The Pundi X POS Makes Its International, In-store Debut — In Hong Kong!
Hong Kong, July 10, 2018 - As you know late last month we began shipping over 500 of our XPOS devices to select locations around the world for pilot testing. Today we reveal the first locations to install our XPOS and begin allowing customers to make purchases with XPASS cards in a series of top restaurants in Hong Kong.
The locally-sourced, organic restaurant chain FAMA group begins allowing customers to settle bills in cryptocurrencies as part of a digital currency giveaway promotion we are running for the duration of the 2018 RISE conference in Hong Kong.
To celebrate this partnership, from July 9 to 12 we are distributing a selection of our X PASS cards to conference attendees for use at four participating FAMA restaurants, including: Sohofama, SUPAFOOD, the Hive Cafe and Locofama. Holders of the card can redeem the value of the cards for free meals, drinks and snacks on the XPOS devices we have pre-installed at each restaurant.
We’re kicking off the partnership with this initial promotion to educate retailers and consumers about using cryptocurrency as payment option.
“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,” said Larry Tang, founder of the FAMA group.
Our co-founder and CEO, Zac said: “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 Locofama group.
“As a first step, we want to educate the consumers to see how easy it is to use cryptocurrency so we decided to give away digital currency in the Pundi X PASS cards in order to encourage people to test drive the Pundi X POS device.
“This is the first of many partnerships that we will be setting up across Asia to encourage more widespread use of cryptocurrency in the retail economy over the longer term”.
Terms and conditions for RISE 2018 XPASS card promotion
Under the terms of this promotion, consumers can take a Pundi X Pass Card to the cashier in any one of the four participating FAMA group outlets to make purchases, depending on the total value of the card presented. Tokens in the RISE 2018 XPASS cards cannot be transferred or topped up and cannot be redeemed for cash. If the gift card is lost, stolen or damaged, no replacement can be provided. In case of card balance enquiries, consumers are invited to check with participating XPOS partners.
Pundi X Pass Cards are only redeemable at the following participating restaurants:
LOCOFAMA: G/F, 9–13 Fuk Sau Lane, Sai Ying Poon, Hong Kong www.locofama.com SUPAFOOD: G/F, 1 Jervois Street, Sheung Wan, Hong Kong supafood.co SOHOFAMA: G/F, Block A, PMQ, 35 Aberdeen Street, Central Hong Kong www.sohofama.com THE HIVE CAFE BY LOCOFAMA: 3/F, 33–35 Hillier Street, Sheung Wan, Hong Kong