Crypto Payments Firm Pundi X Expands in South America with New Office in Brazil

Indonesia-based blockchain company Pundi X is set to establish an office in Brazil as part of its efforts to expand into the increasingly crypto-aware South American market. This announcement was made in a recent post.

In Brazil, Pundi X intends to distribute its point-of-sale (POS) terminals, referred to as X POS. The company has already shipped the initial batch of these machines and has formed partnerships with a number of local retailers, though specific details about these merchants were not disclosed.

The choice to open its headquarters in Sao Paulo was influenced by the growing interest in digital currencies across South America.