• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Bitcoin’s Low Implied Volatility Signals Potential Price Movement

    Rumble to Launch Bitcoin and Stablecoin Wallet in 2025

    Bitcoin ETF Inflows Surge to Record $40.62 Billion

    Bitcoin ETFs Achieve Record $40.62 Billion Inflows

    Metaplanet Issues $21.25M Bonds to Acquire Bitcoin

    Metaplanet Issues $25M Bonds for Bitcoin Acquisition

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    Ethereum’s May Rally Signals Potential New Altcoin Season

    Binance Confirms Doodles Token Airdrop for Eligible Holders

    SEC Settles $50M Ripple Lawsuit

    SEC Reaches $50M Settlement with Ripple Over XRP Case

    World Liberty Financial Acquires 1,587 ETH for $3.5 Million

    Ripple Settles with SEC for $50 Million

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Leading Global Smart Card Developer UBIVELOX Enters Cryptocurrency Market with Strategic Alliance with Pundi X

Adriana M. by Adriana M.
July 20, 2018
in Press Releases

Partnership to co-develop Pundi X ecosystem and support deployment of the Pundi X POS in Korea

 

Seoul – July 20, 2018 — UBIVELOX (089850), the KRX-listed company and world’s sixth-largest manufacturer of smart cards, today announced its entry into the cryptocurrency market following a deal with Pundi X, the developer of a blockchain-based point-of-sale (“POS”) solution.

Through a strategic alliance signed at Pundi X’s R&D centre in Shenzhen on Thursday, UBIVELOX, which is a leading world innovator in smart cards, security and communications devices, will support the deployment and development of the Pundi X POS in Korea. A global cryptocurrency centre, Korea is one of Pundi X’s primary launch markets for Pundi X’s point of sales (“POS) device that enables consumers to pay for goods in physical stores in multiple cryptocurrencies.

The signing of an agreement will form part of a broader business partnership including the development of options for the distribution of Pundi X’s multiple-cryptocurrency enabled XPASS cards, leveraging UBIVELOX’s deep connections with Korean businesses.

Pundi X plans a global rollout of its multi-cryptocurrencies enabled XPOS device and smart XPASS card to empower the physical retail store to conduct cryptocurrency transactions.  Currently, Pundi X has offices in Jakarta, London, Shenzhen, Tokyo, Singapore, and Sao Paulo and has actively partnered with payment gateways, global distributors and IT companies to create an environment in which cryptocurrencies can be conveniently used in real life.

As of today, Pundi X has received in excess of 5000 pre-orders for its XPOS devices from Switzerland, Japan, Korea, and Singapore, and has made contracts for 20,000 XPOS devices with the NEM Foundation over the next three years.

Prior to its entry to Korea, Pundi X has secured domestic and overseas merchants.

Through their strategic alliance, Pundi X and UBIVELOX plan to discuss business partnership across a variety of cryptocurrency business streams including the development and distribution of XPASS cards for payment the development of a mobile payment system for cryptocurrency, support for security technology for commercial cryptocurrency use on the XPOS device.

Jae Kwan Kim, Senior Vice President of UBIVELOX and Pitt Huang, Chief Technology Officer of Pundi X, signed MoU in Shenzhen on July 19, 2018

Jae Kwan Kim, Senior Vice President of UBIVELOX who led the development of the business affiliation with Pundi X said, “The idea behind Pundi X – to make cryptocurrencies easy to use in real life – can be realized more quickly and safely by combining with our smart card technology, patents, and products. Through this, it is expected that the company will play a leading role for global cryptocurrency payment market in the future.”  Mr Kim affirmed his confidence in the growth of the company.

Zac Cheah, the CEO and co-founder of Pundi X said:  “To have a partner of UBIVELOX’s pedigree in the development of smart card and security solutions is a major boost to Pundi X’s already fast-paced global rollout.

“UBIVELOX has shown itself to be an international innovator in the fields of smart card, mobile and blockchain developments. To have them collaborating with us on the rollout of the XPASS but also to secure important additions to its security and utility will help our deployment considerably, not just in Korea but worldwide”.

Pundi X has developed a market-leading blockchain-based XPOS device that can accept not only credit card, cash, mobile payment apps but also cryptocurrency.  Through this, Pundi X enables mainstream consumers to buy cryptocurrency at offline stores using cash, bank card, mobile app or XPASS, or pay for goods in stores.

UBIVELOX has been supplying smart card chips that are competitive in finance, telecommunication, transportation, public and various fields based on its smart card technology.  The company’s development and supply of smart card integration solutions to financial institutions was a market first for domestic technology and demonstrates its strong enterprise position.

The company has filed other three patents relating to blockchains along with cryptocurrency payment system and payment method using cryptocurrency (in Korea and China)

Contact: Jae-gil Lim, UBIVELOX, Head of IR Dept. (02-597-3023)

About UBIVELOX

The world’s sixth-largest maker of smart cards, Ubivelox Inc engages in the smart card and mobile convergence businesses internationally. The company offers contact cards, dual-interface cards, embedded secure element products, subscriber identity module (SIM) cards, and others. It also provides mobile payment solutions, mobile wallet solutions, and e-coupons. In addition, the company offers various platforms, including Personalization Management System, a data preparation process software; Personalization Authentication System, a small issuance system to generate and personalize products desired by user’s need; Smart Card Management System; Trusted Service Manager, an integrated service platform; and ePurse solution, a pre-paid solution. Further, it provides M2M SIM, a solution that enables secure Internet of Things using encrypted communication methods, including 3G, NFC, BLE, WiFi, and RFID for automotive, metering, remote management, and industrial data collection applications. The company’s products are used in banking and finance, telecommunication, and transportation fields, as well as national ID cards. Ubivelox Inc was founded in 2000 and is based in Seoul, South Korea. For more information, please visit www.ubivelox.com/.

About Pundi X

Pundi X (Currency: NPXS), a multi-cryptocurrency point-of-sale (“POS”) solution provider, empowers blockchain developers, exchange platforms, crypto traders and token holders to buy, sell and spend cryptocurrency at any physical store in the world. The company’s solution also enables the retail store owners who are seeking to accept digital currencies so that they can do ‘cryptocurrency to fiat’ or ‘crypto to crypto’ transactions for the mainstream consumers.

The company is aiming to roll out more than 100,000 blockchain-based POS devices worldwide in a major challenge to the status quo of the US$ 2.2-trillion global retail payments market.

Headquartered in Jakarta, Pundi X has offices in London, São Paulo, Shenzhen, Singapore, and Tokyo. For more information, please visit https://pundix.com/.

Pundi X NEWS

Chubb Square, 8th Floor, Jl. MH Thamrin No. 10, Jakarta Pusat, 10220

Tags: CryptocurrencyKRXNPXSPundi XsponsoredUBIVELOX
Previous Post

Fortune’s 40 Under 40 List Ranked Coinbase CEO Higher than Rihanna

Next Post

EOS’ Blockchain Beats Visa at Transaction Speeds

Adriana M.

Adriana M.

Related Posts

BC.GAME Announces the Partnership with Leicester City and New $BC Token!

BC.GAME Announces the Partnership with Leicester City and New $BC Token!

by Hellen
July 8, 2024

The leading iGaming platform BC.GAME has secured a significant partnership with English Premier League Club Leicester City Football Club, becoming...

crypto casino games

Cryptocurrencies Payments Have Arrived to ReSpin Casino Worldwide

by Hellen
June 12, 2024

Respin is an online casino designed to make your online betting experience a new and attractive experience.You can be an...

BC.GAME Honored with the “Best Casino Operator 2023” Award from SiGMA

BC.GAME Honored with the “Best Casino Operator 2023” Award from SiGMA

by Hellen
December 4, 2023

Malta, November 15, 2023 - BC.GAME, a leading innovator in online gambling, proudly announces its recognition with the prestigious Best...

caiz

CAIZ Is Leading the Way in Sustainable Finance and Empowering Climate Action

by Hellen
October 4, 2023

The global financial sector is facing an important moment as the climate change crisis reaches an acute stage. In this...

David Luiz

​​Brazilian Footballer David Luiz is Now the Brand Ambassador for BC.GAME

by Hellen
December 22, 2022

BC.GAME has announced that David Luiz, a Brazilian professional football player of the Flamengo team, has become its official brand...

BC.GAME Lottery Event

BC.GAME is Hosting A Huge Lottery Event to Celebrate Argentina’s Historic Win

by Nicoleta Balan
December 20, 2022

Buenos Aires, Argentina, December 20, 2022 – BC.GAME, AFA’s official crypto casino sponsor, is celebrating Messi and Argentina’s legendary win...

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.