Pundi X (CURRENCY: PXS), a cryptocurrency point-of-sale (“POS”) solution provider announced over the weekend it has formed a partnership with Coinnest, which is described as the fourth largest cryptocurrency exchange platform in Korea, announced a strategic partnership. According to Pundi X, Coinnest will be the first Korean cryptocurrency exchange to list the PXS token and to launch 300,000 Pundi X Passcards, the NFC-enabled physical multi-currency (fiat and cryptocurrencies) wallet.
Pundi X reported that Coinnest has more than 500,000 members registered and its platform offers a selection of cryptocurrencies for trading among all the exchange platforms in Korea, which includes BTC, BCH, BTG, BCD, ETH, ETC, WTC, HSR, QTUM, NEO, INK, TRON, TSL, ENT, ADA, GAS, MCO, KNC, BT2, BT1 and others. While sharing details about Coinnest’s partnership with Pundi X, Xander Kim, CEO of Coinnest, stated:
“Pundi X’s solution allows people who have little or no access to cryptocurrency easily conduct transactions. We are excited to the first exchange platform to introduce Pundi X PASS Card and lower the technical threshold of trading cryptocurrency.”
Zac Cheah, CEO and Co-founder of Pundi X, also commented:
“While the Korean cryptocurrency exchange platforms contribute a significant amount of trading volume, interest in Pundi X POS solution is very high in South Korea. PXS listing and Pundi X POS solution deployment with Coinnest arethe significant steps for us to enter Korean market. This helps Pundi X to accelerate our market penetration.”
Pundi X then added it recently successfully completed of its public token sale on January 21st. The company reached its hard cap of 35 million USD in less than 90 minutes. It plans to install at least 100,000 Pundi X POS devices over the next three years across all target markets. Starting on February 24th, PXS will be available to trade on Coinnest.