A seemingly lucrative strategic partnership has been formed between the American Chamber of Commerce Korea (AMCHAM) and Pundi X (NPXS). The deal will see the Pundi X blockchain-focused point-of-sale solutions be promoted to AMCHAM members, primarily multinational corporate figures operating in South Korea.
Taking form as a Memorandum of Understanding (MoU), the partnership dictates that AMCHAM will introduce, support and promote Pundi X solutions directly to its 1,800 members, which includes global mainstays McDonald’s and Aston Martin.
The MoU was revealed alongside the new Pundi XPOS in Seoul, South Korea last week. The device will support debit and credit card payments parallel to multiple cryptocurrencies.
Pundi X co-founder and Chief Financial Officer Danny Lim said:
Korea is a key market for the deployment of cryptocurrencies and, it of course follows, for Pundi X. We are very pleased by the level of interest shown by Korean merchants and consumers.
The Pundi X point-of-sale solution allows merchants and small-to-medium retail businesses, such as cafes and convenience stores, to support cryptocurrency payments by customers. It is seen as the cryptocurrency evolution of Pundi-Pundi, a QR-based cashless payment app popular in Indonesia and utilized by over 600 merchant partners after just one year.
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