Pundi X Integrates PayPal into Point-of-Sale Device, XPOS; Users Can Buy & Sell Crypto Seamlessly

the PayPal integration was motivated by a twitter poll, in which over 67% of the participants voted for the California based firm.

Pundi X, a blockchain firm based in Singapore, has integrated its point-of-solution (PoS) device, XPOS, with PayPal, according to a medium post on June 30.

The move will allow PayPal users to access crypto assets such as BTC, NPXS, ETH, USDT, and DAI seamlessly through XPOS merchants that have activated the ‘Crypto Sale Feature' on their devices. Notably, this development comes after the International payments' giant softened its stance towards crypto operations.

According to Pundi X, the PayPal integration was motivated by a twitter poll, in which over 67% of the participants voted for the California based firm. Other options included WeChat/Alipay, PayTM, and GoPay.

It is not surprising that most of the votes were in favor of PayPal, given it enjoys a global presence compared to its peers. The announcement post further notes that PayPal's integration will be in sync with XPOS underlying infrastructure,

“PayPal's basic features will be functional on XPOS® devices, including, of course, accepting payments. Accepting payment, for instance, includes the payments via email or mobile phone number.”

Two-Stage Deployment

To integrate PayPal with XPOS devices, users will have to initiate two steps for full crypto services in the ecosystem. First, they will be required to send their IMEI numbers to [email protected] and activate credit card payments via PayPal. However, the service will only support keyed card transactions as of now.

The second stage will be characterized by an App that will facilitate PayPal transactions on XPOS directly. Zac Cheah, the co-founder, and CEO of Pundi X is optimistic that their partnership with PayPal will foster financial inclusion and crypto adoption as well,

“Combine PayPal's massive user base with the fact that our XPOS® devices are now operating in 30+ markets globally and you could start seeing situations were dealing in crypto is as trouble-free as buying a bottle of water.”

PayPal's Sudden Crypto Interest

Is the crypto trend finally catching up in payment ecosystems? Both private and public entities that had previously shunned digital assets are now consolidating on their possibility.

PayPal, which was a strong advocate against crypto assets, is the latest payments' giant to join the bandwagon fulfilling ‘if you can't beat them, join them.' Last week, the payment service provider was added to Kucoin's P2P market place, expanding its crypto presence, which was initially defined by Paxful and Localbitcoins marketplaces.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Edwin Munyui
Edwin Munyui
Edwin is a FinTech enthusiast with a particular interest in blockchain technology and cryptocurrencies. He has worked as an author in the blockchain space since 2017 and enjoys creating content that both crypto veterans and newbies can understand. His simple writing style and financial market knowledge have made him a reputable fundamental and technical analyst with the ability to handle any topic around blockchain and crypto over the years.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

CoinDCX Becomes The First Indian Crypto Exchange To Launch Token Staking Services

Indian cryptocurrency exchange, CoinDCX, becomes the first in the country to launch simple staking services for its users. First reported on Coindesk, the staking...

Bitcoin Dollar Cost Averaging From 2017 Market Peak Still Returned 61.8%

Bitcoin price remains strong, not far from hitting $12,000 yet again after the touch and go over the weekend. Interestingly, despite the fact that the...

DEX Leader Raises $11 Million in Series A Funding for Uniswap V3 Following an Explosive Month

A popular and widely used decentralized exchange (DEX) Uniswap has raised $11 million in Series A funding led by Andreessen Horowitz with additional investment...

Dapper Labs Raises $12M with NBA Players from the Brooklyn Nets & Miami Heat Participating

Vancouver-based Dapper Labs has raised $12 million in its latest financing round with additional backing from Coinbase ventures and Distributed Global. Its existing investors...

DeFi App Aave Creates First Credit Delegation Loan to DeversiFi Decentralized Exchange

DeFi lending platform, Aave completes its first-ever ‘credit delegation’ as DeversiFi borrows over $230,000 without posting collateral. The service agreement was signed on...

Bitcoin Futures Trading at a High Premium; Already Hitting $12,000 on CME

Bitcoin has yet again gained momentum, with people expecting for $12k to hit soon. According to analyst Mati Greenspan, for a sustainable rally, a...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today