Pundi X Signs MoU with the American Chamber of Commerce For Crypto Payment Solutions

by | May 30, 2018 | Blockchain, Cryptocurrency, Cryptocurrency News

Pundi X | AMCHAM | MoU | Memorandum of Understanding | Blockchain transactions | Payments in Cryptocurrencies

Blockchain technology firm Pundi X has signed a Memorandum of Understanding with the American Chamber of Commerce (AMCHAM), to allow retail stores to conduct blockchain-based transactions in multiple cryptocurrencies. AMCHAM is a group with a vast array of around 1,800 members. Such members include giant firms such as Aston Martin and indeed, McDonalds.

Pundi X reported that Korea is one of four countries to which it will next month beginning shipping pre-orders for its new XPOS device, which carries support for credit and debit card payments as well as multiple cryptocurrency transactions. While sharing more details about the partnership, Danny Lim, Co-founder and CFO of Pundi X, stated:

“Korea is a key market for the deployment of cryptocurrencies and, it of course follows, for Pundi X. We are very pleased by the level of interest shown by Korean merchants and consumers. But we are confident that with the backing of an organisation with as many links to global business as AMCHAM and strategic counsel from our key advisor Jeffrey Jones that this development will be an important milestone, not just for our presence in Korea but globally, too.”

The partnership with AMCHAM comes less than two months after Pundi X launched its buy-back program for company holdings in NPXS tokens. Pundi X CEO and co-founder, Zac Cheah, claimed that the buy-back would fund a Partnership Reserve Fund to continue the company growth and development after the high interest in its devices from the global retail sales market.

Lim continued,

“Korea is a key market for the deployment of cryptocurrencies and, it of course follows, for Pundi X. We are very pleased by the level of interest shown by Korean merchants and consumers.

“But we are confident that with the backing of an organisation with as many links to global business as AMCHAM and strategic counsel from our key advisor Jeffrey Jones that this development will be an important milestone, not just for our presence in Korea but globally, too.”

About Pundi X

Pundi X is a multi-cryptocurrency point-of-sale (“POS”) solutions provider for retail stores seeking to accept digital currencies in the world. Pundi X POS enables shops, cafes and convenience stores to facilitate cryptocurrency transaction for the average consumers. Pundi X builds on the success of Pundi-Pundi, one of Indonesia’s popular QR code cashless payment apps, has already signed up more than 100,000 registered users and over 600 merchant partners in Jakarta in less than a year of operation.

To build a better cryptocurrency ecosystem in different countries, Pundi X is a founding member of XPOS Consortium and Indonesian Blockchain Association. The company is also a member of Singapore Fintech Association, Fintech Association of Hong Kong, ACCESS, and Swiss Finance and Fintech Association.

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