Pundi X has signed an agreement with South Korean blockchain platform Carry Protocol to offer a new crypto payments system.

Carry Protocol’s CRE token is now available on the Pundi X payment ecosystem. The token is available via the Pundi X Open Platform, which lists decentralised assets, including crypto currency.

This facilitates crypto payments in the offline stores by using the CRE token at Pundi X’s partner XPOS merchants globally. XPOS is a cryptocurrency payment device available in more than 30 countries, including South Korea, Spain and Australia.

CRE can also be used with the XWallet app, a cryptocurrency wallet with 700,000 registered users that supports XPOS payments.

Carry Protocol co-CEO Choi Jae-seung said: “With this partnership, consumers will be able to make payments offline by using Carry token (CRE) based on data compensation.

“We will further expand the Carry Protocol ecosystem so that anyone can easily obtain and use cryptocurrency in real life.”

Carry Protocol expects the Pundi X payment platform to enable crypto payments and tap $2bn offline payment data market. The partnership also expands Korean tokens to global markets.

In addition, Carry Protocol can gain worldwide users served by Pundi X. The company is planning to foray into Southeast Asia and other international markets.

Pundi X co-founder and CEO Zac Cheah said: “This partnership also boosts our efforts of making the benefits of blockchain technology more accessible to everyone.”

The company aims to distribute more than 100,000 XPOS devices by 2021.