DoshEx Partners with Pundi X to Increase Crypto Adoption in South Africa
According to a recent report, DoshEx has collaborated with Pundi X technology in order to enhance the adoption of crypto in South Africa.
Digital Asset Exchange
South-Africa based Digital Asset Exchange, DoshEx, and Pundi X, a globally recognised blockchain based payment pioneer have entered into a partnership which is expected to expose virtual currency to high street retailers and local consumers.
The retail market in South Africa, XPOS, XPASS cards for virtual currency transactions, the Pundi X blockchain-based point-of-sale devices are set to be distributed to specific sites within the country in a co-branded roll-out with DoshEx.
With point-of-sale technology which is blockchain-driven, traders will be able to digitise their payment infrastructure on the blockchain while consumers perform their business in digital currency in a swift, comfortable, and efficient manner.
Cryptocurrency transactions that are carried out across the Pundi X payment ecosystem are done using a stress-free method which enhances financial inclusion as XPASS-holders will have their own financial history of the transactions on XPASS card and the associated XWallet app without having to own bank account.
Due to this, the process is similar to a credit card transaction, the exchange is hoping for a high rate of adoption and to perform a transaction, the XPASS card is touched to an XPOS device.
CEO and Co-founder of Pundi X Labs, Zac Cheah stated that:
“XPOS is the easy, affordable access point into crypto for mainstream retailers and consumers. Many big businesses already access the crypto benefits of trusted record-keeping transactions. Now, an XPASS card loaded with crypto enables ordinary people to embrace the crypto-future, including millions of unbanked South Africans.”
He went further to say that:
“Our partnership with DoshEx enables us to tap into the early-adopter market at pace as this Bryanston-based innovator has a proven track record as a digital exchange and developer of blockchain-based solutions for leading corporates, including the South African arm of Virgin Money.”