The launch of BLOCKCHAIN Pundi X is looking at the Philippines and the rest of Asia for the launch of its POS device (point of sale), which will allow the sales establishments to accept cryptocurrencies as payment .
Pundi X POS would accept various cryptocurrencies including bitcoins, NPXS and ADI.
"Pundi X's plans to implement the Pundi X POS device in Asia next year, including the Philippines, will further enhance the local cryptocurrency ecosystem, opening it up to more consumers," the company said.
He explained that for traditional consumers Pundi X can lower the technical threshold and make the cryptocurrency transaction as easy as buying a bottle of water via smart POS device.
The purchased cryptocurrency can be stored in physical paper portfolios or used to make cashless payments to top up phones, pay bills or purchase goods, subject to local regulations in each market, he added.
The comp any note a demonstration of its technology was held in Manila last May. The same month, the Hong Kong Fama Group, a chain of organic food restaurants, agreed to adopt Pundi X's POS device.
"The adoption of cryptocurrencies in East Asia is probably the highest in the world. world, however there are still few channels for digital spending currency today and this is what we want to change by working with outlets like the farsighted Fama Group, "said the co-founder and CEO of Pundi X Zac Cheah.
"This is the first of many partnerships that we will organize throughout Asia to encourage more widespread use of cryptocurrency in the long-term retail economy," added Cheah. – Philippine Daily Inquirer / Asia News Network