Pundi X integrates NEM blockchain to Bring Cryptocurrency Payments Into Retail Stores

POS Solutions Provider to Launch on Blockchain to Benefit Merchants and Consumers

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Pundi X, a cryptocurrency point-of-sale (“POS”) solutions provider for retail stores seeking to accept digital currencies in South East Asia, today announced their successful integration into the NEM Blockchain. With the new change, every Pundi X POS device can be connected to both the Ethereum and NEM Blockchains, enabling consumers to easily buy or sell cryptocurrencies (BTS, ETH, XEM, LTC, PXS tokens) using fiat money (Dollars, Rupiah, Baht, etc.), bank card, mobile wallet or with a Pundi X Pass. –

XEM is the world’s tenth largest cryptocurrency, according to coinmarketcap.com, with a market capitalization of US $1.6 billion. NEM’s technology is currently employed by a variety of financial institutions and industries. When considering demand and trade volume, NEM also boasts being one of the most popular altcoins in Japan.

“By using NEM’s Blockchain solution, we can confirm transactions instantly, which enables us to lower the exchange risk and provide a better user experience,” said Zac Cheah, CEO of Pundi X. “Moreover, Pundi X can now focus on rapid expansion to new markets thanks to our inclusion in the NEM network.”

“We are working to achieve mass adoption of the NEM protocol through sovereign fiat money issuance, financial settlements, payments, trade finance, stock markets, forex and other applications. The Pundi X business matches this goal because it makes cryptocurrencies more accessible for people to use in their daily lives,” commented Lon Wong, President of NEM.io Foundation. “NEM is very easy to implement. For example, it took only one day to make the Pundi X system work on the NEM Blockchain for both the private and the public chains.”

Pundi X public token sale is November 20, 2017, with the white list application closing at 10:00 GMT+8 on November 19. To learn more, please visit https://pundix.com/.

NEM.io Foundation Ltd. is a non-profit organization based in Singapore, set up to promote NEM’s Blockchain technology globally. It is currently one of the most well-funded and successful Blockchain technology projects in the cryptocurrency industry. NEM’s technology is currently being utilized in a variety of financial institutions and industries.

For more information, please visit: www.nem.io

About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), partner at ICO services collective CryptoAsset Design Group ($500m+ and 50+ ICOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur.

He sits on the advisory boards of some two dozen Blockchain startups
and has written over 1500 articles on Blockchain technology and
startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat

Ad honorem - Honorary Ph.d - Chair Professor of Blockchain at
China's first Blockchain University in Nanchang at the Jiangxi Ahead
Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business
Automation 4.0 programme. Chevalier (Knight) - Ordre des Arts et des
Technologies at Crypto Chain University and on advisory board of Advisory Board Member of International Decentralized Association Of Cryptocurrency And Blockchain (IDABC) as well as Advisory Board Member at U.S. Blockchain Association.

Over a half a decade experience judging and rewarding some 1000+
innovation projects as an EU expert for the European Commission's SME
Instrument programme as a startup assessor and as a startup judge for
the UK government's Innovate UK division. Kastelein has spoken
(keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, San Mateo, San Francisco, Santa Clara, Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich

His network is global and extensive. He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe

He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.

A journalist by trade, an entrepreneur and adventurer at heart,
Kastelein's professional career has ranged from political publishing to
TV technology, boatbuilding to judging startups, skippering yachts to
marketing and more as he's travelled for nearly 30 years as a Canadian
expatriate living around the world

In his 20s, he sailed around the world on small yachts and wrote a
series of travel articles called, 'The Hitchhiker's Guide to the Seas'
travelling by hitching rides on yachts (1989) in major travel and
yachting publications. 

He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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3 COMMENTS

  1. Quite a very good block chain NEM for delivery of payments for crypto-currencies to retail stores

  2. I hope the NEM block-chain for the delivery of payments for crypto currency will soon be working in the territory of Russia in retail stores

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