Based in Singapore blockchain company Pundi X has announced its blockchain-focused Point-of-Sale (POS) device called the XPOS now supports PayPal.
According to an official announcement, the POS device will accept PayPal payments via email or mobile phone number. In the US, merchants will only have to show only a QR code for their customers to pay, the company said.
The assets can be stored in an XPASS Card, which makes dealing with cryptocurrency "as easy as simply tapping the card to complete a transaction," the company highlighted.
Pundi X CEO & Co-Founder Zac Cheah says it has always been the company's belief that cryptocurrencies simply hold various advantages that fiat money does not.
"Aside from better transactions, of course, we see cryptocurrency as something that promotes financial inclusion," Cheah added.
Recently iHodl reported that American e-commerce giant PayPal and its mobile payment service Venmo plan to add support for direct crypto buy & sell feature.
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