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.