British fintech and banking company Revolut is collaborating with Elrond to add <a href="https://www.cryptoknowmics.com/news/egld-technical-analysis-bearish-pattern-teases-a-downfall-below-50/" target="_blank" rel="noopener">EGLD</a>, the native cryptocurrency of the blockchain, to its platform. More than 20 million Revolut users across more than 30 countries will have access to Elrond's EGLD, a chance Elrond CEO <a href="https://www.beniaminmincu.com/about" target="_blank" rel="nofollow noopener">Beniamin Mincu</a> called "tremendous."

https://twitter.com/beniaminmincu/status/1562802472821075969
<h2>Elrond Network Mainnet</h2>
The Elrond network, which launched its mainnet in July 2020, has since surpassed <a href="https://www.cryptoknowmics.com/news/ethereum-2-0-the-future-of-ethereum/" target="_blank" rel="noopener">Ethereum 2.0</a> to become the second-largest Proof-of-Stake (PoS) blockchain in the world, with 3,200 validators dispersed throughout several regions. Since the protocol offsets more CO2 than its cutting-edge PoS network necessitates, it is sometimes referred to as the first carbon-negative European blockchain.
<h2>Revolut Present In 30 Nations</h2>
Revolut, which has over 20 million users and a market cap of $33 billion, aims to broaden financial inclusion by making it simple for its users in the EU and UK to buy, hold, and trade cryptocurrencies, like EGLD, just like any other digital asset. Revolut operates in over 30 nations (European Economic Area, USA, UK, Switzerland, etc.) with its EU banking license and the recently awarded CASP license for crypto-related services. Revolut wants to expand into new markets with its regulation and compliance initiatives. Beniamin Mincu, Elrond Network CEO said,
<blockquote><em>"The most innovative and disruptive start-ups in the fintech field gravitate towards crypto, bringing along unique talent pools and fully engaged communities,"  </em></blockquote>
In its current network configuration, Elrond can process 15,000 transactions per second but can scale beyond 100,000 TPS by utilizing sharding, allowing it to accommodate increasing demand by adding more shards to the network. Elrond has been designed to solve the performance limitations of current blockchain iterations like Bitcoin and Ethereum.

Revolut Partners With Elrond To Bring EGLD Onto Its Platform

Revolut, a British fintech, and banking company is collaborating with Elrond to add EGLD, the native cryptocurrency of the blockchain, to its platform.

Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

Revolut Partners With Elrond To Bring EGLD Onto Its Platform

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