CAPE TOWN, SOUTH AFRICA / ACCESSWIRE / July 18, 2024 / Pundi X, a global leading blockchain developer, has launched an innovative crypto payment solution, the Pundi X Pay for merchants. This innovative solution is set to transform the landscape of physical store crypto transactions with the omni QR code payment layer, making it easier for merchants and customers to embrace cryptocurrency payments.

Tapping into a Growing Market

Using crypto for payments is on the rise globally. This is indicative of a progressive crypto adoption. According to a recent Juniper Research analysis, worldwide spending on QR code payments would exceed $3 trillion by 2025. With Pundi X Pay InStore QR Code, merchants can tap into this growing market, offering their customers a seamless and secure way to pay using their preferred cryptocurrencies and blockchain networks.

Driving Crypto Payment Adoption in Physical Stores

The introduction of Pundi X Pay InStore QR Code is a significant step towards increasing cryptocurrency payment adoption in physical stores. By offering a user-friendly and secure payment option, Pundi X is making it easier for both merchants and customers to engage in cryptocurrency transactions, thus fostering a more inclusive financial ecosystem.

Features of Pundi X Pay InStore QR Code

• Extensive Wallet Integrations: Supports over 500+ direct wallet apps with WalletConnect, Bitcoin wallets as well as Binance Pay, ensuring broad compatibility.

• Flexible Payment Options: One QR code, multiple blockchain network. Customers can choose their desired cryptocurrency, blockchain networks and wallets for crypto payments.

• Instant Digital Receipts: Digital receipts are provided directly to the store and customer upon successful transactions.

• AI-Powered Multi-Chain Transactions and Security: Powered by Pundi X AI, the system ensures seamless multi-chain transactions and enhanced security, providing an extra layer of trust and efficiency in every transaction.

"We are thrilled to introduce the InStore QR Code as part of our commitment to make crypto payment easier. Our goal is to make cryptocurrency payments accessible and convenient for everyone. With the potential transaction volume of Merchant-presented QR Code Payments expected to soar, we believe that Pundi X InStore QR Code will play a pivotal role in driving crypto adoption in physical stores. This is not just about technology; it's about empowering merchants and customers to engage in a more inclusive financial system," Zac Cheah, CEO and Co-Founder of Pundi X Labs

"The InStore QR Code feature has opened up new transaction opportunities across various market segments. Not only does it meet market demand, but it also helps us to scale the crypto payment network quickly. The ease of use and secure transactions have made it a game-changer for our retail operations," Daniel Katz, Managing Director of Ezee Solutions Group and CEO of Pundi X South Africa.

About Pundi X

Founded in 2017, Pundi X delivers web3 and AI technology to build a more secure and inclusive world. Its flagship product, the XPOS, is a blockchain-based POS platform that enables brick-and-mortar stores to transact on the blockchain. Headquartered in Singapore, Pundi X has also been selected as one of the top 50 Innovative Fintech Startups in 2018 by KPMG and H2 Ventures, cool vendors in blockchain business by Gartner, and one of the top 10 fintech leaders by Singapore Fintech Association in 2019.

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About Ezee Solutions Group

Ezee Solutions Group, the franchise operator for Pundi X in Africa, trading as Pundi X South Africa, specializes in facilitating cryptocurrency payments for physical stores and online merchants. Established to provide innovative financial solutions, Pundi X South Africa is dedicated to simplifying the adoption of cryptocurrency payments in South Africa and beyond.

With a mission to make digital payments accessible and seamless, Pundi X South Africa offers a range of services, including the rental of state-of-the-art crypto payment devices and comprehensive support for merchants. Pundi X South Africa's solutions include physical devices for in-store payments, QR code systems, and payment links for online transactions, all settled in South African Rand (ZAR).

Since its inception, Pundi X South Africa has rapidly established a strong presence in the South African market, serving respected merchants such as the South African Gold Coin Exchange, The Watch Channel, Hydraulics, and Court Order. Operating in over 100 stores, Pundi X South Africa has processed millions of Rands in transactions and thousands of successful transactions, continuing to lead the way in crypto payment solutions.

For more information, please visit https://www.pundixsa.co.za.

Media Contact:

Marjore Barros
marjore@energentmedia.net

SOURCE: Pundi X