RON/ERD & EUR/ERD Pairs Available on Romanian Exchange & Fiat on/off-ramp LDV Bank
We’re excited to announce the $ERD is now directly available to exchange against fiat on LDV Bank. The Romanian cryptocurrency exchange and fiat on/off-ramp has added ERD/RON and ERD/EUR pairs.
“The network effects generated by our accelerated progress, and the upcoming launch, have been remarkably well received by our strong Romanian community. A direct fiat gateway with the local RON currency comes at the right moment, meeting the surge in demand in a very convenient and timely manner. It’s great to work with the team at LDV Bank to accelerate local expansion.” said Beniamin Mincu, Elrond CEO.
LDV Bank is a Romanian cryptocurrency exchange and fiat on/off-ramp that allows buying Bitcoin & Ethereum with the local fiat RON & EUR via bank transfer. It has been in operations for more than 2 years and also has 4 physical cash to cryptocurrency points of presence.
“I’ve known Beniamin and his team for more than 2 years, when both our projects were at the very beginning. I understood Elrond’s potential immediately and I knew we’d have a partnership one day. It’s been a technical challenge for us to enable the ERD/fiat pairs directly, which we’re happy to have overcome ahead of Elrond’s mainnet launch. ERD, welcome to LDV.” said Sabin Simionescu, LDV Exchange CTO & Co-founder.
This collaboration is very important for Elrond’s Romanian local strategy and in line with our overall global strategy. Elrond will be gradually launched in several individual countries, where we intend to establish and maintain a strong local presence.
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.
About LDV Bank
LDV Bank was launched in March 2018 with a mission to bridge cryptocurrencies and fiat. The key words are fast and simple. The firm aims to offer easy access into crypto even to those who are new to the field and are not familiar with the specific complex processes. LDV Bank aims to optimizes the path between liquidity providers and banking partners.