Singapore-based renowned blockchain company ‘Pundi X’ has integrated PayPal support for its point-of-sale device ‘Xpos.’
PayPal is the very first mobile payment gateway to be integrated onto Xpos, as well as users from over 30 nations can now accept funds via the payments processor.
The integration is expected to take place in over 2 stages, with United States-based merchants who employ Xpos ready to apply for PayPay-based keyed transactions from 1st July.
A PayPal application is predicted to be integrated onto all Xpos devices within the upcoming 2 weeks completing the roll-out.
Paypal Payments – The Most Voted Service By Users
Pundi X decided to launch its new integration after conducting a Twitter poll asking followers the choice of their mobile payment apps they use like Xpos to support first.
PayPal received almost 70% of votes, beating out WeChat Pay, Alipay, and GoPay, among others.
The integration brings credit card payments to Pundi X’s point-of-sale system, and permit cryptocurrencies to be bought via PayPal from supporting Xpos merchants.
The chief executive and co-founder of Pundi X, Zac Cheah, emphasized that integrations with leading global firms like PayPal will assist drive adoption blockchain-based services as well as products outside of the crypto community:
“To be able to support one of the leading online payment service provider in our XPOS devices can offer people more confidence in using them, and may move usage of blockchain technology closer to the mainstream.”
PayPal Global To Soon Offer Cryptocurrency Sales
After leaving cryptocurrencies for a decade, recent job listings for blockchain engineers liable for “new initiatives” at PayPal global appear to support rumours it’ll soon offer cryptocurrency sales to its users.
PayPal payments are only supported by a couple of cryptocurrency exchanges, like p2p exchanges along with Localbitcoins and Paxful.
Also last week, KuCoin’s P2P Fiat Market became the newest P2P platform to support PayPal, introducing the payment gateway alongside support for USD.