Innovations are not lacking at Elrond. Recently, it partnered with fintech and banking specialist Revolut. The purpose of this alliance? Make EGLD tokens accessible to the masses.
EGLDs for 20 million Revolut users
Revolut, which currently has more than 20 million users in around 30 countries, has just listed EGLD on its platform. An action that the CEO of Elrond, Benjamin Mincu, did not fail to appreciate:
” The most innovative and disruptive fintech startups revolve around crypto, bringing with them unique talent pools and fully engaged communities. When you add to that a vision that transcends its own product and industry, you get a ‘game changer’. Elrond is a similar project. That’s why we’re delighted to be able to bring EGLD to Revolut customers and help them realize their vision of an inclusive global financial system. »
To the CEO to add:
” This is a huge step forward in making EGLD accessible to a wide audience. “.
Soon, Elrond will advance other innovative projects such as the staking and new features, Mincu pointed out.
This EGLD rating is a perfect match for the financial inclusion policy advocated by Revolut. Currently valued at $33 billion, this mobile banking company is backed by a European banking license and a CASP license. These authorize it to facilitate the purchase, storage and sale of cryptocurrencies by its users residing in the European Economic Area, the United States or the United Kingdom.
If its plan to conquer new markets is realized, Elrond will become even more accessible to investors.
Elrond, a network with 15,000 transactions per second
Can Elrond CEO Expect EGLD Price Rise After Token Lists on Revolut? Certainly, yes.
You are aware that the EGLD suffered from a vertiginous fall in its price against the backdrop of bear run. If in November 2021 it experienced an ATH of $540, yesterday the coin was trading at $56.20.
EGLD is also the token that powers Elrond across the internet. Users wanting to make payments in Web3, DeFi and the metaverse do not hesitate to use it.
Since its launch in July 2020, Elrond has claimed the title of the second largest PoS blockchain in the world. Ethereum being the first, if it succeeds in its mid-September Merge. 3,200 validators spread across the four corners of the planet contribute to making Elrond more efficient and less energy-consuming.
15,000 is the number of transactions per second (TPS) that can be processed on Elrond, points out Fintech Finance News. While the Bitcoin network can only perform 7 TPS.
Elrond has never stopped innovating. Just for this month of August, for example, it has set up its new decentralized exchange called Jungle DEX. There was also the implementation of its Ad-Astra portal. Now that the EGLD has become more accessible to the masses, Elrond will again and again score points in the crypto universe.
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