Elrond partners with Revolut to bring EGLD to over 20 million users in over 30 countries

Elrond, a scalable blockchain platform for distributed applications, announced a partnership with Revolut, a UK-based fintech company, which will add EGLD to its banking app.

EGLD is the native token of Elrond, and will now be accessible to over 20 million customers in over 30 countries through this new partnership.

Elrond, in the announcement, praised the latest partnership, saying Revolut’s consistent regulatory compliance has propelled it into Europe’s fastest-growing tech company, giving it its $33 billion valuation.

Revolut also acquired significant e-money, banking and cryptocurrency licenses, which helped its accelerated expansion into new markets.

Revolut’s listing of EGLD will also allow a wider audience to experience the seamless payments that are central to Elrond’s vision, giving customers access to a token that powers and facilitates frictionless transfer. of any type of value accessible to everyone, all over the world.

The most innovative and disruptive fintech startups gravitate 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 such a 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.“, said Beniamin Mincu, CEO of Elrond Network.

Located at the crossroads of traditional financial infrastructures and Web3, Revolut currently offers its services to more than 20 million consumers in 36 countries. Thanks to this large audience, the company can attract new investors and establish itself as the place of reference for anyone looking to buy and sell digital assets.

Since its launch in 2015, Revolut has grown beyond its origins as a currency exchange product, adding new products and services including payday advances, instant peer-to-peer payments, budget controls and a FDIC insurance.

The company is headquartered in London and currently employs 5,000 people working in 23 offices. Revolut, since 2015, has raised over $800 million in funding and facilitated over a billion transactions worth over $130 billion.

Elrond is an internet-scale blockchain designed to deliver a 1000x cumulative improvement in throughput and execution speed. The blockchain is equipped with a new Adaptive State Sharding mechanism and a Secure Proof of Stake (PoS) algorithm, which enables linear scalability with a fast, efficient and secure consensus mechanism.

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