Elrond Network, the powerful, highly secured, and scalable blockchain network, has announced its partnership with Europe-based leading cryptocurrency trading platform, Coinmerce. The highly-anticipated integration between the two leading entities will offer a user-friendly gateway between fiat and crypto transactions across 39 countries in the continent. The users will be able to execute transactions using credit cards and bank transfers at their will.
The important news was shared on Twitter by Elrond Network’s Founder and CEO, Beniamin Mincu on his handle and the post read:
Thrilled to work with @coinmerce to accelerate Elrond expansion and bring $ERD to 39 European countries with fiat on & off ramp from 💶EUR with 💳credit cards & bank transfers. 🔥https://t.co/Irphc3IPHm
— Beniamin Mincu | sharding/acc 🔥🛠️ (@beniaminmincu) July 16, 2020
According to the official blog post, the participating teams will aid Elrond to strengthen and expand its operations to a wider audience. The opening doors for easy transactions and trading opportunities to investors hailing from 39 European countries, Elrond is deepening its presence in the market space. It is striving hard to make blockchain accessible for a bigger section of the society by leveraging its advanced tools and services along with a seamless interface for them.
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Beniamin Mincu stated,
Established in 2017, Coinmerce is a popular trading platform in the Dutch financial sector. The platform boasts of a strong network that offers support to more than 140 top-rated coins for fiat on and off-ramp facilities for the investors.
Nick Smits van Oyen added, CEO of Coinmerce,
Elrond is a revolutionary decentralized platform that aspires to offer the best-in-class blockchain infrastructure infused with high scalability and speed. The system uses two chief mechanisms, namely- Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm. Elrond blockchain is fast, reliable, and secured with a whopping 10,000 transactions per second rate or TPS. The minimal cost and 5-second latency capacity makes Elrond a permissionless, borderless, and widely available blockchain ecosystem.
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