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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Restaurants Accept Crypto With PundiX Terminal, Towards Mass Adoption

Dalmas Ngetich
Dalmas Ngetich
6 years ago
2 mins read
Crypto

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The just concluded second edition of Consensus held in Singapore proved to be successful for organizers. Since it was a melting pot for diverse blockchain influencers, investors and star-ups it was only fitting for social amenity providers outside the conference to supply fast means of payment and many ended up using PundiX PoS to expedite payment.

In JUSTIN Flavours of Asia, one of the restaurants installed @PundiXLabs XPOS terminal to accept #crypto payment during #ConsensusSingapore. Our guest just experienced his first meal paid with #NPXS. pic.twitter.com/RBgkb4z0Be

— Peko Wan (@peko0413) September 20, 2018

More than 8,000 individuals attended the event organized by CoinDesk and TechXLR8 Asia and sponsored by more than 50 companies. Further asserting the theme, more than 90 speakers graced the event. The general theme of the conference was to “growing global demand for specialized content and enhanced networking opportunities to satisfy the ever-growing appetite for development of the blockchain-related markets”.

The Path Towards Mass Adoption

Much has been talked about cryptocurrency with the majority holding the coin for speculation purposes. However, for the coin to be a main stay, there should be a shift from profit making to actual use and that’s what PundiX is driving for. Through the use of portable point of sale devices relying on the NEM blockchain, the gadget allows retailers to settle payments using any of the 15 cryptocurrencies supported. This not only spurs mass adoption but is surely a step in the right direction now that holding or coin reservation demand is low due to dropping crypto prices.

PundiX recently announced they will begin shipping 4,000 point of sale devices to several stores in SE Asia and Europe. Besides, the start up has received more than 500 individual orders from 31 countries.

In order to allow daily use of crypto, PundiX POS enables a bi-direction transaction the device facilitates crypto to fiat or fiat to crypto conversions via special API, Xplugin that connects directly to the NEM blockchain. NEM blockchain has various applications in finance and utilizes the ideas of public and private chains which PundiX make use of. Once connected to the ledger, users can thereafter link up with their digital wallets and even issue special smart contract requests. This way, users can at any time settle single or multiple cryptocurrency transactions faster and safely through the NEM blockchain at these point of sale terminals.

Overly, PundiX is a mix between advanced inventory management and in-built exchange capabilities. And in-order to make crypto payments simple, cost effective and secure for the buyer, PundiX POS employs several multi-card reader capabilities and end-to end, layer to layer encryption complete with a display and a keypad. The gadget is light weight and it’s android OS is specifically designed for blockchain application. To bode well with regulatory demands, PundiX is has a camera making it possible for retail stores to take photos in case of KYC demands.

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Dalmas Ngetich
Dalmas Ngetich

Dalmas Ngetich

Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape.

Read more

His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto.
The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance.

His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry.

Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion.

Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers.

DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations.
Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language.

Dalmas is here to help make the tech easy to understand and digestible, even for beginners.
The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential.
This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting.

Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature.

When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills.
You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

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