An altcoin project aiming to commercialize the use of cryptocurrencies has partnered with the biggest brand in the market. Binance Pay has announced its integration to support crypto transactions in a new announcement.
Binance Pay announces new altcoin partner
Binance Pay’s new partner, Pundi X (PUNDIX), announced its collaboration with Binance’s payment system. This partnership will bring Binance Pay, Binance’s payment service, to Pundi X’s XPOS devices, making it easier for thousands of merchants in 30 countries to accept cryptocurrency payments.
Powered by the largest crypto exchange Binance, Binance Pay allows users to easily manage their cryptocurrencies and complete transactions from their account. It also has built-in security features such as multi-signature support and secure key management to help secure users’ funds. The global payment method system will make Pundi X available to millions of investments. The size of the Binance brand helped PUNDIX price rally in double digits for a short period of time.
Pundi X (PUNDIX) price rises in double digits
The PUNDIX price gained over 20% at one point after the news. Selling at $0.74 led to a moderate correction. PUNDIX is currently trading in the green 11% over the last 24 hours. It peaked from $0.5554 to an intraday low of $0.744.
Pundi X CEO and Co-Founder Zac Cheah said in his statements about the partnership:
The partnership highlights our commitment to making crypto transactions accessible to everyone. Binance’s influence in the crypto market makes this partnership a great opportunity to bring more users and investors to the Blockchain ecosystem.
What is Pundi X? Why is it different from other projects?
Pundi X’s XPOS devices are deployed in more than 30 countries, from Turkey to Brazil and Japan. As a state-of-the-art point-of-sale solution, it offers its customers a seamless transaction experience by offering individual users operating in the real place the ability to accept cryptocurrency payments. As a result, XPOS has become a truly widely used Blockchain-based point-of-sale solution worldwide.
Headquartered in Singapore, Pundi X was founded in 2017 to leverage the power of Blockchain technology to create a more secure and inclusive world. The company is responsible for developing XPOS, a point-of-sale smart device that allows real-world stores to transact on the Blockchain.
Pundi X was also named one of the Top 50 Innovative Fintech Startups of 2018 by KPMG and H2 Ventures, brand vendors in the Blockchain industry by Gartner, and the top 10 fintech leaders by the Singapore Fintech Association.
Binance announcements of the day
cryptocoin.com As we have reported, Binance has released new listing and integration announcements for 6 altcoin projects today.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.