On A Significant Development Step, Verge Integrates With Pundi X POS
Verge Currency (XVG) has recently revealed to the public that it has been integrated into the Pundi X Point of Sale (POS) system. The Pundi X team has stated that both companies are working together to increase the applications of the blockchain tech and be able to take cryptos to physical stores using the POS system.
The goal of Verge is to provide an effective way for people to make transactions without having to go via exchanges to do it. With the partnership with Pundi X POS’s technology, physical stores will be able to accept Verge. The customers will be able to use XVG tokens via their Pundi X app or Pundi X transaction cards.
The Integration Will Solve Major Problems
According to the companies, this integration’s objective is to solve the main issues that the customers face whenever they have to make transactions. The three issues identified by the companies are buying cryptos, using them in a mainstream setup and conducting seamless trades to fiat and other cryptos without a third-party help.
An official statement from Verge told the media that the partnership is a great solution to these problems and that it is also an important step to inspire other companies that still need a push. Also, it is the right road for the mass adoption of the cryptocurrencies.
Verge joins Binance Token (BNB), Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), NEM (XEM) and Stellar Lumens (XLM) as the currencies that are accepted on the Pundi X system now. This is another important development for the company and it is part of a greater initiative, which also includes a new Verge wallet to be released in the future.
About Pundi X And Other Partnerships
Verge Currency is not the only company that Pundi X has made a partnership with recently. Another partner of the company is the FAMA group, which is based in Hong Kong. This group comprises a chain of restaurants and cafes that are trying to integrate cryptos in its business model.
Larry Tang, founder of the FAMA group, has told the media that the restaurants of the company celebrate traditional cuisine that they see themselves as innovators, so they will surely be on the frontline with Bitcoin and other cryptos, hence the partnership with Pundi X POS’s system.