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Pundi X Partners with Binance Pay to Bring Cryptocurrency Payments to Retail Stores

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It is reported that Pundi X, the blockchain retail solution, announced the establishment of a partnership with Binance Pay, which will introduce Binance Pay in…

Pundi X Partners with Binance Pay to Bring Cryptocurrency Payments to Retail Stores

It is reported that Pundi X, the blockchain retail solution, announced the establishment of a partnership with Binance Pay, which will introduce Binance Pay into Pundi X’s XPOS device. XOPS devices have been deployed in more than 30 countries. This cooperation will provide physical retailers with the ability to accept cryptocurrency payments.

Blockchain retail solution Pundi X integrates BinancePay

Interpretation of the news:


Pundi X, the blockchain retail solution, has announced a partnership with Binance Pay to bring cryptocurrency payments to physical retailers through their XPOS device. The XPOS device has already been deployed in more than 30 countries and this partnership is a significant step in expanding the reach of cryptocurrency payments to retail stores globally.

The implementation of cryptocurrency payments in retail stores has been a challenge due to the lack of infrastructure and support from regulatory bodies. However, in recent years there has been a growing demand from consumers for more payment options and the adoption of blockchain technology has presented an opportunity to provide a secure and decentralized payment system.

The partnership between Pundi X and Binance Pay aims to accelerate this adoption by providing retailers with an accessible platform to facilitate cryptocurrency payments. The XPOS device is a point-of-sale terminal that enables merchants to accept payments in multiple cryptocurrencies. With the integration of Binance Pay, XPOS users will be able to accept payments in BUSD, Binance’s own stablecoin, and other cryptocurrencies supported by Binance Pay.

This collaboration is beneficial for both companies as it increases the reach of their respective platforms. Pundi X will be able to offer their users a wider range of payment options while Binance Pay will gain exposure to the XPOS user base. The partnership will also bring more visibility to the cryptocurrency industry as a whole and create more opportunities for retailers to adopt the technology.

In conclusion, the partnership between Pundi X and Binance Pay is a significant development in the adoption of cryptocurrency payments in retail stores. The introduction of an accessible platform like XPOS device with support from a large cryptocurrency exchange like Binance Pay can help pave the way for more adoption of blockchain technology in the mainstream market.

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