Elrond unveils strategic partnership with Singapore-based cryptocurrency exchange, MEXC Global
CEO of Elrond Beniamin Mincu took to Twitter to announce Elrond’s strategic partnership with Singapore-based cryptocurrency exchange MEXC Global. Under the terms of the partnership, MEXC Global will support Elrond Network ecosystem projects with advice, financing and access to new markets in more than 200 countries, including the United States.
Earlier in March, Elrond Network acquired Twispay, a Romanian payments company, with the approval of the country’s central bank, the National Bank of Romania, to issue electronic money.
As previously reported by U.Today, Elrond Network (EGLD) recently acquired Utrust, a leading crypto payment product. As the Utrust suite of offerings includes instant transactions, buyer protection and cryptocurrency conversion, this acquisition aims to enable Elrond Network to be a game-changer in e-commerce and cross-border payments.
Largely, Elrond Network (EGLD) hopes to advance its services for merchants that accept both cryptocurrency and fiat money. With Utrust’s mechanisms, Elrond will offer nearly instant settlements in an almost zero-fee manner.
Course of Elrond
In the past 24 hours, the price of Elrond (EGLD) has risen by 4.83% to $172.47. It continued its positive trend over the past week, where it saw a 31% gain from $132 on March 14 to its current price of $172.85. As it stands, Elrond’s all-time high is $542.
According to CoinMarketCap data, Elrond is the 35th largest cryptocurrency at a $3.71 billion market valuation. Elrond is a blockchain platform for distributed apps, enterprise use cases and the new internet economy.