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Elrond Launches Maiar Wallet & Payments App to Market

Elrond has just launched Maiar to the world – and it could make global payments much easier and cheaper. The company has been able to build up a market cap of nearly a billion USD in just three years, and now it is working to give global citizens the best payment options out there.

Elrond’s CEO, Beniamin Mincu, commented that,

“Money is humanity’s best attempt at making fungible something that fundamentally is not: our time. We have built Maiar to help you take it back.”

Indeed, Elrond has been hard at work over the past few years. Maiar is both a mobile wallet and payments app that opens up doors that other payments platforms like PayPal simply don’t want to deal with.

Elrond’s Maiar is Innovation for Payments

Elrond’s blockchain is able to settle more than 100,000 transactions per second, and Maiar leverages this technology to the maximum amount possible.

People no longer need to deal with banks that are very slow and don’t give their clients any accountability.

Maiar is built to be used from a smartphone, which is a technology that is in almost everyone’s hand these days.

With this high-speed payments technology, people all over the world (anywhere with internet access) have the potential to use a vastly superior payments system.

According to Beniamin Mincu,

“Billions of people are able to send direct messages to their contacts because it’s convenient, intuitive, and inexpensive…Maiar and the Elrond blockchain now offer them the same experience when it comes to sending money.”

The Power of Connections

The world has gotten smaller – but the banking system seems to be as big as ever.

In point of fact, money is data and nothing more.

With a payments platform like Maiar, people don’t need to deal with a bank that is very slow and doesn’t even give people the ability to hold currency directly.

It might not be a popular topic, but banks don’t actually give people the ability to own money. Instead, when a bank takes a person’s money – it is actually the property of the bank.

For as long as a transaction is being processed by a bank – the money involved is the property of the banking system. People have put up with this system out of necessity and ignorance, but now there are other options.

Time for Better Options

More than 200,000 people have already signed up for Maiar – and it isn’t difficult to see why.

When it is possible to make similar transactions to a bank with a smartphone, the days of banking services as we currently know them are numbered.

It is very simple – Elrond has nailed a market that is looking for better options, and as Beniamin Mincu pointed out, people move loads of data around the world with mobile devices every day.

Now, with Maiar, that data can transmit value, and give people better options when it comes to sending value around the world in a very short time.

Anyone who wants to download the Maiar app can do so at both the Google Play Store, and the Apple App Store. Money has actually been digital for a long time, but today, it is moving into private platforms that give people more for their trust.

Maiar is one of the companies that understands people should have more control over the fruits of their hard work – and be able to transfer value on their own terms

Crypto Lender Nexo Adds Exchange Service to Its Mobile App

Cryptocurrency lender Nexo has launched an exchange service for a range of digital assets within its mobile app.  

According to an announcement Monday, the new service provides more than 75 cryptocurrency and fiat currency pairs, with 17 cryptocurrencies supported. There are no limits on the number of exchanges a user can make in the app (available on iOS and Android) and any trade can be up to $50,000 in value, a Nexo representative told CoinDesk.

Users will be able to transfer digital assets to their Nexo Wallets from any other wallet or exchange and make fiat currency deposits directly through transfers from their bank accounts.

Nexo will not hold all the assets being traded. Instead, a “Smart Routing System” connects to multiple exchanges and splits orders depending on the price per volume, fixing a valuation at the moment an order is submitted, the representative said.

While they wouldn’t name the exchanges used for liquidity, the representative said the Smart Routing System connects to five of “most trusted and well-capitalized exchanges simultaneously,” aiming to offer the “most competitive” prices.

“Fast, transparent, and inexpensive transactions are the backbone of fintech, but making them easily accessible and secure in a seamless, intuitive environment is the single most important step towards mass crypto adoption,” said Nexo co-founder and managing partner Antoni Trenchev in the announcement.

In the first half of 2021, the firm plans to launch a crypto credit card in its bid to offer a full-suite of retail banking services for digital assets. Nexo holds multiple licenses in order to comply with laws and regulations in the 200-plus jurisdictions in which it operates.

Trality brings advanced, secure crypto bot trading to a market that desperately needs it

Trality, Austria’s leading algorithmic trading platform, today announced that it is completing its beta phase and ready to bring the power of trading bots to all.

The VC-backed Austrian fintech is out of beta and ready to offer powerful, professional automated trading to everyone who needs it

  • Over 80% of private traders lose money because of emotional bias and human error

  • Trality allows its users to benefit from the use of automated trading bots

  • Trading bots run 24/7 and trade based on cold, hard data

  • Just a couple of months since closing a funding round with local and international investors

Why should people be using trading bots?

With the recent uptrend in the crypto market, more and more people are pouring into the industry and trying to turn a profit trading Bitcoin and other cryptocurrencies. Unfortunately, many of those investors have more experience in traditional markets such as stocks and forex or they simply don’t have much experience at all. This leads to a shocking 80% of private investors losing money when trading crypto, while big institutional investors are using expensive algorithmic tools to take advantage of this. Trality is leveling the playing field and giving everyday investors the same opportunity to profit from this state-of-the-art technology.

How can you get started?

In essence, Trality is offering traders a remedy to their emotion-fuelled, frantic trading which often leads to losses. Anyone can build a bot that trades on their behalf and they don’t have to worry about their bot trading on questionable news sources or fear of missing out (FOMO) – bots trade on cold, hard data. Trality currently offers two groundbreaking products to help its users get started with plans on adding more. Their first product is geared towards coders and gives the user access to the world’s first browser-based Python Code Editor.

Advanced traders can take advantage of an easy-to-use API and a long list of powerful instruments to really customize your bot. With several unique order types and libraries, the savviest traders can bring their wildest trading ideas to life. Users will be able to go beyond simple technical analysis and harness the potential of intricate math, statistics, machine learning, and other sources of data.

If you can’t code, do not despair. Trality has a tool for non-coders too and it’s designed with maximum simplicity and usability in mind. The Rule Builder caters to those who want to build an algorithmic trading bot the ‘easy way’ by just dragging and dropping indicators and strategies from an extensive library which Triality constantly expands. With the Rule Builder, any veterans who know their way around a chart can build a bot in minutes.

Alexander Kahl, Vice President of Product and founding team member at Trality said,

In the future, everything will be automated. This includes private investments through the use of algorithmic trading bots. We already see a lot of growth of algorithmic trading in the crypto space however most solutions drag their users in through flashy marketing that promises ‘get rich quick’ while offering generic black box signals. Trality provides state-of-the-art tools to create highly-intricate, super creative algorithms within an educational, community-driven infrastructure that promotes learning and development as a trader.

This launch comes only a few weeks after Trality announced it was able to secure a whopping 1.5 million Euro in capital to achieve its vision of revolutionizing the way we manage our cryptocurrency trading. The company brought in angel investments from the DACH region’s blockchain accelerator Blockrocket as well as getting the attention of German fintech VC tokentus. Combined with the COV-19 Startup Fund from the Austrian Wirtschaftservice (AWS).

About Trality

The Vienna-based startup Trality was founded in January 2019 by Moritz Putzhammer and Christopher Helf. Trality’s goal is to close the gap between professional and private trading by educating and making it possible for everyone to understand and benefit from the technology of algorithmic trading – without emotion and fully automatic.

This simple, yet innovative approach Trality has taken to achieve its goals attracts a broad range of users to its growing platform.

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