Future of crypto markets lies in the hands of adoption in general use, which will allow it to slowly and steadily compete with traditional currencies. That’s exactly what the pioneers of crypto wanted, a decentralized monetary ecosystem which would replace the tradition elite-controlled systems.
To realize this dream, crypto payments start-up Pundi X has achieved a breakthrough by integrating cryptocurrencies with Point of Sale (PoS) payment devices manufactured by the American company VeriFone. PoS devices are the most commonly used cashless option to make payments at retail stores, and VeriFone is among the world’s largest companies manufacturing such devices.
We have successfully completed XPOS support for @Verifone X990, With this integration, shops using the Verifone X990 with XPOS module activated will now be able to process #crypto payments alongside traditional transactions. For details ? https://t.co/iK2hKePlSX #npxs #npxsxem
— Pundi X Labs (@PundiXLabs) July 11, 2019
Pundi X has been taking serious efforts to push the general adoption of cryptocurrencies globally. Recently, it partnered with Samsung to launch decentralized application XWallet for the latter’s smartphone devices, which was one of the six such dapps the Korean giant launched. Given Samsung’s big mammoth user base and the rise of mobile-based payments, adoption of crypto could reach new heights.
Commenting on the development, Pundi X CEO and co-founder Zac Cheah said,
“Our mission of making blockchain technology and cryptocurrencies accessible to everyone has just taken a huge leap forward thanks to our partnership with VeriFone. With our XPOS software in VeriFone’s POS terminals, consumers will be able to experience safer and more seamless transactions using all major cryptocurrencies.”
In the official press release, Pundi X stated that it completed the integration of its XPOS payments module with VeriFone’s android powered X990 PoS device. This will allow merchants across the globe to process crypto payments, along with traditional ones, using the same XPOS integrated X990. VeriFone Asia Pacific President, Yiannos Papadopoulos said,
“We’re excited to work with Pundi X in integrating its innovative technology within our devices. Having blockchain technology in the X990 will revolutionize how our partner retailers transact with a new generation of customers carrying cryptocurrencies.”