SINGAPORE, Nov. 2, 2022 /PRNewswire/ — It is plain that Net 3.0 use instances resembling NFTs and cryptocurrencies are on the rise at the moment. A survey carried out earlier this 12 months by administration consulting firm Deloitte discovered that almost 75% of retailers are planning to accept either cryptocurrency or stablecoin payments inside the subsequent two years. 87% of retailers broadly agree that organizations accepting digital currencies have a aggressive benefit available in the market. In reality, 93% of those that at present settle for cryptocurrency as a cost instrument have already seen a optimistic affect on their enterprise’s buyer metrics, resembling buyer base development and model notion, they usually count on this to proceed subsequent 12 months.
To assist speed up mainstream Net 3.0 adoption, blockchain options startup Pundi X is happy to announce the discharge of XPOS Net 3.0 in Singapore Fintech Pageant 2022. This new function builds off the XPOS, which is a singular point-of-sale machine enabling brick-and-mortar retailers to simply accept crypto funds and transact on the blockchain. With the XPOS, bizarre retailers can settle for high cash like Bitcoin and Ether with only a scan of the QR code or a faucet of a NFC enabled card.
The XPOS Net 3.0 offers an thrilling new spin on the unique XPOS’ distinctive proposition. It is because the XPOS Net 3.0 will assist a number of blockchain networks together with Bitcoin Lightning Community, Binance Sensible Chain, Ethereum, Polygon, and Avalanche.
With the cross-chain capabilities of XPOS Net 3.0, customers should purchase and pay for all kinds of crypto with their blockchain wallets. For instance, the brand new Cashier Professional operate accepts BTC, ETH, BNB, and USDT crypto funds from third social gathering wallets supporting their related blockchain networks.
But, XPOS Net 3.0 is nice for extra than simply particular person use instances. Retailers will be capable of use the p(x)Change dApp powered by Operate X expertise to attach their blockchain wallets to simply accept crypto funds and promote crypto by way of a number of blockchain networks.
Lastly, XPOS Net 3.0 doubles down on its dedication to allow straightforward Net 3.0 transactions by introducing the p(x)Card, a Close to Discipline Communication (NFC)-empowered {hardware} pockets card developed collectively with famend semiconductor producer Infineon. The NFC expertise facilitates safe and environment friendly two-way communication in a transaction and ensures that transacting with crypto is as straightforward as swiping a card.
The launch of XPOS Net 3.0 hopes to be a game-changer in enabling decentralized funds that give individuals again management over their property. One of many largest attracts to Net 3.0 digital property like crypto and NFTs is that knowledge concerning possession is saved on blockchains slightly than non-public corporations. The thought is that customers will be capable of resolve on their very own who they share their knowledge with, the extent of entry granted, and till when this knowledge ought to be shared.
“We see our work with the XPOS Net 3.0 as an enormous step in revolutionizing what we personal,” concluded Pundi X CEO and co-founder Zac Cheah. “With the XPOS Net 3.0 as our contribution to the web3 motion, it should definitely be attention-grabbing to see how this expertise will change our lives within the coming years.”
Pundi X will showcase the XPOS Net 3.0 on the Blockchain Affiliation Singapore Pavilion throughout Singapore Fintech Pageant from November 2-4 2022.
About Pundi X
Primarily based in Singapore, Pundi X was based in 2017 with the purpose of harnessing the ability of blockchain expertise to make a safer and financially inclusive world. The corporate is accountable for growing the XPOS, a point-of-sale good system that permits brick-and-mortar shops to transact on the blockchain. The corporate at present has workplaces in Jakarta, São Paulo, Seoul, Taipei, and Tokyo.
Pundi X has additionally been chosen as one of many high 50 Modern Fintech Startups in 2018 by KPMG and H2 Ventures, cool distributors in blockchain enterprise by Gartner, and high 10 fintech leaders by Singapore Fintech Affiliation.
For extra info, go to https://www.pundix.com
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SOURCE Pundi X
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