The official token of the world’s largest cryptocurrency exchange, Binance, will be available on the Pundi X POS terminal.
Presently the 18th largest crypto asset by market capitalization (according to CoinMarketCap), Binance Coin (BNB) joins the 11 virtual tokens previously added on the Pundi X POS machines, counting Bitcoin (BTC), Ethereum (ETH), NEM (XEM), Qtum (QTUM), Zcash (ZEC), Stellar (XLM), Litecoin (LTC) plus the company’s token dubbed NPXS.
“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,” explained Pundi X CEO and co-founder Zac Chea, pointing out that the company is, “proud to have a token of this stature included among the first dozen for listing on the XPOS”.
The service was announced on July 25 via Medium. However, the two CEOs have unveiled the collaboration yet at the Korea Blockchain Week in Seoul on 22 July. Binance CEO Changpeng Zhao seems to be very excited about working with Pundi X. He posted 6 hours ago on the Instagram page a picture where can be seen an invoice issued after paying with BNB tokens on a XPOS machine. “Paying with $bnb on the @pundixlabs pos terminal. From a couple days ago, in Seoul,” cites the description.
Twitter user Nye The Crypto Guy wanted to share with followers the way a BNB payment works:
Announcement for @PundiXLabs:
Here is a full demo of how the system will function.👀
— 🤘 Nye The Crypto Guy 🤘 (@CryptoShillNye) July 25, 2018
The announcement on the collaboration between the world’s leading cryptocurrency exchange and the Indonesian retail company Pundi X comes a month later after Binance listed Pundi X’s token dubbed NPXS. The token can be traded in pair with Bitcoin (BTC) and Ethereum (ETH).
“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 representative claimed.