Elrond EGLD, the native currency of the Romanian Elrond blockchain network, has been added to the list of cryptocurrencies available in Revolut, making it accessible for trading directly from the popular fintech app.

Launched in July 2020, Elrond bills itself as the internet-scale blockchain network that serves as the infrastructure for Web3 payments, DeFi, and the new Metaverse economy.

Elrond also claims to be the second largest Proof of Stake blockchain in the world, after Ethereum 2.0, with 3,200 validators spread across the globe. The protocol is also Europe’s first carbon-negative blockchain, offsetting more CO2 than necessary to operate its advanced proof-of-stake network.

Elrond was designed from the ground up to address the performance limitations of current blockchain iterations (Bitcoin, Ethereum) and in its current configuration can process 15,000 transactions per second, with the ability to scale beyond 100,000 TPS through the use of its sharding technology.

Listing on Revolut makes EGLD available to more than 20 million fintech customers.

“The most innovative and disruptive fintech startups revolve around crypto, bringing unique talent pools and fully engaged communities. When you add to that a vision that transcends its own product and its own industry, you get a game changer. Elrond is such a project. This is why we are delighted to be able to bring EGLD to Revolut customers and help them achieve their vision of an inclusive global financial system,” said Beniamin Mincu, CEO of Elrond Network.

Elrond also has its own digital wallet and payment app – Maiar.

The price of EGLD has been hit by the decline in the crypto market this year. EGLD is currently trading at $55-60, down from $200 in early April, according to Coinmarketcap.com.

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(Photo credit: Facebook/Elrond Network)