Pundi X to integrate the support for Binance Chain
The team is now in the process of integrating support for Binance Chain. Once completed, all the token developers on Binance Chain will be able to list their tokens in the Pundi X Open Platform.
“We’re happy to announce that Open Platform will support Binance Chain tokens,” said Zac Cheah, Co-founder and CEO of Pundi X. “Binance Chain developers will be able to add more use cases for their cryptocurrencies by reaching physical stores and retailers around the world equipped with the XPOS.”
Binance is one of the largest and best known cryptocurrency exchanges today, thanks in part to its own virtual token called Binance Coin (BNB). Earlier this year, it launched a new blockchain called Binance Chain, serving as an alternative to already established chains such as Bitcoin and Ethereum. Its first use case is Binance DEX, a decentralized cryptocurrency exchange that allows users to list and trade their virtual currencies with the security offered by a blockchain.
Bring BEP2 tokens to the retail stores across 25 countries
Binance Chain developers will be able to opt to have their BEP2 tokens listed in the Pundi X Open Platform. Launched in May, Open Platform allows developers to have their cryptocurrencies be part of the Pundi X payment ecosystem.
“Our mission with Binance Chain is to have a truly decentralized platform for exchanging assets, and it’s a mission we share with our friends from Pundi X,” said Changpeng “CZ” Zhao, CEO of Binance “We look forward to seeing what new frontiers our Binance Chain token developers reach through this integration.”
Making crypto payments accessible
The Pundi X payment ecosystem revolves around the XPOS, a point-of-sale device that allows merchants to accept cryptocurrencies for their transactions. It is linked with the XPASS, a NFC-enabled physical card that can be used in all XPOS retailers, and XWallet, a mobile app that allows users to track and manage their funds.
XPOS merchants are currently able to accept payments made in Bitcoin, Ether, BNB, DGX, KCS, KNC, and Pundi X’s own token, NPXS. With the release of Open Platform, they can now accept other cryptocurrencies developed on the Ethereum and Binance Chain blockchains that opt to sign up in the platform.
“The Open Platform furthers our mission to make blockchain technology and cryptocurrency accessible to everyone,” said Cheah. “With Binance Chain on board, we hope to extend that mission to more of our fellow blockchain developers.”
Auto-swap BNB for XWallet users
From now on, we will stop providing withdrawal and deposit services for BNB ERC20. Once the integration support for BEP2 completed, we will auto-swap BNB ERC20 with BNB BEP2 for XWallet users.
We aim to complete the integration before July 1, 2019. Withdrawal and deposit of BNB BEP2 will start from 0:00:00 GMT+8 on July 1 or earlier. Please stay tuned for the announcement from the XWallet app.
