Pundi X has announced the opening of its new European headquarters in London at Money 20/20 Europe, the continent’s largest gathering of the fintech industry.
Speaking in Amsterdam on Monday, Pundi X’s Country Manager, Gerhard Drobits, made the announcement as the latest version of our XPOS began rolling off the production line for pilot testing.
Gerry told the media that a London base will ideally situate Pundi X to drive a planned global rollout of 100,000 units of our XPOS technology:
“London is the perfect next step for Pundi X to expand its footprint in Europe and to help drive a pilot rollout that is truly global. Now the first 500 XPOS units will be ready to ship from the factory to the world in the next few weeks.”
In addition to four thousand pre-orders from markets including Switzerland, Japan, Korea and Singapore, Pundi X’s partner the NEM foundation have orders for another 20,000 units of Pundi X POS technology in the next three years.
Gerry was in a press conference on Monday, welcoming the latest strategic partner to announce it will deploy Pundi X technology, the Singaporean celebrity cryptocurrency token exchange, GCOX.
GCOX, which will open Dubai’s first licensed token exchange, has board members including leading Singaporean investors and global sporting legends Manny Pacquiao and Michael Owen.
Pundi X’s new office joins others in multiple cities across Indonesia, China, Japan, and Singapore.
London operation has already begun and includes deals with top-level merchants and productive talks with commercial partners and regulators, Drobits said, news which is expected to be announced in coming weeks.
Drobits has worked in finance and banking for companies such Philips, the Computer Sciences Corporation and Coca-Cola across Moscow, Frankfurt, Zurich and Vienna. He will oversee the new office as the country manager of Pundi X’s European operations.
The new model XPOS comes equipped with card readers which allow merchants to accept EMV chip cards and traditional magnetic stripe cards.
This also opens the door for other crypto card issuers, credit card companies and banks to be able to use the Pundi X POS device to conduct blockchain-based transactions.