17 May 2018 Jane Whitmoore
Wanchain Teams Up with Pundi X to Create the Financial Market of the Future
One of the key elements on the way to success is the extension of Wanchain’s distributed financial infrastructure with the help of the PoS solution provided by Pundi X.
Currently, the Wanchain infrastructure allows processing of cross-chain smart contracts and creates a bridge between different blockchain networks. Pundi X will empower the infrastructure in enabling easier crypto payments and transaction.
The network is built upon the best features of Ethereum, allowing Ethereum dApps to run on Wanchain with zero code changes. Users benefit from Wanchain APIs enhanced applications which guarantee privacy protection and asset exchange between different chains.
Furthermore, the enhancement of the infrastructure will have a direct effect on Wanchain’s multi-asset wallet, WAN. Users can complete token transfers in both private and public transactions. Moreover, they can build dApps and manage launches of initial coin offerings.
The partnership has another key benefit for Wanchain, as it could lead to mass adoption thanks to Pundi X’s point-of-sale devices. The company is on the way to install over 100 000 devices across 12 countries.
They are capable of processing payments with crypto and traditional mobile wallets, supporting Alipay and Bitcoin wallet.
The devices aim to open the way for cryptocurrencies to the daily shopping habits of people. The XPOS terminals can facilitate transactions and allow retailers to advertise on the side screen of the device. Furthermore, at the point of sale, customers see the price in the local currency. The sale transaction is completed through QR code scanning of the buyer’s wallet.
The future for Pundi X and Wanchain looks bright. According to a survey conducted by the Indonesia-based company, nearly 70% of the interviewed people are positive that cryptocurrencies will be mass adopted in the next 10 years. This would be possible thanks to the zero transaction costs, the privacy and security features.WAN wanchain network Pundi X