Pundi X, a blockchain firm based in Singapore, has officially announced that it had integrated PayPal support to its point-of-sale device, the Xpos.
Integrating PayPal To Xpos
Paypal stands as the first mobile payment gateway that was integrated into Xpos, and will allow users of over 30 countries to accept funding through this payment processor, as a result.
This integration stands to take place in two separate stages. For a start, Xpos will have its merchants based within the US apply for the ability to use PayPal-based keyed transactions. This application process will officially begin on the 1st of July, 2021
It’s expected that within two weeks’ time, all the Xpos devices will be integrated with the Paypal app, which will see the roll-out reach its completion.
PayPal By Popular Demand
It should be noted, however, that this integration with Paypal is very much a product of popular demand. Pundi X had actually conducted a twitter poll, asking their followers which mobile payment app the company should seek support for within their Xpos devices, first.
The poll had a wide array of payment providers to choose from, with GoPay standing alongside things like WeChat Pay, as well as Alipay and others. Ultimately, however, PayPal won by a large margin, managing to gain a 70% vote overall.
With this integration, Pundi-X will have its point-of-sale system upgraded with the addition of credit card payments. It will allow for various cryptocurrencies to be purchased through PayPal, all the while supporting the merchants of Xpos, in the process.
A Dawn Of Crypto Integration
The CEO and co-founder of Pundi X, Zac Cheah, saw fit to gave a public statement about the matter at large, as well. He emphasized the fact that these integrations with leading global payment providers, such as Paypal, will help drive the adoption of blockchain-based products and services ever forward outside of the crypto community at large.
He explained that the support of such a leading online payment provider within their XPOS devices would see to it that the public will gain more confidence in its use. With it, Cheah says, the mainstream integration of blockchain technology comes ever closer.
This stands as a bizarre and dramatic sentiment shift of PayPal, who has been shunning crypto for more than a decade. Recently, however, PayPal has been publishing job listings for blockchain engineers, holding them responsible for “new initiatives” at PayPal global. It seems that one of the biggest payment service providers have finally gone crypto.