Elrond’s EGLD token now available on Revolut

Elrond’s EGLD token is now on the list of cryptocurrencies available on Revolut and can be traded on popular apps. press release.

The Elrond blockchain will provide the infrastructure for Web3 payments, the new metaverse economy, and DeFi. That token is now available to his over 20 million users in dozens of countries through Revolut.

3,200 validators across regions

Elrond launched in July 2020. It has since become his largest PoS blockchain after Ethereum 2.0. There are 3,200 of his validators across different regions.

EGLD’s listing of fintech apps showcases seamless payments at the heart of Elrond’s ecosystem to a wider audience and new tokens used to facilitate seamless global transfers of all types of assets. Serving the digital native generation.

Revolut is valued at $33 billion

Valued at $33 billion, the mobile banking company is on a mission to increase financial inclusion by enabling users to hold, buy and sell cryptocurrencies and other digital assets.

It operates in over 30 countries (EEA, UK, US, Switzerland) and has an EU banking license and a CASP license for crypto-related services.

Revolut makes ongoing efforts to comply with regulations and plans to expand into new markets.

Europe’s first carbon negative blockchain

Elrond is Europe’s first carbon negative blockchain. That his PoS network produces less CO2 than he offsets. The ecosystem was created to solve the performance limitations of older blockchains such as Ethereum and Bitcoin.

Elrond can now process 15,000 transactions per second. You can use sharding to process transactions concurrently and scale beyond 100,000 TPS in your process. You can meet increasing demand by adding more shards.

Elrond Network CEO Beniamin Mincu commented:

Fintech’s most disruptive and innovative startups are attracted to crypto, bringing with them a passionate community and a unique talent pool. Adding a vision across industries and products can be a game changer. Elrond is such a project. For Revolut users he is pleased to provide EGLD and help Revolut fulfill its mission to create an inclusive global financial system.