecosystem that provides cutting-edge payment solutions, aiming to bridge the worlds of banking and blockchain. CrossFi seamlessly integrates these two key parts of the global economy into a unified ecosystem, achieving scalability and processing speeds of up to 1 million transactions per second through the core of the CrossFi chain—the Cosmos Tendermint-based modular architecture.
Cross Finance is built on Ethermint and Evmos, ensuring interoperability between blockchains, transaction anonymity, and integration of EVM-compatible DApps. The interoperation of the two native tokens, MPX and XFI, solidifies CrossFi's token economy, providing users with a seamless and powerful financial experience.
