French payment firm Ingenico has partnered with Singapore-based crypto startup Pundi X to enable its customers to receive payments in crypto using smartphones.
Pundi X has integrated its point-of-sale payment gateway (XPOS) into Ingenico’s mobile portable POS solution APOS A8, the firm announced on Nov. 12. Through this partnership, merchants around the world using Ingenico’s Android-based APOS A8 will now be able to accept a wide number of crypto as payment options.
Transactions will be processed directly through Pundi’s XWallet mobile app
Specifically, installing the XPOS module on an Ingenico POS terminal will enable payments in cryptocurrencies including Bitcoin (BTC), Ether (ETH), Binance Coin (BNB), NEM (XEM), QTUM and other cryptos supported by Pundi X payment ecosystem.
Transactions with Ingenico’s APOS A8 solution and Pundi’s XPOS module will be processed directly through Pundi’s XWallet mobile app or physical multi-currency crypto card, XPASS, Ingenico said. The firm also noted that POS devices will automatically provide conversion rates between fiat and cryptocurrencies at retail outlets.
Pundi X drives adoption in crypto and blockchain industry
Marcus Low, senior VP at Asia Pacific of Ingenico Group, claimed that the new partnership is a great way to introduce cryptocurrency as a reliable global payment option.
Zac Cheah, co-founder and CEO of Pundi X, said that launching crypto payments in Ingenico’s APOS A8 devices will undoubtedly trigger more adoption to crypto and blockchain technology.
Pundi X has been actively integrating its XPOS solution to global payment tools worldwide. In August, Pundi X partnered with major Venezuelan chain Traki to implement its blockchain-based POS for crypto payments. Previously, the firm announced that its POS gateway will be soon launched in Panama, with blockchain development firm Chainzilla joining the project as a local distributor.