Blockchain Startup Pundi X Announces Plans to Bring Cryptocurrencies to Physical Stores in 2018



Pundi X, a cryptocurrency point-of-sale (“POS”) solutions provider for retail stores, announced on Tuesday it is launching three working products before its public token sales on January 21st.


According to the company, these POS devices can help the retail store owners to convert crypto to fiat, crypto to crypto to fiat and fiat to crypto for transactions.


The company revealed:“Pundi X has built and launched three types of POS devices that can cater needs of different kinds of retail outlets. The first generation device- XPOS 1 is codenamed Mount Agung. It can be installed in the stores with the limited space of the counter, such as restaurants, cafes or currency exchange booths. XPOS 2 is Jade Dragon Snow Mountain. It’s small, light and highly portable Pundi X POS device. This type of device is suitable for the retailers in the farmer market where they don’t have counter or less space to station their POS devices. As for the third generation POS device, its code name is Halla. It comes with much larger screens and is designed for large retail stores with big counters so that the store owners can display the sales items or store advertisement.”


The company also shared that all these three models are working products, NFC-compatible and be able to get integrated with Bitcoin, Ethereum, NEM, Qtum, Achain, Stellar Lumens and other blockchain platforms and enable consumers to easily check out items with cryptocurrencies (BTC, ETH, XEM, LTC, PXS, QTUM, XLM, ACT tokens), fiat money, bank card, mobile wallet or a Pundi X Pass card in the near future. These POS devices can help the retail store owners to convert crypto to fiat, crypto to crypto to fiat and fiat to crypto for transactions.


Pundi then added it has also established strategic partnerships to roll out its POS devices in 2018. As for POS device roll-out plan, Pundi X has partnered with the companies in the US, Canada, Indonesia, India, the Philippines, and Singapore.


By:Samantha Hurst