The Singapore-based Pundi X has announced that the platform has accomplished registration with FINTRAC. The company has been allowed by the regulatory authority to carry out its money-related business within the jurisdiction of Canada. Following getting approval from the Canadian regulator, the firm is permitted to offer its services within the country.
Canadian FINTRAC Authorizes Pundi X to Offer Financial Services in Canada
This move plays the role of a landmark in the advancement endeavours taken by the platform. Zac Cheah (the co-founder and CEO of Pundi X Labs) expressed his comments on this achievement. He stated that the registration will allow the company to provide exclusive payment solutions based on the latest blockchain technology in Canada. As a result of this, the people living in the country will be able to avail the of convenient as well as rapid payment services.
The executive mentioned that blockchain technology will potentially revolutionize payment procedures. Along with this, he added, the registration will lead to the arrival of unique financial technology to the market of Canada. Moreover, this would pave the way for the worldwide adoption of crypto and blockchain technology around the world. In this way, the firm will be assisted a lot in achieving its long-term vision and objectives to facilitate more and more people.
The authorization from FINTRAC enables Pundi X to run as a platform providing financial services to the citizens of Canada. In addition to this, the firm can also offer services dealing with digital currencies and payment processing. The platform says that it is determined to abide by the entirety of the relevant regulations. It also intends to guarantee the user-friendliness, dependability, and security of the services provided by it.
Platforms Eyes to Expand Crypto and Blockchain Adoption by Assisting Individuals and Businesses
Cheah disclosed that the firm will do its best to let its consumers avail of the finest payment solutions based on the Web3 sector. Apart from that, the executive also expressed that the people living in Canada will receive the project and its services positively. In his words, the firm will work in collaboration with the individuals and businesses operating within the country. He considers that such efforts would help them organize their crypto-related payment procedures as well as leverage blockchain technology to revolutionize.
