Revolut has added Elrond EGLD in its own banking app

Revolut’s listing of EGLD will introduce a wider audience to the frictionless payments at the core of Elrond’s vision, giving a new generation of digital natives a token that is used to fuel and make the seamless transfer of any type of value accessible to anyone, anywhere.

“The most innovative and disruptive startups in the fintech field gravitate towards crypto, bringing along unique talent pools and fully engaged communities. When you add to this a vision that transcends its own product and industry, you get a game changer. Elrond is such a project. That’s why we are excited to be able to offer EGLD to Revolut’s customers and help them accomplish their vision of an inclusive global financial system.” said Beniamin Mincu, Elrond Network CEO.

Situated at the intersection of traditional and Web3 financial infrastructures, Revolut serves over 20 million customers across 36 countries. With this extended reach, the company can onboard new investors and become the first port of call for those seeking to own and trade digital assets.

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Elrond is the internet-scale blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.