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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Romanian cryptocurrency Elrond doubles value in just one week

The price of Elrond (EGLD), a cryptocurrency launched in July 2020 by three Romanian entrepreneurs, surged by more than 30% to a new all-time high of over USD 130 on Sunday, February 7. Thus, the Elrond’s market capitalization went over USD 2 billion, according to Coinmarketcap.com, a website that ranks the most valuable cryptocurrencies currently on the market.

Update: In the last 24 hours, Elrond's market capitalization has passed USD 3 billion. The EGLD has reached USD 200.

The Elrond doubled its price in the last week, after the blockchain company launched an app called Maiar, which allows users to buy and transfer cryptocurrencies using just the recipient’s phone number. The app reached over 100,000 users in just one week.

Elrond, which boasts much higher processing power and lower costs than established cryptocurrency networks Bitcoin and Ethereum, aims to reach one million users for the Maiar app in one month, its co-founder and CEO Beniamin Mincu told Ziarul Financiar.

Moreover, the company also prepares to launch new features that would allow users to quickly send money from the app to their bank accounts as well as a card, thus aiming to offer a similar experience to traditional money management apps such as Revolut.

andrei@romania-insider.com

(Photo source: Pixabay.com)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Romanian cryptocurrency Elrond doubles value in just one week

The price of Elrond (EGLD), a cryptocurrency launched in July 2020 by three Romanian entrepreneurs, surged by more than 30% to a new all-time high of over USD 130 on Sunday, February 7. Thus, the Elrond’s market capitalization went over USD 2 billion, according to Coinmarketcap.com, a website that ranks the most valuable cryptocurrencies currently on the market.

Update: In the last 24 hours, Elrond's market capitalization has passed USD 3 billion. The EGLD has reached USD 200.

The Elrond doubled its price in the last week, after the blockchain company launched an app called Maiar, which allows users to buy and transfer cryptocurrencies using just the recipient’s phone number. The app reached over 100,000 users in just one week.

Elrond, which boasts much higher processing power and lower costs than established cryptocurrency networks Bitcoin and Ethereum, aims to reach one million users for the Maiar app in one month, its co-founder and CEO Beniamin Mincu told Ziarul Financiar.

Moreover, the company also prepares to launch new features that would allow users to quickly send money from the app to their bank accounts as well as a card, thus aiming to offer a similar experience to traditional money management apps such as Revolut.

andrei@romania-insider.com

(Photo source: Pixabay.com)

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