Hong Kong’s FAMA Group initial to accept cryptocurrency with Pundi X POS device

Digital banking giveaway to foster hearing use of sell POS during RISE conference;
points way towards widespread destiny use opposite SAR’s consumer economy

HONG KONG, July 11, 2018 /PRNewswire/ — Pundi X (Currency: NPXS), a blockchain-based Point-Of-Sale (POS) solutions provider that enables sell store to control multi-cryptocurrency transactions, has announced a partnership with FAMA Group, enabling business of the locally-sourced, organic food grill sequence to make purchases using several cryptocurrencies including BTC, NPXS, and ADI around the Pundi X POS device.

Pundi X partners the organic grill sequence FAMA organisation in Hong Kong to concede business to make purchases with cryptocurrencies

Pundi X has grown a resolution that enables the sell store owners who are seeking to accept digital currencies so that they can do ‘cryptocurrency to fiat’ or ‘crypto to crypto’ exchange for the mainstream consumers.

For the mainstream consumers, Pundi X can reduce the technical threshold and make cryptocurrency transaction as easy as shopping a bottle of H2O around a Point Of Sale (POS) intelligent device. The Pundi X POS device which can be commissioned in the sell outlets enabling consumers to quick and easily acquire or spend BTC, ETH, NPXS, and other cryptocurrency using fiat money, mobile wallet or Pundi X PASS cards. The purchased cryptocurrency can be stored in the earthy label wallet, or used to make cashless payments to tip up phones, compensate application bills or buy goods, theme to internal regulations in each market.

To flog off the partnership, the teams will primarily run a graduation from 9 to 12 Jul during which Pundi X PASS cards, a earthy digital banking label wallet, distributed at RISE events. Consumers can use digital currencies at 4 partner restaurants in the FAMA group: Locofama, Sohofama, SUPAFOOD and the Hive Cafe. Pundi X PASS Card recipients will be means to believe discerning and easy-to-use cryptocurrency exchange to obtain coffee, snacks, drink or a full dish giveaway of assign (up to the sum value of the card) by using the XPOS inclination that have been pre-installed at each grill location.

“Our restaurants applaud normal methods in our cuisine, but we also see ourselves as innovators and are gratified to be on the frontline in enabling business to settle their check with Bitcoin or ether-based cryptocurrency by using a secure remuneration choice such as the Pundi X POS,” pronounced Larry Tang, owner of the FAMA Group.

Commenting on the partnership, Pundi X co-founder and CEO Zac Cheah said: “Adoption of cryptocurrencies in East Asia is probably the top in the world, however there are still few channels for spending digital banking today and this is what we want to change by operative with sell outlets such as the forward-thinking FAMA Group.”

“As a first step, we want to teach the consumers and merchants to see how easy it is to use cryptocurrency so we decided to give divided digital banking in the Pundi X PASS cards in sequence to inspire people to exam drive the Pundi X POS device. This is the first of many partnerships that we will be sourroundings up opposite Asia to inspire more widespread use of cryptocurrency in the sell economy over the longer term,” continued Cheah.

Under the terms of this promotion, consumers can take a Pundi X Pass Card to the assistant in any one of the 4 participating FAMA outlets to make purchases, depending on the sum value of the label presented. Tokens in the 2018 RISE 2018 XPASS cards can't be eliminated or surfaced up and can't be redeemed for cash. If the present label is lost, stolen or damaged, no deputy can be provided. In box of label change enquiries, consumers are invited to check with participating XPOS partners.

Pundi X Pass Cards are redeemable at the following participating restaurants:

  • LOCOFAMA: G/F, 9-13 Fuk Sau Lane, Sai Ying Poon, Hong Kongwww.locofama.com
  • SUPAFOOD: G/F, 1 Jervois Street, Sheung Wan, Hong Kong http://supafood.co   
  • SOHOFAMA: G/F, Block A, PMQ, 35 Aberdeen Street, Central Hong Kongwww.sohofama.com
  • THE HIVE CAFE BY LOCOFAMA: 3/F, 33-35 Hillier Street, Sheung Wan, Hong Kong

ABOUT PUNDI X

Pundi X (Currency: NPXS) is a blockchain-based point-of-sale (“POS”) resolution provider that enables sell stores to control multi-cryptocurrency transactions. The association is aiming to hurl out more than 100,000 inclination worldwide in a vital plea to the standing quo of the US$ 2.2-trillion tellurian sell payments market, generally in Asia where cryptocurrencies are in widest use. During July, 500 inclination are being sent into the margin for contrast with more than 25,000 on their way to business in Switzerland, Singapore and Japan following the end of the commander exam deployment. Pundi X was launched in September 2017 and has lifted US$ 35-million in appropriation to broach the new POS device that enables consumers to buy and sell products in a sell environment, as well as trade cryptocurrencies. The company’s latest indication supports 13 of the world’s heading cryptocurrencies, including Bitcoin, Ethereum and QTUM.

ABOUT FAMA GROUP

FAMA Group operates the possess organic grocery store, concierge surety health clinic, farmers market, café, quick food restaurants and full use restaurants. We’re on a goal to maintain our village to a healthier and happier place by pity our believe and creation organic and locally grown products accessible, affordable, and convenient. With Locofama, Sohofama, Supafood, HIVE Cafe underneath our portfolio, we continue to bond with people that want to join our goal and share our passion in building an ecosystem that advantages the people of Hong Kong.

Cision View original calm with multimedia:http://www.prnewswire.com/news-releases/hong-kongs-fama-group-first-to-accept-cryptocurrency-with-pundi-x-pos-device-300679159.html

SOURCE Pundi X

Article source: http://markets.businessinsider.com/news/stocks/hong-kong-s-fama-group-first-to-accept-cryptocurrency-with-pundi-x-pos-device-1027356926

Hong Kong’s FAMA Group initial to accept cryptocurrency with Pundi X POS device

Digital banking giveaway to foster hearing use of sell POS during RISE conference;
points way towards widespread destiny use opposite SAR’s consumer economy

HONG KONG, July 11, 2018 /PRNewswire/ — Pundi X (Currency: NPXS), a blockchain-based Point-Of-Sale (POS) solutions provider that enables sell store to control multi-cryptocurrency transactions, has announced a partnership with FAMA Group, enabling business of the locally-sourced, organic food grill sequence to make purchases using several cryptocurrencies including BTC, NPXS, and ADI around the Pundi X POS device.

Pundi X partners the organic grill sequence FAMA organisation in Hong Kong to concede business to make purchases with cryptocurrencies

Pundi X has grown a resolution that enables the sell store owners who are seeking to accept digital currencies so that they can do ‘cryptocurrency to fiat’ or ‘crypto to crypto’ exchange for the mainstream consumers.

For the mainstream consumers, Pundi X can reduce the technical threshold and make cryptocurrency transaction as easy as shopping a bottle of H2O around a Point Of Sale (POS) intelligent device. The Pundi X POS device which can be commissioned in the sell outlets enabling consumers to quick and easily acquire or spend BTC, ETH, NPXS, and other cryptocurrency using fiat money, mobile wallet or Pundi X PASS cards. The purchased cryptocurrency can be stored in the earthy label wallet, or used to make cashless payments to tip up phones, compensate application bills or buy goods, theme to internal regulations in each market.

To flog off the partnership, the teams will primarily run a graduation from 9 to 12 Jul during which Pundi X PASS cards, a earthy digital banking label wallet, distributed at RISE events. Consumers can use digital currencies at 4 partner restaurants in the FAMA group: Locofama, Sohofama, SUPAFOOD and the Hive Cafe. Pundi X PASS Card recipients will be means to believe discerning and easy-to-use cryptocurrency exchange to obtain coffee, snacks, drink or a full dish giveaway of assign (up to the sum value of the card) by using the XPOS inclination that have been pre-installed at each grill location.

“Our restaurants applaud normal methods in our cuisine, but we also see ourselves as innovators and are gratified to be on the frontline in enabling business to settle their check with Bitcoin or ether-based cryptocurrency by using a secure remuneration choice such as the Pundi X POS,” pronounced Larry Tang, owner of the FAMA Group.

Commenting on the partnership, Pundi X co-founder and CEO Zac Cheah said: “Adoption of cryptocurrencies in East Asia is probably the top in the world, however there are still few channels for spending digital banking today and this is what we want to change by operative with sell outlets such as the forward-thinking FAMA Group.”

“As a first step, we want to teach the consumers and merchants to see how easy it is to use cryptocurrency so we decided to give divided digital banking in the Pundi X PASS cards in sequence to inspire people to exam drive the Pundi X POS device. This is the first of many partnerships that we will be sourroundings up opposite Asia to inspire more widespread use of cryptocurrency in the sell economy over the longer term,” continued Cheah.

Under the terms of this promotion, consumers can take a Pundi X Pass Card to the assistant in any one of the 4 participating FAMA outlets to make purchases, depending on the sum value of the label presented. Tokens in the 2018 RISE 2018 XPASS cards can't be eliminated or surfaced up and can't be redeemed for cash. If the present label is lost, stolen or damaged, no deputy can be provided. In box of label change enquiries, consumers are invited to check with participating XPOS partners.

Pundi X Pass Cards are redeemable at the following participating restaurants:

  • LOCOFAMA: G/F, 9-13 Fuk Sau Lane, Sai Ying Poon, Hong Kongwww.locofama.com
  • SUPAFOOD: G/F, 1 Jervois Street, Sheung Wan, Hong Kong http://supafood.co   
  • SOHOFAMA: G/F, Block A, PMQ, 35 Aberdeen Street, Central Hong Kongwww.sohofama.com
  • THE HIVE CAFE BY LOCOFAMA: 3/F, 33-35 Hillier Street, Sheung Wan, Hong Kong

ABOUT PUNDI X

Pundi X (Currency: NPXS) is a blockchain-based point-of-sale (“POS”) resolution provider that enables sell stores to control multi-cryptocurrency transactions. The association is aiming to hurl out more than 100,000 inclination worldwide in a vital plea to the standing quo of the US$ 2.2-trillion tellurian sell payments market, generally in Asia where cryptocurrencies are in widest use. During July, 500 inclination are being sent into the margin for contrast with more than 25,000 on their way to business in Switzerland, Singapore and Japan following the end of the commander exam deployment. Pundi X was launched in September 2017 and has lifted US$ 35-million in appropriation to broach the new POS device that enables consumers to buy and sell products in a sell environment, as well as trade cryptocurrencies. The company’s latest indication supports 13 of the world’s heading cryptocurrencies, including Bitcoin, Ethereum and QTUM.

ABOUT FAMA GROUP

FAMA Group operates the possess organic grocery store, concierge surety health clinic, farmers market, café, quick food restaurants and full use restaurants. We’re on a goal to maintain our village to a healthier and happier place by pity our believe and creation organic and locally grown products accessible, affordable, and convenient. With Locofama, Sohofama, Supafood, HIVE Cafe underneath our portfolio, we continue to bond with people that want to join our goal and share our passion in building an ecosystem that advantages the people of Hong Kong.

Cision View original calm with multimedia:http://www.prnewswire.com/news-releases/hong-kongs-fama-group-first-to-accept-cryptocurrency-with-pundi-x-pos-device-300679159.html

SOURCE Pundi X

Article source: http://markets.businessinsider.com/news/stocks/hong-kong-s-fama-group-first-to-accept-cryptocurrency-with-pundi-x-pos-device-1027356926

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