The world first blockchain-based point of sale terminal will support Zcash(ZEC) transactions
Established by a team of cryptography experts, including computer security expert Zooko Wilcox, Zcash is the first digital currency to give consumers control over the information they disclose onto blockchains. Today, more than $1-billion (USD) worth of ZEC is currently in circulation, according to CoinMarketCap.com.
“Our XPOS point of sales devices can carry up to 15 different currencies, with future plans for more,” said Zac Cheah, the co-founder and CEO of Pundi X. “We have carefully chosen our partnerships to give consumers and retailers more choices and it’s very exciting to announce a deal with one of the world’s leading cryptocurrencies, not just on the measure of market penetration but technological innovation and consumer focus, too.”
“We want ZEC to be used as a currency for day-to-day transactions, but believe that two major barriers to adoption are point of sales integration and an intuitive way to interact with that integration. We hope that Pundi X’s Zcash support will enable many users in Korea, Japan, Singapore and more to use Zcash as a method of payment in their day-to-day transactions,” said Linda Lee, UX Engineer at the Zcash Company.
Pundi X grew out of one of Indonesia’s leading financial technology companies in the payments market and is leading the implementation of cryptocurrency across the $2-trillion (USD) global retail sales market. The company’s global presence now includes employees and offices in China, Indonesia, Japan, South Korea, Singapore, Taiwan, Latin America and Europe.
The company’s new XPOS smart point-of-sales terminals for retailers and XPASS cards for consumers aim to significantly broaden the existing market for cryptocurrencies by enabling bricks-and-mortar retailers and their consumers to easily perform cryptocurrency to fiat or fiat to cryptocurrency transactions faster and easier.
Pundi XPOS device was featured in the April edition of The Nilson Report, the most respected source of news about the global card and mobile payments industries.
Pundi X has plans to ship 25,000 of its XPOS devices globally and recently announced a buy-back of company holdings in response to unanticipated demand from international business partners.