Singapore-based blockchain developer Pundi X announced on Thursday its support for Wanchain’s cross-chain assets into all XPOS devices. According to Pundi X, coins such as WAN, the Wanchain native coin, WBTC, WEOS, and WETH will be added as cryptocurrencies to the XPOS point-of-sale systems and will be easily accessible to over 700,000 registered XWallet users.
Pundi X further revealed that the Wanchain Foundation is currently building the blockchain infrastructure to power the rapidly growing world of Cross-Chain decentralized finance (DeFi). Pundi X explained:
“The Foundation aims to allow for the seamless flow of assets between blockchains where they can be transacted with freely and employed in a wide variety of single chain and multi-chain decentralized financial applications. The company is part of the Blockchain Interoperability Alliance and advocates for interconnectivity among individual blockchain networks.”
Pundi X also noted the integration of Wanchain’s cross-chain functionality is especially useful for both shoppers and merchants who would be using assets and utilities from multiple blockchains while out shopping. The developer added:
“With only their smartphone and Wanchain’s interoperable technology, shoppers will be able to easily utilize assets and applications from multiple different blockchains while out and about. Merchants, on the other hand, can accept a wide range of assets from different blockchains without needing to worry about whether they have the right software for each different blockchain. “