Crypto Payments Startup PundiX declared that it has released a crypto payment system into a device developed by the American Point of Scale (POS) system producer VeriFone during a press release on July 12.
According to the press release, PundiX has incorporated XPOS crypto module on the X990 Android-based POS terminal by VeriFone, that is made by the world's leading producers of such devices. With the help of this new move, a vast number of retailers will be able to accept payments in cryptocurrencies. The startup says:
“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 allow making crypto payments via a lot of different currencies such as Bitcoin (BTC), Ether (ETH), Binance Coin (BNB), KuCoin Shares (KCS), Kyber Network (KCS), Nem(XEM), and Pundi X (NPXS). The device will allow automated exchanges between fiat and crypto at the time of transactions, that can be made using Pundi XPASS cards or using the XWallet App.
Yiannos Papadopoulos, Asia Pacific President at Verifone, said,
“We’re excited to work with Pundi X in integrating its innovative technology within our devices Having blockchain technology in the X990 will revolutionize how our partner retailers transact with a new generation of customers carrying cryptocurrencies.”
This latest development will be highly beneficial for the crypto world and form a broad network of crypto payments.
Based on the press release, Verifone is the leading distributor and provider of POS Solutions. Verifone has shipped around 35 million devices in over 150 countries. CrunchBase anticipates that the company's revenue is about $1.8 billion yearly.
In June 2018, PundiX launched Crypto POS devices in Indonesia, assuring that the central bank would reject its cryptocurrency viewpoint within the next three years.
Before a week, One of the United States-based crypto payments startup Fold rolled out Lightning Payment Networks at Amazon, Starbucks, Uber and some of the other big-retail merchants.