The pioneering payments and cryptocurrency platform, Crypto.com, announced to list Binance Launchpad token, Elrond’s ERD to its App.
As per the announcement, ERD joins a growing list of cryptocurrencies and stablecoins on the Crypto.com platform, such as bitcoin (BTC), ether (ETH), Litecoin (LTC), XRP, TrueUSD (TUSD), PAXOS (PAX), and its own MCO and CRO Tokens.
Kris Marszalek, Co-Founder, and CEO of Crypto.com said:
“We are pleased to make Crypto.com a platform for the Elrond community to purchase ERD at true cost. Given the growing selection of digital assets, fiat onramp and lack of fees, Crypto.com is simply the best place to buy, sell and pay with crypto.”
With ERD added to the Crypto.com, users can now purchase it at true cost with no fees. Credit card and bank transfer both supported. As Crypto.com also offers the MCO Visa Card, this adds additional utility to ERD as users can easily convert cryptocurrencies into fiat currencies and spend at over 40m merchants globally.
Benjamin Mincu, Founder and CEO of Elrond said:
“With Elrond we’ve built perhaps the most scalable and efficient blockchain architecture to date, one that can truly enable real world adoption. We are happy to list Elrond on Crypto.com and bring real utility for the whole Elrond community. Starting today you can shop using ERD directly!”
Basically, Elrond is a highly scalable public blockchain that aims to provide security, efficiency, scalability, and interoperability. It has been built with adaptive state sharding and is based on the Secure-Proof-of-Stake consensus mechanism.