Towards the adoption of crypto: four recent announcements
The crypto-currency market is a wild and always changing industry. As such, we like to provide you with regular updates from our team.
Here are the latest notable improvements and news this market has brought us over the past month!
1- Pundi X brings the payment in crypto money to Panama
Singapore-based Blockchain company Pundi X announced the launch of the XPOS module (its cryptocurrency-enabled point of service device) in Panama and surrounding areas, in cooperation with the development company ChainZilla, as the leading distributor and liquidity provider. It will allow Panamanian merchants to accept payments in Bitcoin and other cryptocurrencies.
Thanks to XPOS, the Verifone X990 will be able to accept several cryptocurrencies, such as BTC, ETH, and others at all retailers where Pundi X Verifone X990 is installed.
2- More opportunities for ETH and DAI
London-based start-up Monolith has joined forces with Digix and MakerDAO, two DeFi (decentralized finance) companies. Through this collaboration, the Visa Monolith debit card user can use the Monolith mobile application to load their card in certain digital currencies, including ETH and DAI. Cardholders can then use these currencies “for their daily purchases, to pay bills or to send and receive money to friends and family, all powered by Ethereum.” The card could be used worldwide. To be more precise, crypto can theoretically be used in more than 65 million retail outlets worldwide.
Mel Gelderman, CEO of Monolith, said that MakerDAO and Digix “represented the best Ethereum decentralized finance projects” and that there had been “a fantastic response from our beta users.”
3- Flexa expands into Canada
New York-based payment start-up Flexa has launched its crypto payment network, which allows users to spend crypto money in several stores. It will enable users to spend Bitcoin, Ether, Litecoin, Bitcoin Cash, and Gemini Dollar in more than 39,000 locations in the United States.
Now, in partnership with Coinsquare, the Canadian crypto exchange, Flexa also offers in-store payment options. Canadians can try Flexa by downloading the SPEDN application from the App Store or Google Play. The company will offer “instant crypto money payments at more than 7,500 points of sale in Canada” (including some of the largest retail, entertainment, and fuel brands) starting the first week of September. When Canadians visit the United States and vice versa, they can use the network freely and without worrying about exchange rates or conversion fees.
4- Zcoin has access to 5 million merchants in Thailand
The privacy-oriented Token Zcoin announced that it had become the first cryptocurrency that can be used nationwide by more than five million Thai merchants through the new Satang application. It will allow you to buy, sell, and manage digital assets using a QR code system. Through this application, nearly 50 million people with a PromptPay account (the Thai government’s electronic payment service) can choose Zcoin as a payment option for instant transactions with local merchants by scanning a QR code in stores or online. Merchants can also be paid in Thai Baht, converted via the regulated Satang Pro exchange. Besides, PromptPay will be linked to PayNow, the Singapore-based affiliate system, which could open Zcoin’s doors to other countries using the unified payment interface.
“By integrating the existing payment network, Zcoin eliminates the difficulties of raising awareness of technology among merchants, while helping them accept the use of crypto money as a valid means of payment,” said the coin developers.