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POS Solutions Provider to Launch on Blockchain to Benefit Merchants and Consumers
SINGAPORE — November 14, 2017 — Pundi X, a cryptocurrency point-of-sale (“POS”) solutions provider for retail stores seeking to accept digital currencies in South East Asia, today announced their successful integration into the NEM blockchain. With the new change, every Pundi X POS device can be connected to both the Ethereum and NEM blockchains, enabling consumers to easily buy or sell cryptocurrencies (BTS, ETH, XEM, LTC, PXS tokens) using fiat money (Dollars, Rupiah, Baht, etc.), bank card, mobile wallet or with a Pundi X Pass.
XEM is the world’s tenth largest cryptocurrency, according to coinmarketcap.com, with a market capitalization of US $1.6 billion. NEM’s technology is currently employed by a variety of financial institutions and industries. When considering demand and trade volume, NEM also boasts being one of the most popular altcoins in Japan.
“By using NEM’s blockchain solution, we can confirm transactions instantly, which enables us to lower the exchange risk and provide a better user experience,” said Zac Cheah, CEO of Pundi X. “Moreover, Pundi X can now focus on rapid expansion to new markets thanks to our inclusion in the NEM network.”
“We are working to achieve mass adoption of the NEM protocol through sovereign fiat money issuance, financial settlements, payments, trade finance, stock markets, forex and other applications. The Pundi X business matches this goal because it makes cryptocurrencies more accessible for people to use in their daily lives,” commented Lon Wong, President of NEM.io Foundation. “NEM is very easy to implement. For example, it took only one day to make the Pundi X system work on the NEM blockchain for both the private and the public chains.”
Singapore Fintech Festival 2017 attendees can experience Pundi X POS device (Booth: 2L12) and NEM blockchain (Booth: 1F21) in the exhibition area. Media or partners interested in meeting with Pundi X during Singapore Fintech Festival 2017 can contact [email protected] .
Pundi X public token sale is November 20, 2017, with the white list application closing at 10:00 GMT+8 on November 19. To learn more, please visit https://pundix.com/.
About NEM.io Foundation Ltd
NEM.io Foundation Ltd. is a non-profit organization based in Singapore, set up to promote NEM’s blockchain technology globally. It is currently one of the most well-funded and successful blockchain technology projects in the cryptocurrency industry. NEM’s technology is currently being utilized in a variety of financial institutions and industries.
For more information, please visit: www.nem.io
Press contact NEM.io: [email protected] / +1-415-595-2030
All other product and company names herein may be trademarks by their registered owners.
About Pundi X
Pundi X is a cryptocurrency point-of-sale (“POS”) solutions provider for retail stores seeking to accept digital currencies in South East Asia. Pundi X POS enables shops, cafes and convenience stores to sell cryptocurrency to general consumers and builds on the success of Pundi-Pundi, which is one of Indonesia’s most popular QR code cashless payment apps. Pundi X public token sale is November 20, 2017 with the aim of financing over 700,000 Pundi X POS devices to be installed over the next three years across all target markets.