Pundi X and DoshEX to Bring Crypto Card Machines to South Africa

South African cryptocurrency Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term DoshEX announced this Monday that it is partnering with Pundi X to provide point-of-sale (PoS) cryptocurrency payments.

A payments system developer, Pundi X sells PoS cryptocurrency machines. The firm also has cards, which it calls XPASS cards, that can be used to make purchases in cryptocurrency.

To facilitate Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term with those cards, the payments company also offers a cryptocurrency wallet that can be accessed and topped up with via a mobile application.

This means that a user could, potentially, use the company’s solutions in much the same way Brits have embraced challenger banks, with prepaid cards and mobile accounts, such as Monzo and Revolut.

"Many big businesses already access the crypto benefits of trusted record-keeping transactions,” said Zac Cheah, the chief executive officer (CEO) and co-founder of Pundi X Labs.

“Now, an XPASS card loaded with crypto enables ordinary people to embrace the crypto-future, including millions of unbanked South Africans.”

Pay with a tap

In order to make a payment with one of Pundi X’s PoS systems, a user simply taps their XPASS card on the machine. The machines can also be set up to accept fiat currencies.

Customers can get an XPASS card from Pundix X but any retailer that orders one of the crypto firm’s PoS systems can also provide cards to their customers.

The partnership with DoshEX means both brands will play a role in bringing the payments systems to the South African market.

"The ability to readily transact in crypto is a vital step in digital currency development. Soon it will be the norm for the public to buy, hold and sell crypto,” said DoshEX CEO Alex de Bruyn.

“Borderless transactions and transfers will be easy, without the high costs traditionally associated with these activities.”