Obviously, the world may not be able to relate to the groundbreaking advantages of blockchain technology unless they can adequately relate to it in their daily activities. Most people will never consider Bitcoin a currency unless it can be used directly to buy something.
To unlock the next large percentage of crypto adopters, cryptos need to be available easily for people to spend everywhere. It has to prove that it is better than the normal fiat currencies in many obvious ways.
But to do this, crypto-based projects need to take baby steps to reveal its potentials. Pundi X labs is one of the astronaut projects that first made these baby steps with the XPOS (Point of Sale) machines for merchants and business owners worldwide. Imagine a POS machine that is able to process crypto payments very quickly to buy goods in shops- it will be great right? Now stop imagining because it has already happened with projects like Pundi X. Additionally, the machine also allows anyone to buy Cryptocurrency easily and instantly with fiat currencies. This move allows easy entry for starters as entry into cryptocurrency has been a huge challenge over the years.
June 30th, 2020, Pundi X labs listened to the voice of the community through votes after they rolled out a poll to see which mobile app is to be supported first. The community voted Paypal and the team made it happen. Now transactions will be way faster and easier for businesses and customers. As stated, the PayPal integration will work the same as anywhere else to help accept payments. With XPass cards, people can spend their cryptos within a few seconds from their wallets. It is not known as at the time of writing if Pundi X team will extend support very soon to other applications listed in the poll such as Wechat Pay/ Ali Pay, Ovo/ GoPay, and PayTM.
The advantage of developments like these is that people who are nomadic can live a better life just by having an XPass. In the future when solutions like XPass and XPOS become available everywhere, people can totally live on cryptocurrencies without having to go to banks. Every day, the blockchain technology is unveiling cutting solutions to world problems and showing that centralization is a thing of the past.
Will Blockchain take over the world as the internet did? Are we going to live in a future where Cryptocurrency becomes a vital aspect of the world economy?
I am Ayobami Abiola from Nigeria. I am a Cryptocurrency enthusiast who like to write about creative and great innovations- The wonders of the blockchain technology.
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