Pundi X, a cryptocurrency point-of-sale (POS) solution provider and Coinnest, the fourth largest cryptocurrency exchange platform in Korea confirmed that Coinnest will be the first Korean cryptocurrency exchange to list the PXS token and issue 300,000 Pundi X PASS cards, the NFC-enabled physical multi-currency (fiat and cryptocurrencies) wallet.
Owners of the Pundi X PASS card can load cryptocurrency onto the card through the Pundi X mobile app or via a Pundi X POS device. Card owners can use the physical card to complete transactions without the need of their mobile phones, laptops or other devices.
Over 500,000 accounts have registered with Coinnest since its launch. The exchange offers one of the most extensive selections of cryptocurrencies in Korea, including BTC, BCH, BTG, BCD, ETH, ETC, WTC, HSR, QTUM, NEO, INK, TRON, TSL, ENT, ADA, GAS, MCO, KNC, BT2, BT1, and others.
[perfectpullquote align=”full” bordertop=”false” cite=”Xander Kim, CEO of Coinnest” link=”” color=”” class=”” size=””]”Pundi X’s solution allows people who have little or no access to cryptocurrency easily conduct transactions. We are excited to the first exchange platform to introduce Pundi X PASS Card and lower the technical threshold of trading cryptocurrency.”[/perfectpullquote]
Pundi X introduced its blockchain-based POS solution with the goal of bringing cryptocurrencies to mainstream adoption. This solution enables physical store owners to use either cryptocurrency or fiat money to complete transactions on the blockchain. The company aims to solve the last mile challenge of cryptocurrency transactions and bringing cryptocurrency into daily life.
[perfectpullquote align=”full” bordertop=”false” cite=”Zac Cheah, CEO, and Co-founder of Pundi X” link=”” color=”” class=”” size=””]”While the Korean cryptocurrency exchange platforms contribute a significant amount of trading volume, interest in Pundi X POS solution is very high in South Korea. PXS listing and Pundi X POS solution deployment with Coinnest are the significant steps for us to enter Korean market. This helps Pundi X to accelerate our market penetration.”[/perfectpullquote]
Pundi X successfully completed its public token sale on January 21, 2018. The company reached its hard cap of 35 million USD in less than 90 minutes. It proposes to install at least 100,000 Pundi X POS devices over the next three years across all of its target markets.