Elrond Network, the modernized blockchain architecture, has announced its partnership with Swipe as a tie-up for the latter’s multi-asset digital wallet and VISA debit & credit platform. With this strategic partnership, Elrond will integrate its crypto wallet with the Swipe platform and make the ERD tokens directly available for over half a million new users.
More than 500,000 new users are likely to gain access to ERD crypto money while using Swipe for their VISA credit card transactions. This partnership is currently expected to encompass around 60 million merchants and outlets across the globe. The ERD money can be spent via Swipe Wallet and some associated Visa debit cards. It can be transacted in digital as well as physical form, directly at those 60 million merchants. The 500,000 new users can make ERD payments using Apple Pay, Google Pay, and Samsung Pay as well.
Elrond will add its high throughput and low latency to Swipe’s inexpensive transactional layers. Swipe will bring more convenience and ease of use for VISA cardholders to utilize the ERD currency. With this integration, Elrond gets a step closer to building a new internet economy. This partnership will also set new trends in popular cryptocurrency trading platforms such as the Bitcoin Rush Trading Software.
Swipe, which was recently acquired by Binance, is now allowing its users to buy, sell, trade, and exchange cryptocurrencies. It is offering direct access to over thirty cryptocurrencies with its swap & sell options for VISA credit and debit cards. It is also offering similar options on specific bank transfers. Over the years, Swipe Wallets have been majorly associated with virtual platforms for VISA cards.
Swipe’s payment processes are completely automated and can convert the selected cryptocurrency into fiat currency with seamless execution. Right now, this service is available at any of those 60 million merchants registered with Swipe. Users can also use Apple, Google, and Samsung e-payment services for Swipe’s crypto trade/exchange.
This partnership is a notable feat for the Elrond Network because it gives access to 500,000 new users in across thirty-one European countries. This Swipe-Elrond tie-up will also expand in Asian crypto markets soon. This collaboration is expected to tap North America’s digital currency landscape shortly. With this tie-up, all existing Elrond users can spend ERD directly as GBP, EUR, and USD on their VISA card transactions across these selected merchants.