500k users, 180+ countries, & 13 Fiat Currencies Gain Access to Elrond with Visa & Mastercard via Indacoin
We’re excited to announce that Elrond is now available on Indacoin! The fiat gateway offers cryptocurrency purchases with Visa or Mastercard in fiat such as GBP, EUR, USD, RUB and 10 more fiat currencies, with 15 minutes delivery times.
The platform is highly popular in Russia, but also in the UK and globally, with a total number of customers exceeding 500.000. Its most attractive feature is the fast delivery times for cryptocurrency purchases, which can be as low as 15 minutes for the first time and even faster after that.
“Delivery speed is crucial for capitalizing on time-sensitive opportunities. Settlement in 15 minutes for credit card payments sets a new quality standard for the Elrond ecosystem. We’re happy to work with Indacoin to expand Elrond accessibility to our Russian community and beyond.” said Beniamin Mincu, Elrond CEO.
Indacoin is a cryptocurrency payments processor based in London that services B2B integrations, as well as retail customers. It’s been operating since 2013 and has established a broad customer base thanks to easy access to more than 180 cryptocurrencies using credit card payments, a user-friendly website and easy to use mobile app with +50k downloads.
“We’ve been following Elrond’s progress and we see how much demand there is for the token. We’re more than capable of handling that and delivering to customers in under 15 minutes.” said Guilherme Jovanović, Indacoin CBDO.
The integration brings Elrond closer to our Russian community, as well as UK and the rest of the +180 countries, which now can onboard our ecosystem fast & directly using Visa & Mastercard.
Elrond is a new blockchain architecture, 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 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
Indacoin is a payment gateway and pioneer of Fiat-Crypto processing with Visa & Mastercard worldwide. Currently it remains one of the major players in providing instant & risk- free transactions for more than 90 merchants globally, including exchanges, wallets, token offerings projects, media channels, and others. Indacoin's main focus lies on the refinement of its anti-fraud software which works with AI technology and has enabled millions of users to purchase cryptocurrencies safely with a user friendly interface.
The company has been established under the laws of the UK since early 2014 and the team is widespread across the United Kingdom, Netherlands, Germany, Turkey, Estonia and Russia.