Pundi X (NPXS) is a multi-cryptocurrency point-of-sale (“POS”) solutions provider for retail stores seeking to accept digital currencies in the world. Pundi X POS enables shops, cafes and convenience stores to facilitate cryptocurrency transaction for the average consumer.
On August 19, the Pundi X team announced that the Pundi X POS is set to make its debut in Colombia and South America following the signing of a distribution partnership with Colombian investment fund Manticora Capital.
One thousand Pundi X POS devices will be progressively rolled out across Colombia over six months to specialist, general retailers, and hospitality businesses by Manticora Capital, which has its headquarters in Medellin.
This deal follows Pundi X’s recent announcement of its new South American headquarters in Brazil.
“Demand for cryptocurrency in Colombia has been surging in recent years. But there’s reason to believe it could even be understated due to a lack of accessible options for consumer adoption; to be part of a solution that extends its rise even further is an exciting new frontier for Pundi X”, – said CEO and co-founder of Pundi X, Zac Cheah.
Colombia has consistently been ranked a global centre for cryptocurrency activity and was last year ranked the world’s fastest growing market for OTC Bitcoin transactions and this year one of the world’s ten most active Bitcoin markets by Forbes.