Pundi X, a decentralized offline cryptocurrency sales network, has completed testing of new hardware devices. Using them, you can pay bills with any popular cryptocurrency anywhere - in shops, restaurants, cafes.
Regulators have repeatedly stated that Bitcoin is not a valid means of payment. Despite this, the Pundi X team continues to build a network that makes paying for services with cryptocurrency incredibly easy. The company's goal is to become the premier cryptocurrency trading platform and bring digital currencies and blockchain technology into people's everyday lives.
Company co-founder and CEO Zach Chih said in a recent interview:
“Hong Kong is a great place to test drive this network. We intend to begin installation of the equipment as early as August of this year."
A report published by Coin ATM Radar states that there are approximately 3,500 Bitcoin ATMs worldwide. The Pundi XPOS network will consist of more than 5,000 devices that will help people purchase everyday items like morning coffee or a new addition to their wardrobe.
Pundi XPOS device will also be able to pay with Visa, Mastercard, Apple Pay, Alipay. Merchants will be able to use the platform to support the mobile payment system, as well as profit by helping customers buy or sell cryptocurrencies such as Ethereum, Bitcoin, Nem, Achain or QTUM.
According to the South China Morning Post, representatives of the Hong Kong Monetary Authority said: “Under the current legal framework that regulates financial institutions and institutions engaged in custody of funds, cryptocurrencies are not a store of value in Hong Kong, but they can be. means of payment.”
By the beginning of 2019, Pundi X is going to be installed on more than 50,000 XPOS devices in different countries.
According to ryptodaily.co.uk
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