Fun

MinePlex Creates CrossFi Crypto Bank by Combining Traditional Finances With Blockchain

News Feed - 2020-12-25 02:12:46

MinePlex Creates CrossFi Crypto Bank by Combining Traditional Finances With Blockchain


PRESS RELEASE. The MinePlex platform announces the creation of a new mobile crypto bank for CrossFi industry that aims to combine the traditional financial instruments with blockchain technologies. The mobile crypto bank is supplied with the functionality that allows using cryptocurrencies in everyday life: paying for clothes, food, gadgets as well as for utilities, internet and other services.


“In fact, we have created a new industry that erased the borders between cryptocurrencies and traditional financial assets. Now our users can buy and sell cryptocurrencies, or pay for everyday purchases by using the mobile crypto bank. And all of this is possible on the single platform”, shared the MinePlex CMO Alexandr Mamasidikov.


At the next stage, MinePlex plans to further develop the project, open the MinePlex university, add new features and grow the user base. By 2023, the number of crypto mobile banking users is expected to reach 85 million globally. By 2024, it is expected to approach a billion.


The MinePlex platform stays at the forefront of the CrossFi market by the constant development of its infrastructure that already includes the crypto mobile bank, debit card tied to cryptocurrencies, two project tokens Mine and Plex, smart contracts for staking these tokens, crypto wallet, and P2P platform for exchanging cryptocurrencies without intermediaries.


“We have already created the CrossFi industry. Now we put our efforts in developing the ecosystem, educating people on how to use the mobile crypto banking that has such advantages as the usability, fast conversion of cryptocurrencies into fiat, lower commissions, opportunities to earn on staking etc”, highlighted the MinePlex CMO Alexandr Mamasidikov.


In 2021, MinePlex plans to integrate more than 20 cryptocurrencies to its wallet.


 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. Visa Grants Principal Membership to Crypto Payments Platform Wirex FINANCE | 1 hour ago The US SEC Fines Shipchain $2 Million for Conducting an Unregistered Token Offering: Company Agrees to Cease Operations REGULATION | 5 hours ago Tags in this story Blockchain, CrossFi, Crypto-Bank, Cryptocurrency, Finances, MinePlex


Image Credits: Shutterstock, Pixabay, Wiki Commons Spot-markets for Bitcoin, Bitcoin Cash, Ripple, Litecoin and more. Start your trading here.

News Feed

Indian State of Kerala to Produce 20,000 Blockchain Specialists in 2 Years
Indian State of Kerala to Produce 20,000 Blockchain Specialists in 2 Years Beijing’s sudden rush into blockchain development and digital currency hasn’t gone unnotice
Tom Mitchelhill7 hours agoFireblocks discloses massive vulnerability affecting crypto walletsFireblocks said the vulnerabilities affecting Coinbase, Binance and Zengo have since been fixed and has reached out to more tha
BNB Chain to support early projects with new incubation alliance
Ezra Reguerra11 hours agoBNB Chain to support early projects with new incubation allianceThe announcement comes amid a recent surge in BNB’s price, reaching a new all-time high of $717.48 on June 6.1865 Total views2 To
Switzerland’s Largest Bank UBS Suggests Alternative Ways of Investing in Cryptocurrency
Switzerland"s Largest Bank UBS Suggests Alternative Ways of Investing in Cryptocurrency Switzerland’s largest bank, UBS, has suggested some investment strategies for investo
Wells Fargo Starts Offering Crypto Investments to Clients
Wells Fargo Starts Offering Crypto Investments to Clients Wells Fargo, one of the largest wealth managers in the U.S., has reportedly started offering crypto inv
‘We’re just scratching the surface’ of crypto and AI — Microsoft exec
Andrew Singer10 hours ago‘We’re just scratching the surface’ of crypto and AI — Microsoft execThe symbiotic relationship between AI and crypto is still in its nascent stages, according to tech execs.792 Total vie
Ethiopian Central Bank Urges Residents to Stop Engaging in Crypto Transactions
Ethiopian Central Bank Urges Residents to Stop Engaging in Crypto Transactions The National Bank of Ethiopia (NBE) has said it does not recognize cryptocurrencies as a legitimate m
Price Increase Drives 98% of Bitcoin Holders Into a State of Profit
Price Increase Drives 98% of Bitcoin Holders Into a State of Profit The price of bitcoin jumped significantly on Wednesday after the payment processor Paypal ann
Rise of the Croaked King: How Little Pepe Is Bringing Back the Fun
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
NFT sales and pricing driven by luck, scarcity and optimism, according to studies
Tristan Greene5 hours agoNFT sales and pricing driven by luck, scarcity and optimism, according to studiesSeveral new research studies indicate that personal experiences may be the NFT market’s primary mover.485 Total
Biggest Movers: LEO Rebounds on Wednesday, Whilst AVAX Falls From 3-Week High
Biggest Movers: LEO Rebounds on Wednesday, Whilst AVAX Falls From 3-Week High Unus sed leo was one of a few gainers on Tuesday, as cryptocurrency markets mostly traded lower. Beari
Bitcoin Proponents Bemoan Joe Biden’s Proposed Capital Gains Hike
Bitcoin Proponents Bemoan Joe Biden"s Proposed Capital Gains Hike The U.S. presidential election is only 14 days away, and a number of bitcoin proponents have be