Privacy-enabled cryptocurrency Verge will be usable as a means of payment in thousands of stores around the world after an agreement to list XVG on the Pundi X POS.
XVG, a cryptocurrency known for its high speed and low transaction costs and will be joining a dozen other cryptocurrencies in the second tranche of coins for listing on the second batch of Pundi X POS scheduled for international shipment.
XVG is the first cryptocurrency to be announced for listing on the second batch of new token listing on XPOS in Q4.
Pundi X co-founder and CEO Zac Cheah said: “The rise of Verge has been a testament to the power of community-driven development in the modern world of cryptocurrencies.
“Their dedicated community of thousands has produced a a speedy, secure and truly decentralised cryptocurrency. All of these features make XVG highly suited for use in transactions and the broader retail environment and mean it’s a natural inclusion for our next batch of XPOS for international shipment”.
In a blog post announcing the partnership, a member of the XVG team said the addition of Verge to the Pundi X POS would change the way the currency could be used by its holders:
“Online vendors who accept Verge either rely on real time converters to get the price of products or third party crypto payment gateways.
“The problem at hand is glaring. There is no connect between online and offline solutions and neither is there any one point solution for a customer’s payment needs. This is where things are going to change!”
The first batch of XPOS devices, currently being shipped, will come with BTC, ETH, BNB, NPXS listed as standard. XVG will be included alongside another dozen cryptocurrencies in the second batch, taking the total available for merchants to choose for making transaction on the Pundi X POS to 25.