Elrond’s expansion into Romania promises big but can it deliver in terms of price
Elrond took a big step this week and established itself as one of the front runners in the crypto industry. It is here to be noted that the Elrond native token isn’t a crowd favorite despite it having a DeFi chain.
After the Romanian central bank approved Elrond’s acquisition of Twispay, investors awaited a rally since this was a landmark decision.
After announcing this decision back in October 2021, Elrond ensured approval from the National Bank of Romania. The primary purpose of this acquisition is that through Elrond, Twispay, which is capable of operating within the entire EEA (European Union, Iceland, Liechtenstein, and Norway), will be able to process transactions significantly faster and cheaper.
<p lang=«en» dir=«ltr» xml:lang=«en»>BREAKING: The Romanian Central Bank approves the acquisition of e-money institution Twispay by Elrond.*This landmark decision puts @ElrondNetwork in a strategic position for European digital finance, paving the way for crypto debit cards & stablecoins.*https://t.co/KeC5HsBPWx
— Beniamin Mincu
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