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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.

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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

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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.

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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.

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To learn more about Maiar, click right here.

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The world of banking is changing, and people everywhere stand to benefit from the kinds of changes that Elrond is creating. Take a look – this is the future of money.