Pundi X, a cryptocurrency point-of-sale (POS) technology provider, has partnered with both Ebooc Fintech & Loyalty Labs LLC and emcredit to allow citizens of Dubai to pay for schooling, groceries, utility bills, rent etc. in emcash – a digital stablecoin issued by emcredit. Pundi X is built on the NEM blockchain, a blockchain providing near-instant settlement times and negligent transaction fees (.01%). The POS device, XPOS, provides a user-friendly interface, enabling such digital currency payments to be accepted by businesses and governments. These devices also enable the purchasing of cryptocurrencies on the spot. Payments can be made with either mobile wallets or…...
Dubai to Permit Digital Payments Through Pundi X POS Technology
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