The Indonesia-based blockchain startup Pundi X Labs said in a blog post on Wednesday that its crypto POS terminals would incorporate the Binance Coin (BNB) so that users could buy goods with BNB in shops around the world.
Currently the 17th largest cryptocurrency by market cap, BNB joins 11 digital tokens already featured on the XPOS machines, including Bitcoin (BTC), Ethereum (ETH), NEM (XEM), Qtum (QTUM), Zcash (ZEC), Stellar (XLM), Litecoin (LTC) and the retail firm’s native NPXS token.
“Utility for holders has always been a central part of BNB’s reason for being, something which has been evident from the way it has successfully fueled the world’s largest cryptocurrency exchange,” commented Pundi X CEO and co-founder Zac Chea and he underlined that his company is, “proud to have a token of this stature included among the first dozen for listing on the XPOS”.
Chea and Binance CEO Changpeng Zhao first spoke of the new partnership at the Korea Blockchain Week in Seoul on Sunday. In his Instagram profile, Zhao said he has already paid via BNB on an XPOS.
Twitter user Nye The Crypto Guy posted a demo video of how a payment with BNB works:
The latest agreement between the Indonesian retail company and Binance comes a month after the digital exchange platform listed the Pundi X token following a community vote won by NPXS. This allows trading with NPXS in pairings with BTC and ETH.
The two-directional partnership between Pundi X and Binance seems to be unlocking new opportunities for both companies.
“Binance has always believed in the power of markets and new blockchain infrastructure for industry. That means involvement in the global retail market via Pundi X’s blockchain-based point of sale device is a new frontier we’re excited to be a part of,” a Binance spokesperson claimed.
This article appeared first on Cryptovest
