Partnership Announcement — Elrond Initiates Cooperation With Leading Payment Provider NETOPIA Payments

St. JULIANS, MALTA and BUCHAREST — 27 November, 2018 — Elrond Ltd,the technology company developing a new, scalable and more efficient blockchain platform, supporting negligible fees and a finality of just a few seconds, today announced a new agreement with one of the leading payment providers, NETOPIA Payments.

NETOPIA is the biggest electronic payment processor in Romania, expecting to process in 2018 more than 13 million digital transactions with a total value of around $400 Million.

Elrond and NETOPIA aim to jointly explore the potential of integrating Elrond’s token, ERD, into the NETOPIA payment platform allowing their merchants to offer on their turn to their users and clients the possibility to acquire products and services through ERD tokens as well.

This will also mean that 6,000+ merchants who are using the NETOPIA solutions will be able to accept ERD cryptocurrency overnight, with no development or operational costs on their part.

Beniamin Mincu, CEO and Founder of Elrond, commented: “Elrond is focused on helping people enjoy greater freedom and peace of mind when they’re online and, especially when they are making payments. By working with NETOPIA and including ERD as a payment option, this new relationship will make it even easier for thousands of consumers to benefit from added security, and enjoy faster and easier payments.

Like Elrond, NETOPIA is a disruptive leader in its field and this agreement represents a fantastic opportunity for us to deliver added services to our merchants and their clients” said Antonio Eram, CEO and Founder of NETOPIA. “It’s great to be working with an innovative partner that is committed to mutual success. We look forward to developing innovative new payments solutions with Elrond that benefit our clients and help NETOPIA’s continuous growth.

Elrond and NETOPIA are also expressing their interest in exploring other, but not limited, potential use cases, related to blockchain technologies, payments, and privacy.

Official cooperation announcement: https://elrond.com/files/Elrond_Netopia_27Nov.pdf


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