Turkish Crypto Ind to Grow via Pundi X & OVO Dijital Deal

Considered a frontier blockchain portal devoted to designing powerful solutions, Pundi X is looking forward to achieving new heights with its strategic partnership with OVO Dijital Servisler A.S., a Turkey-based mobile payment facilitator. Working as a platform-as-a-solution firm, OVO Dijital will help the natives to enjoy access to the wide range of products curated by the Pundi X portal. The integration will play a significant role in expanding the reach of Pundi X to the new set of investors.

According to the report, the growing popularity of cryptocurrencies and related trading solutions on a global level has grabbed the attention of investors hailing from Turkey. The industry has seen a surge in recent times, so the deal between Pundi X and OVO Dijital can be considered a well-planned idea focused on reaping the early benefits of the flourishing sector. Interestingly, Turkey owns the 4th rank globally in terms of cryptocurrency share. The country has a 16% share for virtual currencies and shines as the top-ranked region in the Eurozone.

The General Manager of OVO, Hakan Akyüz, stated that Pundi X would duly comply with the regulatory framework revealed by the Central Bank of the Republic of Turkey in April 2021. The customers can use the portal easily as there is no sub-transaction limit. This will help customers to transact with the smallest amount of Turkish Lira. The firms willing to become Pundi X dealers will be free to choose their starter packs involving technological infrastructure and marketing modules.

The pact will initially emphasize satisfying the requirements of those firms willing to introduce in-store cryptocurrency exchange services. The blockchain entity will launch physical crypto exchange spots to facilitate easy and secured trading of virtual assets. The customers willing to trade cryptocurrencies shall be able to do so seamlessly, similar to the trading of traditional payment channels. Firms will be allowed to use various Pundi X products like XPOS that facilitates trading with a simple card swap, and XPASS, a digital wallet solution.

The name, OVO Dijital, is a renowned solution for mobile payments services in the country. The oWallet provided by the entity offers a culmination of technology available in an Apple and Android wallet. The portal aids the firm in recognizing the trading habits of customers which helps to build strong relations with them.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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