Proof-of-Stake blockchain Qtum has revealed that it is significantly closer to mass adoption after striking a deal that will allow people to use QTUM tokens to pay for goods in shops across the world. Qtum hopes to soon be a household name as it will be appearing on the first 4,000 point-of-sale devices that are about to be shipped across the world by Pundi X – a cryptocurrency solutions provider for retail stores. The Point-Of-Sale devices will be delivered to retailers in countries including Korea, Japan, Singapore and Switzerland.
Patrick Dai, CEO and founder of Qtum, remarked: “Pundi X has the potential to deliver the final nudge that opens the floodgates to mass adoption of QTUM. It’s time that we offered individuals the option to pick between fiat and crypto when ordering a coffee or purchasing goods. It’s fantastic to be working with Pundi X to give consumers this choice.”
CEO and Co-founder of Pundi X, Zac Zheah added: “We’re thrilled to be able to play a role in bringing cryptocurrency to the masses. A big part of our mission is pushing merchant adoption with enhanced point of sale devices. PoS cryptocurrencies such as Qtum are of particular importance in the long run, due to their reduced environmental footprint. We look forward to seeing an increased usage in retail.”
The Pundi X device will enable both merchants and consumers to do cryptocurrency-to-fiat or fiat-to-cryptocurrency transactions easily. The devices interface directly with the blockchain. The Pundi X project is the successor to Pundi-Pundi, one of Indonesia’s most prominent innovators in cashless QR code payments.