PundiX will be available in physical stores in 2018
Pundi X, a NEM-integrated cryptocurrency point-of-sale (POS) solutions provider for retail stores, announced that it already launched three working products before its public token sale last January 21, 2018.
These Pundi X POS devices can help retail store owners convert crypto to fiat, crypto to crypto to fiat, and fiat to crypto for transactions. The company also established strategic partnerships to roll out its POS devices this 2018.
Three working products made for different types of retailers:
Pundi X has built and launched three types of POS devices that can cater the needs of different kinds of retail outlets. The first generation device, XPOS 1, is codenamed ‘Mount Agung.’ This is perfect for small-spaced counters such as restaurants, cafes, or currency exchange booths.
The second generation device, XPOS 2 or ‘Jade Dragon Snow Mountain,’ is the most handy and portable Pundi X POS device best used by retailers without counters or less space to put in their POS devices. The third generation POS device, Halla, has large screens designed for big retailers to display in their stores for sale items and/or store advertisement.
These three models are working products, NFC-compatible, and ready for integration with Bitcoin, Ethereum, NEM, Qtum, Achain, Stellar Lumens and other blockchain platforms. It also enables consumers to easily check out items with cryptocurrencies (BTC, ETH, XEM, LTC, PXS, QTUM, XLM, ACT tokens), fiat money, bank card, mobile wallet, or a Pundi X Pass card in the near future.
Getting cryptos to the mainstream in 2018
As for the POS device roll-out plan, Pundi X has partnered with companies in the US, Canada, Indonesia, India, the Philippines, and Singapore–Appsolutely covers the Philippines market, WandX covers India, CannaSOS covers North America, and U.CASH covers Canada and North America.
In Indonesia, the rollout will be built upon Pundi-Pundi (QR payment solution), with over 100,000 registered users and 600 partnered merchants. Pundi-Pundi recently signed a strategic partnership with Warmindo, a food stall chain owned by Indofood. About 45,000 Warmindo stalls will get Pundi solution for cashless transactions. Also, Pundi X, in collaboration with E2Pay, will build a new financial app for a religious group in Indonesia with 100 million members. One of the objectives is to enable donation by using cryptocurrencies.
“Due to the inquiries we have received during the roadshows, the team decided to get more working products ready before our public token sale begins. We know that we need to get the devices made immediately and distributed right after the fundraising,” said Zac Cheah, CEO of Pundi X. “2018 will be an exciting year for Pundi X. We are ready and look forward to getting more cryptocurrencies in more places.”
Public token sale started last January 21 with a $23 million and went sold out in about 90 minutes! The team plans to install at least 100,000 Pundi X POS devices over the next three years across all target markets using the funds raised.
The limited time pre-sale has successfully raised a total of 10,833 ETH, 622 BTC, 597,442 XEM, and 50,000 QTUM – equivalent to 23 million US Dollars (price value as of December 20th) from 1,481 individual investors. Established token investors include Lon Wong (President of NEM) and Patrick Dai (CEO and founder of Qtum).
About Pundi X
Pundi X is a cryptocurrency POS solutions provider for retail stores seeking to accept digital currencies in Southeast Asia. Pundi X POS enable shops, cafes, and convenience stores to sell cryptocurrency to the average consumer. It builds on the success of Pundi-Pundi, which is one of Indonesia’s most popular QR code cashless payment apps. Pundi-Pundi has already signed up more than 100,000 users and over 600 merchant partners in Jakarta in less than a year of operation.
To build a better cryptocurrency ecosystem, Pundi X is a member of XPOS Consortium, Indonesian Blockchain Association, Singapore Fintech Association, Fintech Association of Hong Kong, ACCESS, and Swiss Finance and Fintech Association.
For more information, please visit https://pundix.com/.
You can also find Pundi X on the following social media channels:
View original content:http://www.prnewswire.com/news-releases/pundi-x-starts-bringing-cryptocurrencies-to-physical-stores-in-2018-300576302.html
SOURCE Pundi X
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