Pundi X has teamed up with major Venezuelan chain Traki, who will now offer Pundi X’s blockchain-based point-of-sale devices for crypto payments.
Pundi X made the announcement in an official blog post on Aug. 20. The device, called XPOS, will reportedly allow Traki’s customers to pay with top cryptocurrencies Bitcoin (BTC) and Ether (ETH), as well as a number of other cryptocurrencies and Pundi X’s native tokens.
Traki is one of Venezuela’s largest department store chains with 49 outlets, per the report. Co-founder and CEO of Pundi X Zac Cheah remarked:
“Traki has been one of the early adopters of cryptocurrencies in Venezuela, which highlights its commitment to improve the traditional financial system [...] We hope the XPOS further expands the crypto use cases that customers have come to expect from Traki.”
Michael Gomez, chief of the crypto assets department of Traki, also remarked that the company was committed to making crypto an accessible mode of payment in its stores. He commented:
“At Traki, we aspire to offer the most convenient options for our customers, and cryptocurrency has proven to be an effective payment solution [...] This partnership with Pundi X solidifies our commitment to make cryptocurrency as easy to use as fiat currency in our stores.”