A small city in Romania called Sibiu could “soon” adopt cryptocurrency, according to a casual interaction on X this morning. In particular, the Romanian city could be eyeing to “fully adopt” MultiversX (EGLD), a blockchain developed by a Romania-based team.
The interaction started with xEli (@ElrondEli1) saying “the vice president of Sibiu county” liked an EGLD-related post, tagging Vlad Vasiu. “When will EGLD be fully adopted in Sibiu/Romania?,” xEli asked.
Surprisingly, Vlad Vasiu, the Vice President of the Sibiu County Council (vicepreședintele Consiliului Județean Sibiu, in Romanian), according to Sibiu Independent, responded that it would be “Soon.”
Nevertheless, the cryptocurrency’s fundamentals remain strong, with many positive developments and an upcoming integration with the Axelar Network (AXL). Beniamin Mincu, CEO at the MultiversX Foundation, believes this offers a “great interop arbitrage opportunity,” as cross-chain interoperability fuels liquidity.
The Great Interop Arbitrage — A Few Thoughts
1. What does interoperability mean, actually?
Well, it means 70+ networks connected, enabling true decentralized cross-chain communication. TODAY. In fact, Axelar’s goal is 1,000,000 interconnected chains. Touche to that!2. What… https://t.co/Jg0Agb5JT9
— BenAImin Mincu | 🇺🇸/acc 🔥🛠️ (@beniaminmincu) February 11, 2025
On a related note, Justin Bons, founder an CIO of Europe’s oldest cryptocurrency funds, has praised MultiversX’s and EGLD’s fundamentals several times on X.
Bons called MultiversX “the technological Holy Grail of crypto” in one occasion, covered by Finbold. Additionally, he praised the “small team in Romania that raised $5M in 2019,” for building “the most technically advanced blockchain today,” in another post.
https://twitter.com/Justin_Bons/status/1842225312190373943
As things develop, traders, investors, developers, and users have now their eyes on EGLD and a potential adoption by Sibiu. Cautious is still required as it is important to understand that some things can take more time than expected to happen, and political changes could impact and even frustrate some expectations, which should be properly managed.
Featured image from Shutterstock.
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