Pundi X (NPXS) POS is now being used in Nigeria, and the first live Bitcoin (BTC) To Naira (NGN) transaction on XPOS terminal has successfully been perfected in Nigeria.
A statement by Pundi X reflects that one Ndukwe Ezenwa, MD of Joetech system and some NPXS contributors are behind this move, and pushing for crypto adoption courtesy Pundi X technology in Africa.
This is a huge news for Verge (XVG), Stellar (XLM), NEM (XEM) enthusiasts because the digital currencies have been adopted by Pundi X earlier before this move.
First live #BTC-NGN transaction on XPOS terminal was successfully done in #Nigeria. Thank you @ndukwe_ezenwa, MD of Joetech system and our #NPXS contributors for your support and start #crypto adoption with #PundiX technology in #Africa. pic.twitter.com/aBEvPXxGcz
— Pundi X Labs (@PundiXLabs) September 28, 2018
As we speak now, Pundi XPOS is now being distributed in Brazil, and around 1000 is expected to be used in the country this year.
After August 1, around 5,000 XPOS are being deployed to Switzerland, Brazil, UK, Singapore, Indonesia, Korea, and Hong Kong.
Now, Nigeria and other African countries are to benefit in this massive development centered on increasing the use cases of cryptocurrency.
Countries like Nigeria can benefit the most from this idea considering the population and the number of people using cryptocurrency in the country. Also, Zimbabwe which is suffering from inflation can receive consolation from digital currencies.
Mass Adoption: How Pundi X is doing it
With Pundi X technology (XPOS, and crypto debit card), it is easy to sum of that the platform is doing great in bringing about the much debated mass adoption.
Pundi XPOS can be used in retail shops for cheap crypto to fiat conversion that is being seeing as hindrance to mass adoption all over the world.
When we look around, many a number of issues are better solved using the opportunities provided by cryptocurrency, especially hyperinflation bedeviling countries like Zimbabwe, Venezuela and even Iran.
All things being equal, if Pundi XPOS is allowed to flourish in some countries, cryptocurrency will enter even the most inner part of the world.
Disclaimer: Our writers invest in cryptocurrencies and it is possible the author of this article has investment in any of the digital currencies discussed. Some times author's presented information may be laced with opinions. Treat articles as mere information and not as financial advice.