According to a press-release on Medium, Pundi X, a well known blockchain-based payment provider, will soon allow Colombians to start paying for their everyday purchases via digital currencies across 1,000 stores.

This latest partnership will see Colombian investment firm Manticora Capital team up with Pundi X (NPXS), thus allowing merchants to place POS devices within their stores and facilitate payments via a host of different crypto assets including:

  • Bitcoin (BTC)

  • Ethereum (ETH)

  • NEM (XEM)

  • Qtum (QTUM)

  • Achain (ACT)

  • Stellar (XLM)

  • Verge (XVG).

Also worth mentioning is the fact that the aforementioned Point-of-Sale (POS) devices will be able to complete crypto-based transactions instantly and will allow customers to buy and sell altcoins over-the-counter.

Lastly, Pundi X will also support payments via Pundi XPASS cards, as well as cryptocurrency wallets that support QR codes and traditional mobile wallets.

Final Take

While the project is still in its nascent stages, it is being reported that Pundi X has already started mass production of its POS devices (from February this year). If successful, the company hopes to deploy its novel offering within 100,000 stores across 12 different countries in the coming few years.

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