Pundi X Blockchain-Based POS Integrates Crypto Payments Into Conventional Sales Terminals
Pundi X, a burgeoning crypto payments firm known for its Blockchain-powered Point-of-Sale solution, has finally been integrated into VeriFone’s POS. Announcing via a Press Release on July 12, the digital currencies payments startup confirmed that their system had eventually been incorporated into XPOS crypto payments module.
The module will be operating under works on a VeriFone-made X990 Android-based Point-of-Sale terminal. VeriFone, by its own right, is highly celebrated with many terming the company one of the world’s best PoS terminal makers.
VeriFone boasts of more than 35 million devices actively operating in over 150 countries. Furthermore, the firm amasses an estimated $1.8 billion in annual revenues, according to Crunchbase.
This new move will, however, expand the network of retailers willing to accept crypto payments in their outlets. They will enable payments made using digital currencies along with their normal traditional transactions, according to Pundi X.
One exciting thing with the device is that it automatically swaps fiat for cryptocurrencies and vice versa, doing this either via Pundi XPASS cards or XWallet app. Some of the coins supported by the XPOS-enabled devices already include BTC, ETH, Binance Coin (BNB), KuCoin Shares (KCS), Nem (XEM), Pundi X (NPXS) and Kyber Network (KNC).
It is only a year ago, in June, that the crypto payments startup unveiled Blockchain-powered POS devices, despite the country’s government maintaining a hard stance on cryptocurrencies. Back then, the company had made a bet that the government would start getting cozy with it within three years.
Elsewhere, Fold, another US-based payments startup, has earlier last week enabled Lightning Network payments on a list of top online retailers. The company made them possible at a host of them, including Amazon, Starbucks, and Uber.