Cryptocurrency startup Pundi X introduced that its point-of-sale fee gateway (XPOS) will quickly be launched in Panama and its surrounding areas. Blockchain improvement firm Chainzilla joined the initiative as a neighborhood distributor.
Combining cryptocurrency and conventional funds in a single terminal
On Aug. 14, Cointelegraph in Spanish spoke with Chainzilla CEO, Charles Gonzales, to seek out out extra particulars. In response to Gonzales:
“Lately, Pundi X built-in its module into the Verifone X990. This is a vital improvement as a result of this fee processor is appropriate with each cryptocurrency and conventional funds. […] That signifies that a vendor can course of crypto funds alongside different Visa and Mastercard funds, it is multi functional machine.”
In addition to performing because the distributor of the XPOS terminals in Panama, Chainzilla will launch instruments for retailers to right away convert their Bitcoin (BTC) and different cryptocurrency funds into the native foreign money or stablecoins.
Alternatives by means of training
The primary of the brand new fee processors will arrive in Panama in two weeks and will likely be demonstrated by Chainzilla at Revolve Summit for entrepreneurs. Chainzilla may also provide the primary blockchain course within the nation with the assistance of Panama’s Chamber of Digital Commerce and Blockchain, together with training startup The Blockchain House, in October 2019.
When requested in regards to the fintech scene in Panama, Gonzales replied:
“The fintech sector is fragmented in Latin America. Every nation acts as an island that has its personal rules, which are sometimes totally different from these of its neighboring international locations. This creates difficulties in growing worldwide providers. These challenges are troublesome and they’re going to take time to resolve but it surely all begins with training. That’s why we’re specializing in educating the individuals, corporations, and authorities entities we work together with.”
As Cointelegraph reported, it was solely final month that Pundi X built-in its crypto fee module into the Verifone machine.