Singapore, May 9 2018 – Qtum, the first successful Proof-of-Stake blockchain, is a big step closer to mass adoption after striking a deal that will allow people to use QTUM tokens to pay for goods in shops across the world.
Qtum will soon be a household name, appearing on the first 4,000 point-of-sale devices that are about to be shipped across the world by Pundi X – a cryptocurrency solutions provider for retail stores.
The Point-Of-Sale devices will be delivered to retailers in countries including Korea, Japan, Singapore and Switzerland.
“Pundi X has the potential to deliver the final nudge that opens the floodgates to mass adoption of QTUM,” Said Patrick Dai, CEO and founder of Qtum.
“It’s time that we offered individuals the option to pick between fiat and crypto when ordering a coffee or purchasing goods. It’s fantastic to be working with Pundi X to give consumers this choice.”
Zac Zheah, CEO and Co-founder of Pundi X added: “We’re thrilled to be able to play a role in bringing cryptocurrency to the masses. A big part of our mission is pushing merchant adoption with enhanced point of sale devices. PoS cryptocurrencies such as Qtum are of particular importance in the long run, due to their reduced environmental footprint.
“We look forward to seeing an increased usage in retail.”
The Pundi X device is a game-changer in retail, enabling both merchants and consumers to do cryptocurrency-to-fiat or fiat-to-cryptocurrency transactions easily – the devices interface directly with the blockchain. Few solutions even come close to mirroring the potential that such a device has in the retail arena for pushing mainstream adoption.
The Pundi X project is the successor to Pundi-Pundi, one of Indonesia’s most prominent innovators in cashless QR code payments.
Qtum already has over 7,000 nodes across the planet, making it one of the world’s most decentralized blockchains.
Qtum is the first UTXO-based smart contract system with a proof-of-stake consensus model. The platform use Account Attraction Layer to combine Bitcoin Core and Ethereum Virtual Machine. Proof-of-stake model reduces the computational difficulty in the network and increases scaling possibilities. Developers have deployed by more than 50 decentralized applications across a broad spectrum of sectors. Qtum’s independent blockchain aims to bring smart-contracts technology to mobile and connected devices, to minimize the gap between blockchain and commerce. On Dec. 28, 2017, Qtum and Baofeng, the largest video-hosting portal in China, announced a partnership to transform the music and movie industry. As of January 2018, Qtum posts a market valuation of over US$5 billion. For more information, please visit: http://www.qtum.org
About Pundi X
Pundi X is a multi-cryptocurrency point-of-sale (“POS”) solutions provider for retail stores seeking to accept digital currencies in the world. Pundi X POS enables shops, cafes and convenience stores to facilitate cryptocurrency transaction for the average consumers. Pundi X builds on the success of Pundi-Pundi, one of Indonesia’s popular QR code cashless payment apps, has already signed up more than 100,000 registered users and over 600 merchant partners in Jakarta in less than a year of operation.
To build a better cryptocurrency ecosystem in different countries, Pundi X is a founding member of XPOS Consortium and Indonesian Blockchain Association. The company is also a member of Singapore Fintech Association, Fintech Association of Hong Kong, ACCESS, and Swiss Finance and Fintech Association.
For more information, please visit https://pundix.com/.