Pundi X, a cryptocurrency payments startup company, has announced that it has launched a payments system which accepts both traditional debit and credit cards, as well as crypto payments. This innovative integration was done using a VeriFone point of sale device, which is used by a large number of retailers in America and across the world.
According to a press release, Pundi X succeeded to run the XPOS crypto payments module onto the X990 Android point of sale device. As a result, merchants will now be able to accept both forms of payments without requiring multiple devices.
This solution promises to support a variety of cryptocurrencies, including Bitcoin, Ether, Binance Coin, and more. Crypto to fiat conversion will be automatically carried out by the device on each transaction. Users can make crypto payments using the XWallet app or the Phndi XPASS card. It is expected that once the solution has grown in popularity, more of the best crypto wallets will also be accepted.
Verifone, the provider of the device, has an estimated 35 million devices located in 150 countries. The company generated a revenue of close to $2 billion annually. Whilst there is currently limited availability of this new breed of POS devices, crypto users can already purchase goods using Bitcoin today.
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