Pundi X partners with Kapytal exchange to launch operations in Mexico
In Blockchain Summit Latam 2019 held in Mexico City on July 4th, we are pleased to announce our partnerships with Kapytal, a Mexican digital asset exchange to launch our products through a distribution agreement.
Kapytal becomes an official distributor for Pundi X in Mexico and plans to start operations by August 1st. Besides distributing the XPOS — a Point-of-sale device connected to the Blockchain — and the XPass cards — a physical card connected to Pundi XWallet, Kapytal Exchange will also provide liquidity for merchants willing to cash-out Mexican Pesos straight to their bank accounts.
Through convenience stores, newsstands, and other retail outlets, Mexican citizens will be able to acquire cryptocurrencies as well as to make payments through Pundi X platform.
According to Omar, CEO of Kapytal Exchange, the roll-out will kick off in Mexico City. With its more than 20 million inhabitants which includes a large population of Latin American immigrants, he said that many use cases such as remittances will be explored.
“It’s definitely a great achievement to roll-out Pundi X solutions in the vast market of Mexico, also known to be one of the biggest corridors for remittances” said Joao Victor Mendes, Country Manager for Pundi X in Latin America.
Kapytal Exchange is a digital asset exchange that bridges the new digital economy with the traditional financial system, allowing its users to buy and sell cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Binance Coin and Dai for Mexican Pesos (MXN).
With an advanced integration into the Mexican banking system and innovative money transfer solutions, fully compliant with national and international regulations, and best security practices, Kapytal Exchange is the best option to operate cryptocurrencies in Mexico and Latin America.
Kapytal is committed to transform remittances by making them cheaper, faster and more convenient using blockchain technology to facilitate national and international payments. Website: http://kapytal.io