Indonesia-based Pundi X has launched three new solutions for its cryptocurrency point-of-sale solution, ahead of platform distribution.
The company now allows retailers to convert crypto to fiat, crypto to crypto to fiat and fiat to crypto for transactions.
Alongside the new services launch, the company has established strategic partnerships to support the POS rollout. Pundi has partnered with iCannaSOS and U.CASH for North America and Canada, WandX for India, and Appsolutely in the Philippines. In Indonesia, the solution will be built on QR payment solution Pundi-Pundi.
Pundi X is a cryptocurrency point-of-sale solution that helps retailers accept cryptocurrencies in the Southeast Asia. The company’s technology is used in shops, cafes and convenience stores to allow consumers to purchase cryptocurrencies. Through the terminals, consumers can also sell their tokens, make digital payments, top up phones, and pay bills.
Late last year, the company raised over $4m in its pre-sale ICO which saw 625 investors invest 3,148 ETH, 613 BTC and 250,040 XEM. Other pre-sales raised by the company, bring the total pre-sale funding to around $23m, according to the company. This pre-sale represents 5 per cent of the company’s ICO, which is scheduled to launch on January 21st and with a £35m hard cap.
Pundi X CEO Zac Cheah said, “Due to the inquiries we 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.”
Over the next three years, Pundi X is hoping to install at least 100,000 POS terminals around the world.
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