Pundi X, the blockchain-based project focused on simplifying the process to make purchases with cryptoassets globally, announced on August 19, a strategic alliance with Manticora Capital, a leading Colombia-based ICO project advisor and investment fund.
Now, Manticora will help distribute at least 1,000 Pundi X POS devices in Colombia and South America as a whole; according to a Medium blog post by the team.
Pundi X Taking over the World
Per the Pundi X press release, the new partnership with Manticora Capital will enable the startup to effectively execute its mission of easing cryptocurrency payments in Colombia and the entire South American region, as the Medellin-based ICO investment fund would facilitate the distribution of at least 1,000 Pundi X POS machines to various businesses in the relatively crypto-friendly region.
The CEO and co-founder of Pundi X, Zac Cheah stated that in recent years, there has been pent-up demand for cryptoassets and Pundi X will help increase digital currency adoption even more, by giving investors a platform to transact seamlessly.
In his words:
“Demand for cryptocurrency has been surging in recent years, But there’s reason to believe it could even be understated due to a lack of accessible options for consumer adoption; to be part of a solution that extends its rise even further is an exciting new frontier for Pundi X.”
The Pundi X Revolution
Pundi X plans to give out its smart point-of-sale devices to retailers across the globe to enable them to accept crypto payments for goods and services.
Launched in March 2018, Pundi X is one of the very few blockchain projects that have real-life use cases. As stated in its whitepaper, the firm is poised to be the Walmart of the Blockchain ecosystem. NPXS is the native altcoin of the project, and it facilitates all transactions on the Pundi X network.
Pundi X to Ease Fiat-to-Crypto Conversions
The CEO of Manticora Capital, Ivan Correa reiterated that while the Colombian market remains dynamically a fertile ground for cryptos to thrive, people, however, find it hard to carry out crypto-to-fiat conversions and Pundi X will solve this massive drawback.
“The XPOS is the perfect answer. By rolling out the device to hundreds of retail outlets each month we’re hoping to play a role in progressively furthering the adoption of cryptocurrencies in Colombia,” said Correa.
Ranked 46 on the CoinMarketCap cryptocurrencies table, the price of NPXS currently sits at the $0.001686 price region, with a market cap of just above $163 million at press time.