Qtum, one of the most known virtual currencies in the world, and the first successful Proof-of-Stake blockchain, has signed a deal that will allow individuals to use Qtum tokens so as to pay for goods in shops all over the world.
Qtum will now appear on the first 4,000 point-of-sale devices that will be shipped across the world by Pundi X. Pundi X is a cryptocurrency solutions provider that has been developed to be used by retail stores. The new point-of-sale devices will be delivered to retail stores in different countries, including Korea, Japan, Singapore and Switzerland.
The location is strategic. In all these countries virtual currencies had a deep impact on their citizens and virtual currency adoption has been faster than in other places.
Patrick Dai, CEO and founder of Qtum, said:
“Pundi X has the potential to deliver the final nudge that opens the floodgates to mass adoption of QTUM. It’s time that we offered individuals the option to pick between fiat and crypto when ordering a coffee or purchasing goods. It’s fantastic to be working with Pundi X to give consumers this choice.”
The Pundi X device has been a game-changer in retail, allowing merchants and consumers to do cryptocurrency-to-fiat, or fiat-to-crypto transactions in a very easy way. Few solutions even come close to mirroring the potential that such a device has in the retail industry.
Zac Zheah, CEO and Co-founder of Pundi X, added:
“We’re thrilled to be able to play a role in bringing cryptocurrency to masses. A big part of our mission is pushing merchant adoption with enhanced point of sale devices. PoS cryptocurrencies such as Qtum are of particular importance in the long run, due to their reduced environmental footprint.”
What do you guys think of the Qtum and Pundi X partnership? We have seen a nice spike in the Pundi X price since the announcement! Stay tuned, more to come!