Elrond’s mainnet has successfully launched, ushering in an era of high-speed dApps and scalable crypto payment technology. The blockchain’s developers have wasted no time in refining components of Elrond’s architecture, starting with an enhanced token model. Elrond has also announced details of the first app to go live on its mainnet, available on mobile devices. Maiar is an easy-to-use application that facilitates ERD transactions between users, and will offer features such as staking, lending and progressive security. The app launched on July 30 for early sign-ups and will fully open to the public within the next month.
Traditional payment stocks are already feeling the competitive pressure brought by the newcomers like Elrond. Last month Western Union (NYSE:WU) made an offer to buy MoneyGram in order to be able to better compete with the digital payment start-ups. Western Union hopes that joining its network of tens of thousands of agent locations