Yesterday, Ingenico
announced that it has partnered with Singaporean firm Fintech Pundi X to integrate cryptocurrencies and blockchain with its Point of Sale (POS) terminals. Pundi X’s ‘XPOS’ software will allow merchants using the devices to accept over 13 cryptocurrencies as payment.
Ingenico offers payment solutions for online, in-store, and mobile commerce. With a market cap of $6.8 billion, it operates 30 million terminals in over 170 countries. The firm boasts an acceptance network of more than 1000 banks and acquirers, plus produces contactless terminals for public transport. The APOS A8 payment device is the most widely sold Android POS, and, thanks to Pundi X, will now accept cryptocurrency.
Customers using Pundi X’s XWallet app or XPASS physical card can purchase directly with crypto from a merchant using an Ingenico device with XPOS installed. It accepts
Bitcoin (BTC), Ethereum (ETH),
Binance Coin (BNB), and XEM, among others. The software automatically applies crypto conversion rates at retail outlets, so transactions are settled quickly.
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