- Users can now delegate validators of choice
- Pundi X is creating many partnerships for their XPOS
- Partnership will help improve cross-chains
Wanchain has announced that Pundi X will run a validator on its proof of Stake Platform.
The EVM-based cross-blockchain platform Wanchain announced via a Medium blog post on October 16, 2019, that validators started setting up nodes beginning on August 20, 2019, over a two-week setup and preparation period. The partnership with Pundi X will now enable users to delegate their WAN to the Validators of choice.
Connect Different Blockchains
Wanchain runs an infrastructure that connects different digital assets to create a super financial market. The infrastructure cross-chains smart contracts built on its blockchain to continually seek to connect different blockchains to exchange value. Pundi X leverages Ethereum blockchains to enhance cryptocurrency payments or transactions.
Wanchain has a multi-asset wallet called WAN that enables customers to perform token management functions like transfers in public and private transactions. The infrastructure allows users to exchange assets on-chain with minimal counterparty risk and build decentralized exchange applications like Ether Delta. The partnership may allow Wanchain to extend its accessibility to the public through the point-of-sale (PoS) of Pundi X.
Last August, the MakerDAO Stablecoin (DAI) announced its partnership with the Pundi X payment ecosystem making it usable on the XWallet, with the XPASS card – which is equipped with the NFC system – and the XPOS device, the first point-of-sale system using blockchain technology.
Improve Cross-Chain Technology
The partnership would focus on four Latin America countries and would give their citizens the opportunity to use cryptocurrencies without worrying about volatility. The use of cryptocurrencies in Venezuela spiked in the last couple of months, while Argentina was also experiencing a similar situation with its Metro system beginning to accept top-ups with Bitcoin. During the launch, Pundi X Co-Founder and CEO Zac Cheah had stated:
“Having a Stablecoin like DAI on our platform has been requested by our community for some time […] we are very pleased to onboard a Stablecoin with such an established reputation as DAI to our financial ecosystem.”
Cryptocurrency payment solutions provider Pundi X created XPOS, a point-of-sale solution ecosystem in 2018 and started its mass production and to date, they have been shipped to at least 30 countries. The latest update by Wanchain follows a partnership that was inked last May for Pundi X to extend its distributed financial infrastructure focusing on transactions in physical retail outlets.
The new partnership will enable the two firms to continue improving their cross-chain technology to improve the experience of transacting using multiple currencies across different blockchains.