Elrond ($EGLD) Unites With Utrust ($UTK) to Tackle Web3 Payments
The Elrond Network has announced a new partnership with Portugal-based payments start-up Utrust to tackle the future of Web3 technology.
According to a joint press release issued by the two companies, Elrond has united with Utrust in what both teams called “not just a partnership” but a “union.” The release claims that both parties will merge teams and products in an effort to work together to push crypto payments.
Utrust said the merger furthered their goal and mission to “serve everyone” by circumventing the gatekeepers of traditional institutions and allow individuals to manage their financial lives.
The Portuguese company highlighted the value of Elrond, which has the ability to process 100,000 transactions per second:
With Elrond, we will enhance our tech capabilities, deliver faster and better. We will be stronger …
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