Elrond (ERD) Partners with Swingby for Secure Inter-Blockchain Asset Swaps
Ahead of its mainnet launch on July 30, scalable blockchain platform Elrond (ERD) today announced its integration with inter-blockchain swaps protocol Swingby to facilitate seamless exchange of ERD and other Elrond mainnet assets with prominent digital tokens such as bitcoin (BTC), ether (ETH), and Binance coin (BNB). The collaboration will see Elrond leverage Swingby’s inter-blockchain asset swaps to enable uninterrupted cross-chain blockchain asset exchange.
The protocol’s creative approach to tackling some of the most evident bottlenecks of blockchains, including scalability, places it among the frontrunner DLT projects that promise to scale in tandem with the increasing number of users joining the digital assets ecosystem. A horde of blockchain projects, including Elrond, is vying to make DeFi accessible to new users who might not necessarily be aware of the nitty-gritty of the emerging space.
