A city in Romania, Sibiu, has hinted at potential adoption of the cryptocurrency EGLD, which is the native token of the MultiversX blockchain. This speculation comes as Romania has already implemented blockchain technology in various applications, such as vote registration. The National Press Agency also uses the MultiversX blockchain for publishing news. Additionally, xMoney Global, a Web3 payments provider, is launching stablecoins in Europe, including one pegged to the Romanian leu, suggesting potential integration with Sibiu's adoption plans. Despite this positive news, EGLD has experienced significant losses in price over the past 30 days. However, the cryptocurrency's fundamentals are strong with positive developments and an upcoming integration with Axelar Network.



Other News from Today