Aug 27, 2021 • 2 min read

Neobanking Platform BlockBank To Integrate Elrond Network EGLD And ESDT Tokens

Daniel Serb
Daniel Serb
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We have started a collaboration with BlockBank, an artificial intelligence-powered platform designed to enhance traditional mobile banking with seamless crypto integration.

BlockBank’s application is designed for professional traders and new retail market participants and will have a new version arriving this year. The app has four main components: a centralized custodial wallet, a non-custodial Web 3.0 wallet, banking, and an AI-powered Robo advisor.

EGLD and ESDT assets issued on the Elrond Network will be available in V2 of the BlockBank application, eventually enabling users to stake tokens and access DeFi products running on the Elrond Network.

“The integration of eGold and other Elrond tokenized assets in the robust and intuitive BlockBank app is another significant growth vector for easy access to blockchain innovation operating at internet-scale.” said Beniamin Mincu, Elrond Network CEO.
“Elrond combines great technology with an asset that acts as a strong store of value and a vast partner network. Its integration into our ecosystem is an event of strategic importance for the expansion of the BlockBank suite of innovative DeFi services,” said Darren Franceschini, co-founder of BlockBank.

About Elrond

Elrond is the internet-scale blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.

About BlockBank

BlockBank is a one-stop solution that combines the power of decentralized and centralized technology in a simple and secure Mobile & Web application. BlockBank's vision is to create an all-in-one crypto application that simplifies the user experience without compromising security, privacy, or decentralization. We aim to combine the best of DeFi and CeFi worlds in one application, incorporating patented Robo Advisor technology to bring financial empowerment to clients.