JAKARTA, Indonesia, Dec. 2, 2017 /PRNewswire/ -- Pundi X, a cryptocurrency point-of-sale ("POS") solutions provider for retail stores, has received the strategic investment from Achain, a Beijing-based blockchain company. Pundi X is now officially partnering with Achain by accepting ACT for its ICO. Its POS devices, once available in the market, will also be supporting tokens from other Achain ecosystem members, including LET of Linkeye, USC of Coinfix, etc.
Achain is a public blockchain platform made easy for developers of all levels to release tokens, smart contracts, applications, and blockchain systems. It recently committed to building an all-encompassing global blockchain network for information exchange and value transactions through forking and interconnection. The Beijing-based team is developing sub-chain, BaaS, event-driven mechanism and safety isolation to make transaction safer and more stable. Backed by its robust R&D capability, Achain won China Blockchain Innovated Application Competition 2016 and China Blockchain Development Competition 2017.
"As an enabler of making cryptocurrency transaction available in physical retail stores, Pundi X will serve as an inseparable 'family member' to Achain's ecosystem. it will help tokens of Achain ecosystem tradable and spendable through the Pundi X POS devices," says Tony Cui, founder of Achain.
Pundi X aims at facilitating the smooth payment process of cryptocurrency. Its POS device allows people to buy, sell, and pay for goods and services in retail stores as well as to access to financial services. Pundi X business model is based on Pundi-Pundi, one of Indonesia's most popular QR code cashless payment apps with more than 100,000 registered users and over 5,000 merchant partners in Jakarta.
Zac Cheah, CEO of Pundi X, says "leveraging each other's expertise widens our network, allowing more people to use cryptocurrency worldwide." Pundi X's ICO has already been accepting funding via Achain's ACT token. PXS, the token of Pundi X will be pre-listed on Ourdax exchange platform as part of the Achain ecosystem.
The Pundi X POS devices will soon be available, making the use of cryptocurrency widely available to the vast "unbanked" population in the developing markets.
Achain is a public blockchain platform that enables developers of all levels of experience to issue tokens, smart contracts, create applications and blockchain systems. Achain is committed to building a global blockchain network for information exchange and value transactions. For more information, please visit: https://www.achain.com/.
About Pundi X
Pundi X is a cryptocurrency point-of-sale ("POS") solutions provider for retail stores seeking to accept digital currencies in South East Asia. Pundi X POS enables shops, cafes and convenience stores to sell cryptocurrency to general consumers and builds on the success of Pundi-Pundi, which is one of Indonesia's most popular QR code cashless payment apps. Pundi X public token sale will be January 21, 2018 with the aim of financing over 700,000 Pundi X POS devices to be installed over the next three years across all target markets.
For more information, please visit: https://pundix.com/.
SOURCE Pundi X