Traki, Venezuela’s largest department store is set to install blockchain enabled cash registers in 49 of its outlets, all powered by Pundi X.
Announced August 22 by Traki, the firm will offer point of sale (POS) devices in order to provide a cryptocurrency payment option for its customers. The partnership means that Pundi X will integrate their XPOS terminals into all 49 retail stores.
The XPOS has been geared toward ‘Empowering blockchain developers, token holders, merchants and consumers to transact in digital currency at any physical store in the world. Making digital currency accessible to everyone.’
The Singapore based crypto firm have already made great strides and is freely available in on over 30 countries to date. The company aims to maintain expansion by selling and installing 100,000 XPOS devices over the next 2 years.
The XPOS is part of an interlinked crypto ecosystem which consists of the Xwallet, XPASS and Function X, all of which strive to seamlessly allow and increase adoption of crypto payment solutions.
CEO of Pundi X, Zac Cheah said of the recent announcement, ‘We made the XPOS with the mission of creating real-life use cases for blockchain technology, and this couldn’t be better represented than Traki shoppers paying for their daily needs with cryptocurrency.’
The sentiment was mirrored by Traki’s Chief of Crypto Assets Department, Michael Gomez, ‘At Traki, we aspire to offer the most convenient options for our customers, and cryptocurrency has proven to be an effective payment solution.’
The latest development means that payments will be available against Bitcoin, Ethereum, Binance Coin and Pundi X’s NPXS & NPXSXEM tokens, all through the the XPOS payments system.