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July 15, 2019

Pundi X integrates XPOS module in Verifone X990 for crypto payments

Pundi X, a Singapore company that provides blockchain-powered devices, has completed integration support of its XPOS module on X990 made by US firm Verifone to enable retailers to accept payments in cryptocurrencies.

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With the integration of the XPOS module, shops and retail outlets using the Verifone X990 with XPOS module will be able to process cryptocurrency payments in addition to traditional transactions.

The XPOS module allows Verifone X990 to accept various cryptocurrencies, including BTC, BNB, ETH, KNC, KCS, XEM and NPXS, as payment options.

Customers can also top up or spend cryptocurrencies at retailers with the Pundi X Verifone X990 installed.

Pundi X co-founder and CEO Zac Cheah said: “Our mission of making blockchain technology and cryptocurrencies accessible to everyone has just taken a huge leap forward thanks to our partnership with Verifone.

“With our XPOS software in Verifone’s POS terminals, consumers will be able to experience safer and more seamless transactions using all major cryptocurrencies.”

VeriFone X990, the company’s latest Android-based POS terminal, will function similar to the XPOS, as all features will be installed in the traditional terminals.

Consumers with Pundi XPASS cards or the XWallet app will be able to transact with retailers using the X990 similar to transactions with XPOS partner merchants.

During the transaction, the XPOS will provide an exchange rate between fiat and cryptocurrencies.

Merchants will have to contact their VeriFone or Pundi X distributors to install XPOS module in X990 and other upcoming Android-based POS models.

Verifone president for Asia Pacific Yiannos Papadopoulos said: “We’re excited to work with Pundi X in integrating its innovative technology within our devices.

“Having blockchain technology in the X990 will revolutionize how our partner retailers transact with a new generation of customers carrying cryptocurrencies.”

Verifone has shipped more than 35 million point-of-sale (POS) terminals in more than 150 countries.

Pundi X’s XPOS has been shipped to more than 30 countries, and the company aims to roll out 100,000 devices to the global retail market by 2021.

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Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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