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

    Increased Demand Requires Increase in Nodes. Here’s Everything You Need to Know About Bitcoin Mining During Lockdown

    Bitcoin wallet

    BitcoinOfficial.org- Create a Bitcoin Wallet. Official Website.

    Bitcoin price

    What Drives Bitcoin Price?

    Mining

    Railway Authorities in Ukraine Shut Down Unlawful Mining Outfit

    Bitcoin

    Economic Crises Will Not Affect Bitcoin: Ledger Founder

    Supply and Demand

    Bitcoin’s Demand and Supply Dynamics are Constant: Bitwise COO

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

    Bitcoin, Ethereum, and Ripple Price Prediction in June 2020

    XTZ

    TEZOS (XTZ) Join the Top 10 Crypto Coin List

    MakerDAO

    MakerDAO to Implement New Security Feature After Loophole Detected in System

    BCH

    BCH Successfully Completed a Scheduled Fork, Added Minor Upgrades

    CUSD Stablecoin

    Canadian BVCI Launches Another Stablecoin CUSD

    EOS network

    EOS Network Is Running on Borrowed Resources After EIDOS Airdrop

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Bitcoin price prediction

    Bitcoin, Ethereum, and Ripple Price Prediction in January 2021

    developer

    Best Blockchain Jobs in 2021 and You Are NOT a Developer

    Dogecoin price

    Will Dogecoin Price Go Up? | Here Are Some Predictions for 2021

    online gambling

    How Cryptocurrency Is Changing Online Gambling

    Cryptocurrency Price Prediction

    Top 10 Cryptocurrency Price Prediction Platforms to Follow Now

    Buy Bitcoin on Cash App

    How to Buy and Sell Bitcoin (BTC) on Cash App

  • 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.

Invest at your own risk notice : The information on this website and the links provided are for general information only and should not constitute any financial or investment advice. We strongly recommend you to conduct your own research or consult a qualified investment advisor before making any financial decisions. We are not responsible for any loss caused by any information provided directly or indirectly on this website.

Related Posts

Unlex

Unlex: A Guide to a $77 000 000 Blockchain Giant

by Ionela C.
October 20, 2020

Unlex LTD, one of the oldest blockchain companies, announces the grand opening of its "Unlex Mining" venture, which brings historically...

hackathon

Indorse Announces Blockchain Hackathon Tackling Challenges Posed by COVID-19

by Ionela C.
September 3, 2020

The massive global online hackathon will explore Blockchain technology's potential to respond to social, healthcare, and economic challenges posed by...

Sendbit.io

Secure and Fast Crypto Banking Solution and Wallet Only at Sendbit.io

by Lavinia C.
July 1, 2020

Crypto market fluctuations have deterred many merchants and users from getting involved with digital assets, such as Bitcoin, fearing they...

Locacoins

How Can You Make Some Profit with Coins?

by Ionela C.
June 3, 2020

We would like to inform you of a unique service that is called Locacoins. What Are Locacoins? This is a...

Buybitcoins

Cryptocurrency Exchange Website Buybitcoins Rolls Out New Marketplace

by Lavinia C.
May 12, 2020

Created by a group of businessmen to offer a global financial market for peer-to-peer cryptocurrency exchange, Buybitcoins aims to make...

SQUILLA.LOANS

Squilla – Instant P2P Crypto Loans

by Lavinia C.
December 23, 2019

We are happy to share with you the first beta release of our platform. We have ambitious plans to introduce...

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Investment Projects
Trust Capital LTD
Top Rated Exchanges
Binance Exchange
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

Guides & Reviews

Bitcoin price prediction

Bitcoin, Ethereum, and Ripple Price Prediction in January 2021

January 6, 2021
developer

Best Blockchain Jobs in 2021 and You Are NOT a Developer

December 22, 2020
Dogecoin price

Will Dogecoin Price Go Up? | Here Are Some Predictions for 2021

December 18, 2020
online gambling

How Cryptocurrency Is Changing Online Gambling

December 18, 2020
  • 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.