Pundi X joins Próspera to build a crypto-friendly zone for Bitcoin adoption
ROATAN, Honduras and SINGAPORE, 20 November 2022 /PRNewswire/ — To spread crypto adoption, Singapore-based blockchain solutions provider Pundi X will be giving away free XPOS devices with its latest Web 3.0 upgrade to successfully verified merchants during the Próspera Fintech Festival held from 18 to 20 November in Roatán, Honduras.
XPOS, the world’s first blockchain-based point of sale platform, allows brick-and-mortar retailers in particular to start accepting crypto payments with all blockchain wallets as well as just the simple swipe of a prepaid crypto card. The overall goal of deploying these XPOS devices is to encourage adoption crypto adoption and provide retailers with a greater variety of payment options.
Pundi X’s involvement in the Próspera Fintech Festival is particularly appropriate given Próspera’s status as a Special Economic Zone there Bitcoin is actually legal tender. In fact, Pundi X has already partnered with the Próspera Economic Zone’s local authorities and communities to allow businesses such as resorts, dive shops and restaurants to accept crypto from their guests. Allowing Pundi X to contribute its solutions to the Próspera Economic Zone resulted in expanded economic opportunities for small businesses in the area.
According to Honduras Próspera Inc. CEO Eric BrimenPundi X’s past expertise in helping traditional retailers understand crypto is essential to guarantee the Próspera Economic Zone’s success. “Retail businesses are intimidated by the complexity behind it crypto. Still, something handy shows that the XPOS smart device accepts crypto is no more complicated than a card swipe and pressing a few buttons,” Brimen said.
XPOS devices also allow businesses to accept payments in popular cryptocurrencies such as Bitcoin, Ethereum, BNB, DAI, PUNDIX, FX and USDT. Additionally, XPOS can accept BTC, USDT, ETHBNB payments from all supported blockchain wallets, included Bitcoin lightning network, BNB Smart Chain, Ethereum, and Tron. This wide range gives businesses real flexibility and freedom when it comes to the payment options they can take.
Of course, offering the ability to accept multiple cryptocurrencies offers more benefits than just flexibility and freedom. Accepting cryptocurrencies and converting to stablecoins automatically for sellers can reduce the volatility they will face.
“We want businesses to feel safe and secure when using them crypto,” explained Pundi X CEO and co-founder Zac Cheah. “When you alleviate concerns about unavailability and instability, you go a long way in turning businesses around crypto-friendly.”
Businesses interested in applying for a free XPOS device can register to participate in the event via the link here: https://shop.pundix.com/roatan.
About Prospera
Honduras Próspera Inc is the promoter and organizer of Próspera ZEDE, a world-class Special Economic Zone i Honduras. Próspera ZEDE leverages Honduras Próspera Inc’s governance platform to create the conditions for unleashing shared prosperity and economy in Honduras. This governance model is based on a seamless integration of common law, an open regulatory framework and professional service providers with the aim of creating shared, inclusive social and economic opportunities and a positive environment for all groups involved.
About Pundi X Labs
Located in Singapore, Pundi X was founded in 2017 with the goal of harnessing the power of blockchain technology to make a safer and more inclusive world. The company is responsible for developing XPOS, a sales platform that enables brick-and-mortar stores to trade on the blockchain. The company currently has offices in JakartaSão Paulo, Seoul, Taipeiand Tokyo.
Pundi X has also been selected as one of the Top 50 Innovative Fintech Startups of 2018 by KPMG and H2 Ventures, Cool Providers in Blockchain Business by Gartner, and Top 10 Fintech Leader by the Singapore Fintech Association.
For more information, visit
SOURCE Pundi X
