Blockchain

Elrond Announces Integration with Frontier Wallet, To Make DeFi Products & Staking Tools Available

Decentralized finance-focused network Elrond Blockchain announced on Wednesday that it has integrated with Frontier Wallet. Founder and CEO, Beniamin Mincu, posted a tweet stating that Elrond based DeFi and Staking Tools are now enabled on India based DeFi Wallet.

Frontier Wallet is one of the fastest growing blockchain wallets in the South Asia country, which has a tremendous future potential after the Supreme Court lifted the banking ban on crypto companies imposed by the RBI. Commenting on the integration, Ravindra Kumar, Frontier Wallet Founder and CEO said,

Ravindra Kumar said

Head of Research and Development at Frontier Wallet, Philip Arthur Moore also tweeted, stating that staking is an integral part of both Elrond and Frontier Wallet.

In the official post on Medium, Mincu said that the DeFi has massive potential, but interacting with different tools continues to be quite difficult.

Mincu said

Elrond Blockchain is a next-gen distributed architecture that was designed to make 1000-fold cumulative enhancements in throughput and transactional execution speed. On the other hand, Frontier Wallet is aimed at making DeFi secure and simple.

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David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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