Indonesia-based blockchain retail company Pundi X Labs has enabled the clients of four restaurants run by organic food chain FAMA Group in Hong Kong to pay with physical crypto-charged cards via Pundi X retail devices.
According to a press release Tuesday, diners will be able to make purchases with a number of tokens including Bitcoin, /ADI and Pundi X’s /NPXS. Pundi X said its POS solution enables retail store owners who wish to accept digital currencies, to do so either by ‘cryptocurrency to fiat’ or ‘crypto to crypto’ transactions for mainstream consumers.
FAMA Group operates its own organic grocery store, concierge preventive health clinic, farmers market, café, fast food restaurants and full service restaurants. The company is on a mission to nurture their community to a healthier and happier place by sharing their knowledge and making organic and locally grown products accessible, affordable, and convenient.
The Pundi X devices were installed at four partner restaurants in the FAMA Group. These include Locofama, Sohofama, SUPAFOOD and the Hive Cafe. Larry Tang, founder of the FAMA Group.
“Our restaurants celebrate traditional methods in our cuisine, but we also see ourselves as innovators and are pleased to be on the frontline in enabling customers to settle their bill with bitcoin or ether-based cryptocurrency by using a secure payment option such as the Pundi X POS,”
n an initiative seeking to bring cryptocurrencies closer to both retailers and consumers, Pundi X is giving away the so-called X PASS physical cards pre-charged with several virtual currencies, the company said on Wednesday.
Read more: Each X PASS card is charged with 0.001 BTC, 500 NPXS (Pundi X’s own coin), and 50 ADI, with the total value corresponding to about HK$73.70 (around $9.40). The blockchain company has already installed POS terminals at the four locations.
Pundi X co-founder and CEO Zac Cheah,
“Adoption of cryptocurrencies in East Asia is probably the highest in the world, however, there are still few channels for spending digital currency today and this is what we want to change by working with retail outlets such as the forward-thinking FAMA Group,”
After recently establishing a European base in London, Pundi X announced in April that it would start a company buyback program of its /NPX tokens amid what it said was unprecedented demand for its retail POS systems in Asia.