Pundi X Moves Into Europe

Pundi X (NPXS), a blockchain-based point-of-sale (POS) resolution supplier, has introduced the opening of its new European headquarters in London.

Talking at Cash 20/20 Europe, in Amsterdam on Monday, Pundi X’s Nation Supervisor, Gerhard Drobits, stated London base will ideally situate Pundi X to drive a deliberate international rollout of 100,000 of its market-leading level of sale units to international retail. 

“London is the proper subsequent step for Pundi X to broaden its footprint in Europe and to assist drive a pilot rollout that’s really international. Now the primary 500 XPOS models can be able to ship from the manufacturing facility to the world within the subsequent few weeks,” stated Drobits.

The corporate’s blockchain-based fee system, the XPOS, is at the moment in pilot testing. It permits shops to purchase, promote, and settle for a number of cryptocurrencies to allow the bodily retail retailer to conduct multi-cryptocurrency transactions.

Along with 4 thousand pre-orders from markets together with Switzerland, Japan, Korea and Singapore, Pundi X’s associate, the NEM basis, has orders for one more 20,000 models of Pundi X POS know-how within the subsequent three years, in keeping with the corporate’s assertion.

The XPOS terminal will enable customers to make use of money, financial institution playing cards, cell apps or Pundi X’s personal NFC-enabled card, the XPASS, to purchase cryptocurrency or pay with cryptocurrency in any retail retailer. The brand new mannequin comes geared up with card readers which permit retailers to simply accept EMV chip playing cards and conventional magnetic stripe playing cards. This additionally opens the door for different crypto card issuers, bank card corporations and banks to have the ability to use the Pundi X POS system to conduct blockchain-based transactions, stated the corporate. 

Pundi X has lately introduced a sequence of strategic partnerships, together with one with the American Chamber of Commerce, Korea and one other with Singaporean celeb cryptocurrency token trade, GCOX, which plans to open Dubai’s first licensed token trade. Pundi X board members embody main Singaporean buyers and international sporting legends Manny Pacquiao and Michael Owen.

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