Every Pundi X POS device can be connected to both the Ethereum and NEM blockchains, enabling consumers to easily buy or sell cryptocurrencies (BTS, ETH, XEM, LTC, PXS tokens) using fiat money (Dollars, Rupiah, Baht, etc.), bank card, mobile wallet or with a Pundi X Pass.
XEM is the world’s tenth largest cryptocurrency, according to coinmarketcap.com, with a market capitalization of US $1.6 billion. NEM’s technology is currently employed by a variety of financial institutions and industries. NEM is also one of the most popular altcoins in Japan in terms of demand and trade volume.
“With the NEM solution we can confirm transactions instantly which enables us to lower the exchange risk and provide a better user experience,” said Zac Cheah, CEO of Pundi X. “Moreover, Pundi X can now expand rapidly through the NEM network and accelerate the whole on-boarding process.”
“We are working to achieve mass adoption for NEM through sovereign fiat money issuance, financial settlements, payments, trade finance, stock markets, forex and other applications. The Pundi X business matches this goal because it makes cryptocurrencies more accessible for people to use in their daily lives,” said Lon Wong, President of NEM.io Foundation. “NEM is very easy to implement. For example, it took only one day to make the Pundi X system work on the NEM blockchain for both the private and the public chains.”
About NEM.io Foundation Ltd
NEM.io Foundation Ltd. is a non-profit organization based in Singapore, set up to promote NEM’s blockchain technology globally. It is currently one of the most well-funded and successful blockchain technology projects in the cryptocurrency industry. NEM’s technology is currently being utilized in a variety of financial institutions and industries.
For more information, please visit www.nem.io