Pundi X, a leading Web3 and AI technology firm based in Singapore, has launched an innovative cryptocurrency payment solution designed to help transactions at physical retail locations.
The new Pundi X Pay, featuring the InStore Omni QR Code, promises to simplify and enhance the process of accepting cryptocurrency payments for merchants and customers alike. This groundbreaking technology is poised to make crypto payments more accessible and user-friendly, potentially transforming how digital currencies are used in everyday transactions.
The InStore Omni QR Code, part of Pundi X’s broader strategy to integrate cryptocurrencies into mainstream commerce, provides an advanced solution for merchants.
It supports a vast array of over 500 wallet applications, including major players like WalletConnect and Binance Pay, allowing users to choose their preferred cryptocurrency, blockchain network, and wallet for transactions.
Scaling crypto payments with Pundi X Pay
The system ensures flexibility and convenience, offering digital receipts for both merchants and customers while facilitating multi-chain transactions with AI-powered precision.
“We are excited to unveil the InStore QR Code as a pivotal step in our mission to streamline cryptocurrency payments,” said Zac Cheah, CEO and co-founder of Pundi X Labs.
“Our goal is to make crypto payments accessible and convenient for everyone, and we believe this new feature will drive significant adoption of digital currencies in physical retail settings.”
The launch of Pundi X Pay is especially timely as it addresses the growing demand for efficient and secure cryptocurrency payment solutions.
According to Daniel Katz, CEO of Pundi X South Africa and Managing Director of Ezee Solutions Group, the InStore QR Code represents a major advancement for retail operations.
“The InStore QR Code has unlocked new transaction possibilities across various market segments. It not only meets current market demands but also facilitates rapid scaling of the crypto payment network. Its ease of use and secure transaction capabilities are truly game-changing for our retail operations,” Katz remarked.
Pundi X, founded in 2017, is dedicated to bridging the gap between cryptocurrencies and everyday transactions.
The company’s blockchain platform is designed to overcome many of the limitations associated with digital currencies by enhancing their practicality and mainstream appeal.
Its open-source approach and use of the XPOS mobile contactless point-of-sale terminal enable seamless crypto transactions in retail environments. The platform’s native token, PUNDIX, supports the network’s economic infrastructure.
PUNDIX price
Despite these advancements, PUNDIX, the utility token of the Pundi X ecosystem, experienced a 4% decline over the past 24 hours, trading around $0.39 after earlier highs of $0.41.
This dip reflects broader market trends affecting altcoins, but the launch of the InStore Omni QR Code is expected to bolster interest and usage in the coming months.
Overall, Pundi X’s new payment solution represents a significant step forward in integrating cryptocurrency into daily commerce, offering a versatile, secure, and user-friendly option for merchants and customers alike. As the company prepares to roll out this innovative technology, it aims to further solidify its position as a leader in the evolution of digital currency payments.
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