Pundi X Labs, the maker of the blockchain-powered XPOS® point-of-solution devices, announced on Tuesday that it has added PayPal support to the devices, which will allow merchants to accept various cashless payments. From today, merchants in the US using XPOS® will need to apply for PayPal here by sending their device’s IMEI code on [email protected]
You ask, we executed. To assist retail merchants to process various cashless payments, we are rolling out @PayPal's inclusion on XPOS® devices! https://t.co/6XjeRrDZJU #Bitcoin #ETH #DAI #NPXS #BNB #LIME #KCS #DGX #KNC #VRH #XEM #QTUM #USDT #FX #ENQ #IDRT #XDB #ENJ #CRE
— Pundi X Labs (@PundiXLabs) June 30, 2020
The decision comes weeks after Pundi X conducted a poll on Twitter asking users to choose between PayPal, PayTM, WeChat Pay/Ali Pay, and GoPay. As per the results, 70% of the voters chose PayPal, and therefore, the payments company was added to the popular point-of-solution devices.
As per a recent estimate, PayPal has a global user base of more than $325 million, with annual transfers and payments via the platform amounting to over $700 billion. Moreover, PayPal has been at the forefront in the race to adopt the crypto revolution, and it is also rumored to be selling Bitcoin directly on its platform. PayPal here helps merchants to accept credit card payments, using the QR code scanning process. Pundi X Co-founder and CEO Zac Cheah said,
Pundi X is a crypto-blockchain development platform that aims to make crypto more accessible to the masses. Partnering with PayPal will not only help it strive towards achieving its goal but also to maintaining a lead amongst the existing competition and staying a few leaps ahead.