We’re excited to announce that MakerDAO’s Dai is the primary stablecoin within the Pundi X fee ecosystem.
By Open Platform, a platform for blockchain builders and enterprise to listing their digital belongings onto Pundi X’s fee ecosystem, MakerDAO’s DAI can be utilized to transact throughout the Pundi X fee community, together with the XWallet app, XPASS Card and XPOS machine.
As a stablecoin pegged to $1 USD inside the Ethereum blockchain utilizing good contracts, the change fee between DAI and USD is all the time 1:1.
“Having a stablecoin like DAI on our platform has been requested by our neighborhood for a while,” stated Zac Cheah, Co-Founder and CEO of Pundi X. “We’re very happy to onboard a stablecoin with such a longtime status as DAI to our monetary ecosystem.”
Pundi X’s international fee community consists of the XPOS machine, the world’s first blockchain-powered point-of-sale system; the XPASS card, a bodily NFC-enabled, cross-chain digital asset card to facilitate real-life crypto transactions; and the XWallet app, which permits customers to simply handle their completely different crypto belongings, corresponding to BTC, ETH, BNB, DGX, XEM, NPXS, NPXSXEM, QTUM, KNC, KCS and extra.
Subsequent month, 50,000 MakerDAO-branded XPASS playing cards will probably be obtainable to customers. Our partnership with Maker permits for subsidization of the price of manufacturing and distribution of the playing cards, in addition to the XPOS units, in 4 international locations in Latin America: Brazil, Argentina, Colombia, and Venezuela.
Specializing in these 4 Latin American international locations provides their residents the chance to make use of cryptocurrencies with out worrying about volatility. Using cryptocurrencies in Venezuela has spiked within the final couple of months, whereas Argentina can also be experiencing an analogous state of affairs with its Metro system starting to just accept top-ups with Bitcoin.
“Dai supplies a straightforward approach for folks in Latin America to flee the devaluing results of hyperinflation,” stated Nadia Alvarez, LatAm Enterprise Improvement consultant at MakerDAO. “By integrating Dai throughout its international fee community, Pundi X makes it quite simple for folks — even these unfamiliar with cryptocurrencies — to make use of Dai and have extra management over their funds.”
MakerDAO points Dai, the world’s first decentralized stablecoin on the Ethereum blockchain. Dai eliminates volatility by means of an autonomous system of good contracts particularly designed to answer market dynamics. Since its launch in 2017, Dai has efficiently maintained a delicate peg to the US Greenback. With a presence on quite a few cryptocurrency exchanges, a number of partnerships with international provide chain corporations, and agreements with organizations serving non-government companies, Maker is unlocking the facility of the blockchain to ship on the promise of financial empowerment right now. Go to www.makerdao.com.
We empower blockchain builders and token holders to transact digital belongings and providers at any bodily retailer on the planet. Telegram: http://t.me/pundix