Pundi X (cryptocurrency payments startup) announced in a press release on the 12th of July that it has integrated its crypto payment system into a POS device.
According to the press release, Pundi X integrated its XPOS crypto payments module on VeriFone’s Android-based POS terminal X990. VeriFone is one of the world’s largest POS device producers and reportedly has over 35 million devices in more than 150 countries. Crunch estimates VeriFone annual revenue to be $1.8 billion.
The aim of integrating the crypto payment module with VeriFone’s POS is to allow a wider network of retailers accepts payments in cryptocurrencies. The XPOS enabled devices automatically exchanges traditional fiat currencies and cryptocurrencies during the transaction, this can be made with either XWallet app or XPASS cards. The devices will support payments in Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), KuCoin Shares (KCS). Kyber Network (KNC), Nem (XEM), and Pundi X (NPXS).
The startup states:
“With this integration, shops and retail outlets using the VeriFone X990 with XPOS module activated will now be able to process cryptocurrency payments alongside traditional transactions.”