Elrond announces wallet and payment app aimed at reaching billions

Elrond announces wallet and payment app aimed at reaching billions


Elrond, a European blockchain startup with a market capitalization of more than $ 1 billion in less than 3 years, is appealing to billions with ‘Maiar’, a secure, private and cost-free blockchain payment application that is an alternative to applications such as Paypal, Google Pay and Revolut.

Maiar is a mobile wallet and global payments app that leverages Elrond blockchain's internet-scale performance, going beyond 100,000 transactions per second to rethink how people interact with money, assets, property rights or any value transfer for that matter.

Elrond CEO Beniamin Mincu this launch " money is an attempt to make time divisible, which is an impossible phenomenon for humanity to be structurally divisible. We built Maiar to take back your time.” in the form of commented.

The advantages of blockchain technology, the intuitive, easy-to-use application with features similar to or better than the existing money and a popular gateway (payment system) is inaccessible to the majority of internet users still pending. Therefore, Maiar, which uses nothing but a smartphone, will lead to a rapid wave of adoption for high bandwidth and a low latency global financial system.

Beniamin Mincu, CEO of Elrond, said: "billions of people send direct messages to their contacts on the phone because it's convenient, intuitive and inexpensive."he says. "Maiar and Elrond blockchain now offer the same experience of sending money to everyone.”

Offering the user deep care, an elegant design and an intuitive interface, Maiar ensures that any phone user has a working wallet in seconds. The mobile phone app allows anyone to send money to their contacts in the phone book or, better yet, register @herotags as aliases in their wallets. Maiar users can send money anywhere in the world almost instantly, at a cost that will not be mentioned. And all at the touch of a button.

By adding key innovations such as progressive security and gamification to its most important features, Maiar will offer a new and engaging experience for the Internet of money.

More than 200,000 users signed up for early Maiar access. They and people around the world * can now download the future of money from the Apple App Store and Google Play Store to their mobile phones.


About Elrond:

Elrond is an internet-scale blockchain designed from the ground up to deliver 1000-fold cumulative improvement in productivity and execution speed. To achieve this, Elrond offers two important innovations: a new Adaptive state Sharding mechanism and a secure proof of collateral( sPoS) algorithm that provides linear scalability with a fast, efficient and secure consensus mechanism. Thus, Elrond executes up to 15,000 transactions per second (TPS) with 6-second latency and very low cost, and aims to be the backbone of an unauthorized, unlimited, globally accessible internet economy.

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