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Pundi X: The Newest Canadian Currency Service Enterprise

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On March 28th, Pundi X, a blockchain retail solution, announced that it had been registered as a Canadian currency service enterprise with the Canadian Financial Transactions and R

Pundi X: The Newest Canadian Currency Service Enterprise

On March 28th, Pundi X, a blockchain retail solution, announced that it had been registered as a Canadian currency service enterprise with the Canadian Financial Transactions and Reporting Analysis Center (FINTRAC). This registration enables Pundi X to conduct virtual currency and payment service provider business in the country. (AP)

The blockchain retail solution Pundi X has registered its currency services business in Canada

Introduction

On March 28th, Pundi X announced that it had been registered as a Canadian currency service enterprise with the Canadian Financial Transactions and Reporting Analysis Center (FINTRAC). This is significant news for the blockchain retail solution, as it now enables Pundi X to conduct virtual currency and payment service provider business in Canada. This news serves as a major stepping stone for Pundi X as they continue to expand their global operations.

The Importance of FINTRAC Registration

Being registered with FINTRAC means that Pundi X can operate their business legally in Canada. It ensures that their virtual currency and payment service provider services meets strict guidelines, and they have established effective compliance programs. This gives Canadian consumers confidence in using their services, ultimately boosting the company’s reputation in the region.

Pundi X: A Brief Overview

Pundi X is a blockchain retail solution that enables cryptocurrency transactions in retail stores. The company is dedicated to making blockchain technology more accessible to the general public. It offers a range of products and services including the Pundi XPOS stationary point-of-sale device, XPASS card, and mobile app.

Pundi X’s Presence in Canada

Pundi X has established a significant presence in Canada with multiple pilot projects and partnerships with local businesses. In 2019, the company announced a partnership with Canadian cryptocurrency exchange, Bitbuy, which enabled users to buy cryptocurrency at select retail locations using the Pundi XPOS device.

Pundi X’s Plans for the Future

Being registered with FINTRAC opens up numerous opportunities for Pundi X in Canada. The company plans on expanding its operations in the region, including adding more Pundi XPOS devices across the country. This will enable Canadian retailers to accept cryptocurrency payments and make it more accessible for consumers.

The Benefits of Using Pundi X

Pundi X offers a range of benefits to its users. The company’s devices and services provide a seamless experience for those looking to use cryptocurrency in retail stores. Pundi X offers fast transactions, low fees, and ease-of-use, all while maintaining the security of its users’ funds.

Conclusion

Pundi X’s registration with FINTRAC is a significant step for the company. It enables them to conduct virtual currency and payment service provider business legally in Canada, bolstering their presence in the region. With plans to expand their operations and services throughout the country, Pundi X is poised for success in the Canadian market.

FAQs

1. What is Pundi X used for?
Pundi X is a blockchain retail solution that enables cryptocurrency transactions in retail stores.
2. What does Pundi X’s registration with FINTRAC mean?
Being registered with FINTRAC means that Pundi X can operate their business legally in Canada, ensuring their virtual currency and payment service provider services meet strict guidelines.
3. What benefits does Pundi X offer to its users?
Pundi X offers fast, low-fee transactions that are easy to use, while maintaining the security of its users’ funds.

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