Pundi X has started a strategic partnership with DoshEx to bring more XPOS machines to South Africa. The goal is to bring cryptocurrency to high street retailers and local consumers.
This week, Pundi X, a global blockchain-based payment pioneer, announced that is started a strategic partnership with DoshEx to bring crypto to South Africa. DoshEx is a South African Digital Asset Exchange.
The partnership with DoshEx brings Pundi X closer to its goal: to bring in the next billion new crypto users and allow them to buy, sell, use cryptocurrency anywhere and anytime. Alex de Bruyn, CEO of DoshEx, said about the news:
“Our objective is to rapidly build South Africa’s first point-of-sale cryptocurrency network. This is why we partnered with Pundi X.”
According to a joint press release, the two companies will introduce the XPOS point-of-sale-systems and XPASS crypto cards to South African markets. To start, the technology will be rolled out across a variety of locations, including kiosks and retail stores.
Zac Cheah, CEO and Co-founder of Pundi X Labs, said:
“Many big businesses already access the crypto benefits of trusted record-keeping transactions. Now, an XPASS card loaded with crypto enables ordinary people to embrace the crypto-future, including millions of unbanked South Africans. Our partnership with DoshEx enables us to tap into the early-adopter market.”
Merchants will install XPOS readers and distribute XPASS cards to buyers. The XPASS cards pre-loaded with cryptocurrency, allowing users to make easy transactions on the blockchain without needing a bank account.
