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Crypto.com Announces Support for Elrond Network’s ERD Token Transfers


btcmanager.com 24 July 2020 12:50, UTC
Reading time: ~2 m

St. Julien, Malta, July 23, 2020: Elrond Network, the company building a high-throughput and low latency blockchain, and Crypto.com, the popular gateway for buying, selling and paying with cryptocurrency, today announced the successful activation of transfer functions for the ERD token on Crypto.com’s platform.

With these new functions, Elrond supporters have 100+ more markets available to become part of the ecosystem and gain significant utility via the MCO VISA card to spend ERD everywhere.

“Convenience is the key that will lead to unprecedented growth for the Elrond ecosystem. 3 million users can now acquire, exchange, and transfer ERD tokens in 100+ markets viaCrypto.com, making this one of the simplest ways for US and other communities around to world to join the Elrond ecosystem,” said Beniamin Mincu, Elrond CEO.

Crypto.com is one of the most popular platforms for buying and selling cryptocurrencies using fiat. It has more than 3 million users thanks to its intuitive interface, easy access to purchasing options with fiat and its VISA debit card, which can be topped up using crypto and has up to 5% cash-back.

The move is important because more first-time users can onboard Elrond’s Proof of Stake economy, have access to Earn passive income options, and the MCO VISA debit card.

Elrond continues to expand its reach. Earlier this week multi-asset digital platform Swipe announced the integration of the ERD token with its wallet, allowing its 500,000+ users to buy, sell, and spend ERD across 60+ million Visa merchants.

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