France-based payment company Ingenico reportedly teamed up with crypto startup Pundi X to jointly introduce a crypto-enabled, customer-focused payment receiving feature via smartphones.
Specifically revealed on November 12, Pundi X has successfully finished the integration process, between its point-of-sale payment gateway (XPOS), and Ingenico’s mobile portable POS product APOS A8. This initiative will enable users of APOS A8, on a global scale, to use numerous digital coins to pay for their transactions.
Particularly, an installed XPOS module in an Ingenico POS terminal will reportedly provides facilitation for different types of digital coins as means of payments, including Bitcoin (BTC), Ether (ETH), Binance Coin (BNB), NEM (XEM), QTUM, along with a few other crypto coins available in the Pundi X payment ecosystem.
The Pundi’s XWallet smartphone app, or the physical multi-currency crypto card – XPASS – will be the 2 primary transaction processors following the introduction of the new update. Ingenico further notified that POS devices also come with a fiat-to-crypto conversion feature, which is instantly available when in retail outlets.
Marcus Low, senior VP at Asia Pacific of Ingenico Group, believed that the initiative will contribute to the recognition of cryptocurrency as a trustworthy international means of payment.
Zac Cheah, co-founder and current head of Pundi X, also claimed that the new update will help accelerate the adoption rate of crypto and blockchain.