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Pundi X successfully completed its integration support for Verifone X990 to enable crypto payments in traditional POS terminals

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Leading provider of blockchain-powered devices Pundi X has successfully completed integration support of its XPOS module on X990 made by US-based Verifone, one of the largest providers of traditional point-of-sale (POS) terminals in the world, to allow a wider network of retailers to accept payments in cryptocurrencies. With this integration, shops and retail outlets using the Verifone X990 with XPOS module activated will now be able to process cryptocurrency payments alongside traditional transactions.

The XPOS module enables the Verifone X990 to accept leading cryptocurrencies such as BTC, ETH, BNB, KCS, KNC, XEM and NPXS as payment options. Customers may also easily top up or spend cryptocurrencies at any retailer with the Pundi X Verifone X990 installed. “Our mission of making blockchain technology and cryptocurrencies accessible to everyone has just taken a huge leap forward thanks to our partnership with Verifone,” said Zac Cheah, Co-Founder and CEO of Pundi X. “With our XPOS software in Verifone’s POS terminals, consumers will be able to experience safer and more seamless transactions using all major cryptocurrencies.”

“We’re excited to work with Pundi X in integrating its innovative technology within our devices,” said Yiannos Papadopoulos, Asia Pacific President, Verifone. “Having blockchain technology in the X990 will revolutionize how our partner retailers transact with a new generation of customers carrying cryptocurrencies.”

Seamless crypto transactions as easy as buying bottled water

VeriFone X990 is VeriFone’s latest Android-based point of sale terminal. Through the XPOS module installed, the Verifone X990 will function just like the XPOS, as all of its features will be installed in the traditional terminals. Consumers with Pundi XPASS cards or the XWallet app will be able to transact with retailers using the X990 just as they would with XPOS partner merchants. The XPOS will automatically provide an exchange rate between fiat and cryptocurrencies during the transaction, making it as seamless as possible for both consumers and merchants. The XPOS integration is an essential step to link the Pundi X payment ecosystem with one of the most extensive payment networks in the world. To have XPOS module in X990 and other upcoming Android-based POS models, merchants will be required to contact their local VeriFone or Pundi X distributors for installation.

Verifone consistently ranks among the top distributors and providers of POS solutions. It has shipped over 30 million products, which range from integrated POS systems to countertop and PIN pad devices, to more than 150 countries.

 

SOURCE Pundi X

Blockchain

Penta Security and R3 Announce Strategic Partnership for Digital Asset Management and MPC Technology

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Amit Ghosh, COO of R3 APAC (left) and Dr. Sim, CTO of Penta Security (right)

 

Penta Security and blockchain software firm R3 today announced that they have entered into a global strategic partnership for digital asset management and MPC (Multi-Party Computation) technology, combining Penta Security’s technologies and R3’s extensive enterprise blockchain platform, Corda.

With technology and services playing a critical role in digital asset payment and management aspects, the demand for a safer digital asset and private key management solution is dramatically increasing. The partnership brings together deep skills in MPC, blockchain key management solutions, technology development, and deployment in the finance sector via R3’s enterprise blockchain platform Corda.

As a result, Penta Security is devoted to expanding in the finance industry with its MPC technology which is based on the secret-sharing algorithm, and PALLET, an advanced key management solution for blockchain. Both parties will be heading to achieve goals through various new projects by forming a software enterprise firm, in addition to deploying Penta Security’s MPC technology on R3’s major projects.

Dr. Sim, Chief Technology Officer at Penta Security, said: “There’s no doubt that the private key to successful blockchain deployment is the most important asset. We believe Penta Security’s MPC and digital asset management technology can provide an ideal key protection solution for both blockchain and digital asset key protection. By diversifying our offerings through strategic partnerships, we’re excited to be devoting our expertise in the evolving blockchain scene.”

Cathy Minter, Chief Revenue Officer at R3, said: “The creation of a new market, powered by digital assets, is one of the most exciting promises of blockchain technology. Coupling our Corda platform with Penta Security’s MPC technology will be one step closer to addressing the industry demand for secure digital asset management. We are proud to be partnering with Penta Security to deliver an industry-leading solution and look forward to them achieving continued success in the future.”

 

SOURCE Penta Security Systems

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Blockchain

FiO Fixes Wine, Gaming and Fitness Industry Pain Points

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Innovative SaaS platform FiO is expected to release details on how its blockchain-onboarding service solves long-existing problems in wine provenance, online gaming and fitness tracking next week.

FiO merges the latest blockchain technology and GPG encryption with existing ledger software to create easy-to-use decentralized solutions for conventional businesses.

The company’s FiO software boasts a conventional form factor and simple templates to create a painless experience for non-technical users. Only 3 simple onboarding steps are required: user registration, service selection and finally, a connection to their API.

FiO’s “plug & play” technology aims to fix inherent issues that have long plagued traditional industries. For example, with counterfeit wines a multi-billion dollar problem, FiO enables a reliable and immutable traceability platform for wine products as they make their way from the vineyard to the consumer.

Through FiO’s simple blockchain tool, users can create a robust decentralized ledger and shareable digital certification pertaining to a wine’s appellation, winemaker, vintage year and shipping and storage. This enhanced ability to record the production, obtaining and selling of wine should foster greater trust between producers, distributors, resellers and collectors.

In recent years the fitness industry has seen a boom in wearable, biometric devices that track the end-user’s fitness regime and health vitals. FiO allows fitness gyms to integrate AI-enhanced features without compromising customer privacy. Gym users can consolidate their health and fitness training data from wearables, equipment and even medical service providers in one location, import token economy items and connect with social fitness influencers and networks.

The gaming industry, currently worth $150 billion per year, is predicted to double in value by 2022, with an increasing demand for B2B game development solutions that build and manage in-game item economies.

Until now, players could only trade and sell their virtual items directly or on third-party websites, with little protection against fraud, hacking and theft.

With FiO, game developers can now facilitate the easy and secure transfer of in-game items and rewards between players through their existing wallets. This increased functionality and fungibility of gaming rewards through blockchain will likely attract new players to the industry.

FiO made it clear that its platform is highly flexible and its benefits can be applied to nearly any conventional businesses. The company, currently in its final fundraising round, welcomes interested parties to get in touch.

 

SOURCE FiO

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Blockchain

Crypto Earn: Now Earn 8% p.a. on EOS Deposits

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Crypto Earn: Now Earn 8% p.a. on EOS deposits

 

Crypto.com, the pioneering payments and cryptocurrency platform, announced today that it has added EOS to Crypto Earn, allowing users to enjoy up to 8% p.a. on their deposits.

In addition to having EOS available in Crypto Earn, deposit and withdrawal of EOS is also enabled on the Crypto.com App.

EOS.IO is a free, open-source blockchain software protocol that provides developers and entrepreneurs with a platform on which to build, deploy and run high-performing blockchain applications. It is currently supporting over 260 projects.

Crypto Earn now supports 16 coins including BTC, ETH, LTC, XRP, BNB, TUSD, PAX, USDC, MCO, BAT, LINK, CRO, MKR, DAI, PAXG with the addition of EOS. Interest is paid out weekly in the coin deposited with flexible, 1-month or 3-month terms available. Users earn more by staking at least 500 MCO.

Note: For the U.S. users, both deposit and withdrawal of EOS and Crypto Earn deposit in EOS are initially available in 38 states: AlaskaArizonaArkansasCaliforniaColoradoDelawareFloridaIllinoisIndianaIowaKansasKentuckyMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNorth DakotaOhio, Oklahoma,  PennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaWest VirginiaWisconsin, and Wyoming.

 

SOURCE Crypto.com

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