Elrond, one of the biggest Malta-based blockchain companies, has just announced the launch of Maiar wallet, whose aim is to facilitate the onboarding of the next billion users into the crypto and blockchain ecosystem.
According to Elrond, this new product is set to become a competitor to some of the existing giants in the payments industry including Google Pay, PayPal and Revolut.
One of the key features that makes the Maiar wallet unique is its high level of security and the fact that it is completely private and inexpensive, which means it is a real alternative in the blockchain world for some of the giants in the industry.
If Elrond, the company behind the wallet, is able to keep the promise and onboard the next billion people to crypto and blockchain, it might eventually become a billion dollar unicorn.
Beniamin Mincu, Co-founder & CEO of Elrond, said on the launch of the Maiar wallet:
However, it all depends on the success of the launch of the wallet.
The Maiar wallet is a mobile wallet and global payments integrated application based on the Elrond blockchain. Thanks to the use of this blockchain tech, the wallet will be able to achieve Internet-scale performance, allowing it to perform over one hundred thousand transactions per second.
According to Elrond, it decided to develop the Maiar wallet in order to revolutionize the transfer of value, including assets, money, titles of ownership, etc.
Thanks to the Maiar mobile app, the masses will be able to adopt blockchain tech simply and easily just by downloading a mobile application.