To spread crypto adoption, Singapore-based blockchain solutions provider Pundi X will be giving away free XPOS devices with its latest Web 3.0 upgrade to successfully-verified merchants during the Próspera Fintech Festival to be held from November 18 to 20 in Roatán, Honduras.
XPOS, the world-first blockchain-based point of sale platform, notably allows brick-and-mortar retailers to begin accepting crypto payments with any blockchain wallets as well as just the easy swipe of a pre-paid crypto card. The overall goal of distributing these XPOS devices is to encourage widespread crypto adoption and give retailers a greater variety of payment options.
Latest Fintech News: AI Can Prevent Cyber Attacks In The E-Commerce Sector
Pundi X’s involvement with the Próspera Fintech Festival is especially appropriate considering Próspera’s status as a special economic zone where Bitcoin is effectively legal tender. In fact, Pundi X has already partnered with the Próspera Economic Zone’s local government and local communities to allow businesses like resorts, scuba shops, and restaurants to accept crypto from their guests. Allowing Pundi X to contribute its solutions to the Próspera Economic Zone resulted in expanded economic opportunities for small businesses in the area.
According to Honduras Próspera Inc. CEO Erick Brimen, Pundi X’s prior expertise in helping traditional retailers understand crypto is crucial for guaranteeing the Próspera Economic Zone’s success. “Retail businesses are intimidated by the complexities behind crypto. Yet something handy like the XPOS smart device shows accepting crypto is no more complex than a card swipe and pressing a few buttons,” Brimen said.
Latest Fintech News: Best Apps for Crypto In 2023
XPOS devices also allow businesses to accept payments in popular cryptocurrencies such as Bitcoin, Ethereum, BNB, DAI, PUNDIX, FX, and USDT. Additionally, XPOS can accept BTC, USDT, ETH, BNB payments from all supported blockchain wallets, including Bitcoin lightning network, BNB Smart Chain, Ethereum, and Tron. This wide variety gives businesses true flexibility and freedom when it comes to payment options they can take.
Of course, offering the ability to accept multiple cryptocurrencies brings more benefits than just flexibility and freedom. Accepting cryptocurrencies and converted in stablecoins automatically for merchants can reduce the volatility they will face.
“We want businesses to feel confident and secure when using crypto,” explained Pundi X CEO and co-founder Zac Cheah. “When you alleviate concerns on inaccessibility and instability you go a long way in turning businesses crypto-friendly.”
Latest Fintech News: Betterview Announces Partnership with Iceye
[To share your insights with us, please write to sghosh@martechseries.com]
