Cryptocurrency payments startup Pundi X announced that it has integrated its crypto payments system into a device made by American Point of Sale systems producer VeriFone in a press release July 12.
Per the release, the startup has integrated its XPOS crypto payments module on the X990 Android-based POS terminal by VeriFone, which is reportedly one of the world's major producers of such devices.
The initiative aims to allow a wider network of retailers to accept payments in cryptocurrencies.
"With this integration, shops and retail outlets using the VeriFone X990 with XPOS module activated will now be able to process cryptocurrency payments alongside traditional transactions."
The XPOS-enabled devices will support payments in Bitcoin, Ether, Binance Coin, KuCoin Shares, Kyber Network, Nem, and Pundi X. The device will automatically exchange between fiat and cryptocurrencies during the transactions, which can be made with Pundi XPASS cards or the XWallet app.
According to the press release, VeriFone has over 35 million devices in more than 150 countries.
Crunchbase estimates the firm's revenue to be $1.8 billion annually.
In June last year, Pundi X began rolling out its cryptocurrency POS devices in Indonesia, betting that the central bank would discard its anti-cryptocurrency stance within three years.
Earlier this week, United States-based payments startup Fold made Lightning Network payments possible at Amazon, Starbucks, Uber, and other big-name retailers.
Pundi X Integrates Crypto Payments Into Traditional Sales Terminals
gepubliceerd op Jul 14, 2019
by Cointele | gepubliceerd op Coinage
Coinage
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.