Pundi X, one of the leading providers of blockchain-powered devices, has announced the launching of its latest XPOS module made by Verifone, the largest manufacturer of point-of-sale (POS) terminals in the world. The innovation behind the X990 relies on the fact that it will accept payments in cryptocurrencies. Through a new integrated system, shops and retailers using the Verifone X990 model will be able to process cryptocurrency payments alongside traditional transactions.
Among the cryptocurrencies accepted by the device are Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), KuCoin (KCS), Kyber Network (KNC), NEM (NEM), and PundiX (NPXS). According to Zac Cheah, Co-Founder and CEO of Pundi X:
Our mission of making blockchain technology and cryptocurrencies accessible to everyone has just taken a huge leap forward thanks to our partnership with Verifone… With our XPOS software in Verifone’s POS terminals, consumers will be able to experience safer and more seamless transactions using all major cryptocurrencies…
Yiannos Papadopoulos, Asia Pacific President, Verifone; also commented on the announcement saying:
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.
The Android-based point of sale terminal will work like any other POS terminal. Consumers with the Pundi XPASS cards or the XWallet app will be able to transact with retailers using this device. After a transaction is made, the XPOS will automatically provide an exchange rate between fiat and the cryptocurrency used for that specific transaction, making it possible for both consumers and merchants to transact in crypto. Verifone is one of the top distributors of POS terminals worldwide, with over 30 million products shipped to more than 150 countries.
This marks another milestone for cryptocurrency adoption in general, with crypto users being able to spend cryptocurrencies just as easy as using a debit or credit card to pay for goods and services.