Partnership, Product

Pundi X POS adds BNB, taking Binance tokens to the high street

BNB, the token of the world’s leading cryptocurrency exchange, Binance, will be available for consumers to pay for goods in shops around the world after an agreement to list the coin on the Pundi X POS terminal.

bnb xpos

BNB, which powers the world’s largest cryptocurrency exchange, will join a dozen other leading cryptocurrencies on the latest version of the Pundi X POS which is progressively being rolled out to international retail stores this month.

Since its creation less than one year ago, BNB has vaulted into the world’s top 20 cryptocurrencies and its market capitalisation exceeds $1.7-billion (USD).

zac and cz
Pundi X CEO and co-founder Zac Cheah (left) and Binance CEO and co-founder Changpeng Zhao announced the partnership on the sidelines of Korea Blockchain Week on July 22, 2018.

“Utility for holders has always been a central part of BNB’s reason for being, something which has been evident from the way it has successfully fueled the world’s largest cryptocurrency exchange,” Zac said. “We’re proud to have a token of this stature included among the first dozen for listing on the XPOS as we prepare to place the device in the hands of international retailers and so extend additional use to BNB holders”.

A Binance spokesperson said: “Binance has always believed in the power of markets and new blockchain infrastructure for industry. That means involvement in the global retail market via Pundi X’s blockchain-based point of sale device is a new frontier we’re excited to be a part of.

“That consumers will soon be able to use our token to buy real goods in real stores adds an exciting new dimension to BNB.”

The partnership follows the listing of NPXS on Binance last month following Pundi X’s winning the Binance community coin of the month in June.