Pundi X pronounces assist for blockchain infrastructure Wanchain’s cross-chain belongings

SINGAPORE, July 23, 2020 /PRNewswire/ — Pundi X is proud to announce its upcoming assist for Wanchain’s ecosystem cross-chain belongings into all XPOS gadgets. Coins resembling WAN, the Wanchain native coin, WBTC, WEOS, and WETH will likely be added as cryptocurrencies to the XPOS point-of-sale programs and will likely be simply accessible to over 700,000 registered XWallet customers.

The Wanchain Foundation is constructing the blockchain infrastructure to energy the quickly rising world of Cross-Chain decentralized finance (DeFi). The Foundation goals to permit for the seamless circulation of belongings between blockchains the place they are often transacted with freely and employed in all kinds of single chain and multi-chain decentralized monetary purposes. The firm is a part of the Blockchain Interoperability Alliance and advocates for interconnectivity amongst particular person blockchain networks.

According to Wanchain CEO and founder Jack Lu, the mixing is a giant leap towards easing cryptocurrency into the mainstream. “It’s the first time in history that we’re seeing decentralized proxy-token forms of Bitcoin, Ethereum, and EOS easily tradable across different networks,” he mentioned. “Considering also factors such as the COVID-19 pandemic and concerns over global economic inflation, we really feel that now is the time for cryptocurrency to take center stage.”

The integration of Wanchain’s cross-chain performance is very helpful for each consumers and retailers who wish to leverage belongings and utilities from a number of blockchains whereas out purchasing. With solely their smartphone and Wanchain’s interoperable expertise, consumers will have the ability to simply make the most of belongings and purposes from a number of completely different blockchains whereas out and about. Merchants, alternatively, can settle for a variety of belongings from completely different blockchains while not having to fret about whether or not they have the appropriate software program for every completely different blockchain. 

Though the mixing of Wanchain is a brand new growth for Pundi X gadgets, this is not the primary time the businesses have partnered up. The two firms first partnered in May 2018 to increase cryptocurrency accessibility by way of XPOS and again in October 2019, after they gave individuals the prospect to delegate WAN cash to the Pundi X validator in a recently-launched proof of stake platform.

Send and obtain digital belongings through Telegram chat

Aside from the XPOS and XWallet integrations, Wanchain and Pundi X are additionally set to roll out an adoption-ready crypto gifting system that makes it simpler for customers to ship WAN, WBTC, WEOS, and WETH to 1 one other. This growth makes it easier for Telegram users specifically to ship their favourite belongings to one another.

“Spending cryptocurrency through blockchain XPOS devices facilitates ease-of-use and decentralization of cross-chain assets to the community of XPOS users located all around the world,” mentioned Pundi X CEO and co-founder Zac Cheah. “So the two companies working together is a win-win for everybody.”

ABOUT PUNDI X

Based in Singapore, Pundi X was based in 2017 with the intention of harnessing the ability of blockchain expertise to make a safer and inclusive world. As of this writing, the corporate is accountable for growing the Blok on Blok telephone, the world’s first fully-functioning blockchain telephone and the XPOS, a point-of-sales sensible system that enables brick-and-mortar shops to transact on the blockchain. The firm presently has workplaces in Jakarta, Taipei, São Paulo, Tokyo and extra.

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