Venezuela’s largest chain of stores Traki enables crypto payment

Through the XPOS, Traki customers are able to use various cryptocurrencies as payment options for the retailer’s products, such as Bitcoin, Ether, Binance Coin, DAI, XEM, KCS, KNC, and Pundi X’s own tokens, the NPXS and NPXSXEM. The XPOS thus gives Traki’s customers a more secure and more seamless transaction option than traditional fiat currencies. All the transaction fee will be paid in NPXS and NPXSXEM.

“Traki has been one of the early adopters of cryptocurrencies in Venezuela, which highlights its commitment to improve the traditional financial system,” said Zac Cheah, Co-founder and CEO of Pundi X. “We hope the XPOS further expands the crypto use cases that customers have come to expect from Traki.”

Venezuela is among the countries with the highest volume of crypto assets transactions. There are more wallets that have been activated and used for the purchase of goods and services. Factors such as hyperinflation and lack of cash makes cryptocurrencies a necessary form of commercial trade, and a perfect way to protect the value of liquid assets.