Pundi X and MakerDAO Introduces Crypto Merchant Program

According to recent news, the Blockchain payment solution giant, Pundi X has tied up with MasterDAO in order to inaugurate the merchant program for cryptocurrencies to enhance the crypto-associated financial as well as business transactions.

The project is to be offering free cost point of sales devices, XPOS for cryptocurrencies to the qualified merchants to help them in endorsing cryptocurrency as a payment method.

The blockchain PoS is constructed for payments as well as for the sales of DAI stable coin of MakerDAO, Ethereum, etc. It is also offering the merchants a commission of 2 percent over any transactions related to cryptocurrencies.

The program for crypto merchants is to promote partners as well as merchants. The blockchain PoS is to begin its operations across Brazil prior to spreading services to some other countries of Latin America like Venezuela, Argentina, and Columbia.

The pilot program of Brazil will see 100 blockchain PoS terminal distribution free of cost while 650 others for countries around the region. The Perspective blockchain PoS holders are merchants that are registered under the Federal Revenue department of Brazil.

Moreover, the merchants will be anticipated to access physical stores with an authentic address of their businesses along with sending to the company, a photo of the store as criteria for selection.

A number of investors, as well as the merchants of Latin America, are already employing cryptocurrencies as a transaction medium. The blockchain PoS will further accentuate the awareness of cryptos around Latin America while boosting its credibility across America.


Recent Articles

Verge Battles the Bearish Pressure; May Soon Reflect Recovery

Verge currency’s YTD price movement has been volatile. The substantial improvement was seen in the last three months despite the sluggish momentum. The market...

Ontology Partners with NEAR Protocol to Boost Secure ID Solutions

Ontology is an open-source and highly performant blockchain for self-sovereign ID and data. Its sole aim is to deliver a fast, user-friendly platform equipped...

Bullionix is Set to Drive New Minting User Experience With Chainlink

The management board of Bullionix excitedly announced the scheduled collaboration with Chainlink VRF to drive the latest upgrade of the platform of distribution of...

KardiaChain Targets Blockchain Mass Adoption with New CBO

With many blockchain players competing around, blockchain solution providers are having a hard time achieving blockchain adoption among mass audiences in the non-crypto business. In...

OMC Group Introduces Omni Pets to Make Blockchain Easier for You

OMC Group, the blockchain arm of AIO Synergy, has offered a fun way to learn about blockchain through an enjoyable game that involves...

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Stay on op - Ge the daily news in your inbox