Pundi X has announced it is deploying around 1,000 X POS devices to Brazil after it signed a partnership agreement with BitCapital, an OTC Service provider in the country.
BitCapital is one of the respected OTC dealers in the country and now designing a payment protocol that will ease crypto-to-fiat deals and make it seamless as well.
This is no doubt a good news for Verge (XVG), NEM (XEM), and Stellar (XLM) which were recently integrated into Pundi X POS.
The CEO and Co-founder said Pundi X who spoke about the development said the region is now well known as a center of cryptocurrency adoption. He said that the Brazilian market is good for crypto with more possible expansion as time goes on.
Ever since Pundi X launched in South America, the platform has been doing fantastic in bringing crypto to every corner of the region.
Few days ago, Pundi X also announced it partnered with Manticora Capital to distribute Pundi X XPOS across the country.
Pundi X’s decision to coast the whole of South America is no doubt going to help in cryptocurrency expansion.
At the moment, crypto enthusiasts are preaching for mass adoption. The like Ethereum’s Vitalik Buterin have suggested that Bitcoin ETF is not the solution to the market issue, however, he posited that when small shops in country corners start using crypto as payment option, the price market will witness price upsurge every time.
However, Pundi X is one of the few crypto platforms preaching and leading by examples when it comes to cryptocurrency adoption. It is believed that with this kind of acceptance, the cryptocurrency platform will drive more users to the crypto arena.
Meanwhile, TokenPay also preached for cryptocurrency adoption. The company holds that cryptocurrency is not meant to be HODLed, but to be transacted with.
Image Credit: Verge Insider.