Elrond Foundation Acquires Crypto Payments Firm Utrust

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Elrond Foundation Acquires Crypto Payments Firm Utrust
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NEW: ElrondNetwork is acquiring UTRUST, a Portugal-based crypto payments firm. $EGLD $UTK IanAllison123 reports

, and the firms said the combined community will be updated early this year on the final mechanics of the deal from a tokenholder perspective.

Once the Utrust payment gateway has been integrated into Elrond, the next step involves offering merchants access to decentralized finance and blockchain-based staking – what’s being called “Merchant Yield.” “A superlative version of payments that’s flawless, instant and inexpensive anywhere in the world is already a great step forward,” said Mincu in an interview.

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