Blockchain platform Elrond has united with Utrust to focus on Web3 technology and the possibilities that come with it.
Utrust has added support from Elrond’s native token EGLD that will see the partnership enable more than 10,000 enterprises to support the currency with fiat options.
The announcement notes that the two companies will integrate teams and their products to enhance the rollout of products and services that support payments.
The Portugal-based startup, Utrust, says that the merger will enable it to empower users to manage their finances without the need for counterparties.
The firm lauds the capabilities of Elrond Network in delivering faster transactions of up to 100,000 TPS, enabling the firm to strengthen its services.
The Chief Executive Officer of Utrust, Sanja Kon, notes that the merger will enable the implementation of DeFi payments and their transformation into revenue sources for merchants.
Source: Utrust
