Sirlibz
Pundi X, based in Singapore are the blockchain Project and the maker of the blockchain powered XPOS Point-of-solution devices, have announced the integration of PayPal to their devices. This would allow merchants to accept a wide range of cashless payments.
This announcement comes weeks after a twitter poll that was set up asking members to choose between PayPal, PayTM, WeChat, Ali Pay, and GoPay. PayPal received 70% of the total votes when the results were presented, dusting out WeChat, AliPay and others. This integration will allow for purchase of cryptocurrencies from XPOS merchants. Merchants on the XPOS who wish to make use of this should send their device IMEI Code to [email protected]
PayPal is a leading payment system with over 325M customers and it said to process over $700 billion transfers annually.
Zec Cheah, the CEO of Pundi X said.
“To be able to support a leading online payment provider in our XPOS devices can give people more confidence in using them, and can move usage of blockchain technology closer to the mainstream.”
“Aside from better transactions, of course, we see cryptocurrency as something that promotes financial inclusion. Combine PayPal’s massive user base with the fact that our XPOS@ devices are now operating in 30+ markets globally and you could start seeing
situations where dealing in crypto is as trouble-free as buying a bottle of water. “
Pundi X aims at making crypto more easily accessible and transactable for the masses. Integrating PayPal to its platform is one step to achieving that.
