Pundi X Partners with Traki
Pundi X, the cryptocurrency startup that’s always looking to make your shopping experience a breeze, has teamed up with Traki, one of Venezuela’s largest department store chains. This pivotal partnership will see Pundi X’s blockchain-based point-of-sale device, known as XPOS, making its debut in Traki’s 49 outlets. Customers can now use Bitcoin (BTC), Ether (ETH), and a medley of other cryptocurrencies—because who doesn’t want to pay for their new shoes with digital coins?
The Visionaries Behind the Partnership
According to Zac Cheah, co-founder and CEO of Pundi X, Traki is not only an early adopter of cryptocurrencies but it also showcases a commitment to enhancing the traditional financial system in Venezuela. Cheah stated, “We hope the XPOS further expands the crypto use cases that customers have come to expect from Traki.” Sounds like they’re aiming to revolutionize shopping, one crypto transaction at a time!
Traki: Leading the Charge for Crypto Accessibility
Michael Gomez, the chief of Traki’s crypto assets department, echoed this sentiment, highlighting the retailer’s dedication to making cryptocurrency a mainstream payment method. Gomez remarked, “This partnership with Pundi X solidifies our commitment to make cryptocurrency as easy to use as fiat currency in our stores.” Who knew shopping could get this cutting-edge?
Pundi X’s Latin American Odyssey
But wait, there’s more! Pundi X is spreading its digital wings beyond Venezuela. Recently, the company made strides into Panama through a collaboration with Chainzilla. This partnership aims to distribute XPOS payment processors in Panama, offering services that allow merchants to seamlessly convert their digital currencies into fiat or stablecoins. It’s like a financial buffet!
The Challenges of Fintech in Latin America
Charles Gonzales, CEO of Chainzilla, addressed the complexities of the fintech landscape across Latin America. He explained how each country’s unique regulations can make it feel like you’re shopping from different islands. “The fintech sector is fragmented in Latin America. These challenges are difficult and they will take time to resolve but it all starts with education.” Looks like education is the ultimate secret sauce for success!
