X Infinity joins force with Fiii: FiiiPOS accepts payment from XIF Wallet
X Infinity is making strides towards enabling mass cryptocurrency adoption in everyday life after unveiling a partnership with a Point-of-Sale system.
Fiii and X Infinity signed a Memorandum of Understanding at the Asia Hackathon 2018 and Hacker Panda Carnival on Sunday, August 26. The MoU means users will be able to use the FiiiPOS to accept payment from X Infinity wallet.
The partnership came barely a week after X Infinity raised $20.5 million from its private sale, and is another step towards its vision of creating a unified cryptocurrency wallet that allows consumers and merchants the ability to transact as easily using any blockchain asset as a currency.
The FiiiPOS is a Point-of-Sale terminal supporting multiple payment functions — even cryptocurrency-compatible. Designed with a patented technology, FiiiPOS supports a multitude of functions including NFC, Bluetooth, code-scanning, GPS close-range payments and facial recognition. Powered by their patented Bluetooth payment technology, it is designed to receive custom data payload broadcasted by any compatible smartphone via Bluetooth. With this technology, users can share payment data securely even when offline.
The Asia Hackathon is a technology challenge event designed for blockchain security and protection measures that is initiated by Hacker Panda, with the theme “Online Application Experiment of Blockchain Payment Solution”. During the competition, 80 participants attempted to crack the hardware terminal FiiiPOS and its software application FiiiPay.
Not just for the tech-savvy, the Hacker Panda Carnival at The School Jaya One, Kuala Lumpur, was joined by over 70 vendors, indicating increasing public support of a cashless digital payment system. The carnival bazaar featured games like ring toss and pop-gun shooting, as well as live performances by singers Andrea Lee, Brendan De Cruz, Melissa Sasa and Fabian Mark Peter.
The carnival was a proving ground for X Infinity as a practical payment solution in the “real world”. With the emergence of different cryptocurrency assets, the number of users and businesses that struggles to use existing infrastructures to interconnect physical and virtual platforms is increasing. With cryptocurrencies’ price volatility and low liquidity, merchants hesitate to accept them as payment; this is notwithstanding the burden of accepting a broad range of cryptocurrencies.
X Infinity proved to be a success as at the Hacker Panda Carnival, offering the maximum degree of convenience while adhering to the highest security standards in the ecosystem. It does so by aggregating a user’s blockchain assets through a single wallet, providing user with the ability to link their assets to a payment card. Thus, users can then pay with digital currency at any card-accepting-merchant with real-time settlement to the blockchain.
X Infinity will launch its physical debit card by the fourth quarter this year. The card would function as a normal debit card, allowing cryptocurrency owners to transact at all major global ATMs and outlets where merchant services are accepted.
The August 26 event was the last day of an 8-day global online competition which started in Shenzhen, China.
Until September 15, users who download and register for a new XIF wallet will be eligible for an airdrop. The X Infinity app is available for iOS and Android devices.
External links:
X-Infinity Website: http://www.xinfinity.io
X-Infinity Telegram: https://t.me/XInfinity_Official
X-Infinity BitcoinTalk: https://bitcointalk.org/index.php?topic=4640990.0
X-Infinity Reddit: https://www.reddit.com/r/XInfinity
