Pundi X, the cryptocurrency payments startup, declared that it has incorporated its crypto payments system into a tool developed by VeriFone, an American Point of Sale (POS) systems producer. The startup, as per the release, has incorporated its XPOS crypto payments unit into VeriFone’s X990 Android-based POS terminal, which is supposedly one of the key manufacturers of such devices in the world. The program intends to facilitate a broader network of merchants to allow transactions in cryptocurrencies.
In the press release, the startup mentions, “With this incorporation, retail outlets and shops making use of the VeriFone X990 with enabled XPOS module would be capable of processing cryptocurrency transactions in conjunction with traditional payments.” The XPOS-activated devices will back disbursements in Ether (ETH), Bitcoin (BTC), KuCoin Shares (KCS), Binance Coin (BNB), Nem (XEM), Kyber Pundi X (NPXS), and Network (KNC). During the transactions, the device will swap between fiat and cryptocurrencies automatically, which can be executed with the XWallet app or Pundi XPASS cards.
VeriFone, as mentioned in the press release, has more than 35 Million devices in over 150 nations. Crunchbase projects the turnover of the firm to be $1.8 billion per annum. Pundi X’s cryptocurrency POS devices were been launched in Indonesia in June last year, laying a bet that the central bank would dispose of its anti-cryptocurrency stand within 3 Years.
On the other end, earlier this week, Fold, a US startup, has initiated Bitcoin Lightning Network payments at retailers like Starbucks, Amazon, Target, Whole Foods, and Home Depot. It pursued the steps of fellow US venture Moon that has declared, earlier this year, that any Lightning Network-activated wallet could now be utilized via its Chrome browser extension. Before this, Moon was used by a small group of beta users to pay out crypto on e-commerce websites by linking the browser extension to trade accounts such as Coinbase.