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Pundi X and American Chamber of Commerce Korea introduce cryptocurrency payment solutions for mainstream adoption

Partnership to introduce and promote Pundi X solutions to leading US and other multinationals in Korea

Pundi X (CURRENCY: NPXS) has established a strategic partnership with the American Chamber of Commerce Korea (AMCHAM). AMCHAM will help introduce and promote Pundi X blockchain-based point-of-sales solution to its members, including leading multinationals in Korea.

The collaboration, between AMCHAM and Pundi X, the world’s leading provider point of sale solutions allowing retail stores to conduct blockchain-based transactions in multiple cryptocurrencies, was announced by Pundi X’s advisor in Korea.

Jeffrey Jones, a leading international lawyer and global expert on foreign investment, announced the partnership at the first display of the new Pundi XPOS in Seoul last week.

Mr. Jones is a senior advisor to Pundi X and the Chair of the Board of Directors at American Chamber of Commerce in Korea. He has been recognised by the government for his contribution to the development of business in Korea.

Under the terms of the Memorandum of Understanding signed last week, AMCHAM will agree to support, introduce and promote the Pundi X blockchain solution to its 1,800 members,┬ásuch as Aston Martin, McDonald’s and more in support of the blockchain-based payment solution deployment and adoption in Korea.

Korea is one of four countries to which Pundi X will next month beginning shipping pre-orders for its new XPOS device, which carries support for credit and debit card payments as well as multiple cryptocurrency transactions.

“Korea is a key market for the deployment of cryptocurrencies and, it of course follows, for Pundi X,” said Danny Lim, the company’s co-founder and Chief Financial Officer. “We are very pleased by the level of interest shown by Korean merchants and consumers.

“But we are confident that with the backing of an organisation with as many links to global business as AMCHAM and strategic counsel from our key advisor Jeffrey Jones that this development will be an important milestone, not just for our presence in Korea but globally, too.”