- MEXC Global will help initiatives in the Elrond Network ecosystem.
- Elrond Network purchased Twispay, a Romanian payments startup.
Elrond is a blockchain technology that uses sharding to provide lightning-fast transaction times. Fintech, decentralized banking and the IoT are all part of the project’s technical ecosystem. Its smart contracts execution technology is capable of 15,000 transactions per second, six-second latency, and a transaction cost of $0.001 per transaction.
Strategic Partnership and Acquisitions
As recently as last month, Elrond CEO Beniamin Mincu tweeted about cooperation between Elrond and MEXC Global. MEXC Global will help initiatives in the Elrond Network ecosystem get finance, direction, and access to new markets in more than 200 countries, including the United States, as part of the agreement.
Elrond Network purchased Twispay, a Romanian payments startup, earlier last month with the authority of the National Bank of Romania to issue electronic money. In addition, Elrond Network (EGLD) purchased Utrust, a renowned cryptocurrency payment service. When it comes to e-commerce and cross-border payment processing, Elrond Network hopes this purchase of Utrust will enable it to make a major impact. Famous crypto analyst Lark Davis recently tweeted about how Elrond is definitely going to surprise everyone.
$egld is a coin that doesn’t get nearly enough love but is definitely going to surprise the market when it storms into the top 10!
— Lark Davis (@TheCryptoLark) April 9, 2022
Elrond Network (EGLD) is primarily focused on improving its services for businesses that take both cryptocurrency and fiat money. Elrond will be able to give practically immediate settlements at absolutely no cost because of Utrust’s processes. Elrond-based Itheum, the world’s first decentralized multi-chain data brokering platform, revealed in March that it had received financing from Elrond, Mechanism Capital, and other notable investors in the digital asset market.
According to CoinMarketCap, the Elrond price today is $165.23 USD with a 24-hour trading volume of $112,186,945 USD. Elrond has been down 2.83% in the last 24 hours.