Pundi X & Nigeria and move towards Cryptocurrency adoption – First Bitcoin/Naira POS Transfer

Hi guys it’s Majesty Ibianga here with the
Financial Drive-Thru, where we help you get an edge in the cryptocurrency and
financial markets through up to date news, information and everything you need
to get settled in the space. And I’ve got a good one for my Nigerian viewers today. I
stumbled upon this tweet, it’s by PundiXLabs I think that’s PundiX, the company and this is the first live bitcoin to
Nigerian Naira transaction on XPOS terminals and this was done successfully
in Nigeria. Here they are thanking the team and the MD of Joetech system and
the NPXS contributors for their support. so we’re just gonna cut straight
into the video and see because I’m quite excited about this – I’ve been
talking a lot about mass adoption and especially in Africa where not much
stuff is happening in Crypto, this is a huge deal so I’m gonna play that right now (trails off) – ” The
Xpos in my hand we’ve got 0.01 btc or 1000 NPXS
tokens and I will be spending out of my 0.01btc to do a 200 Naira
transaction.That is the cashier, and I’ve just popped into the store and the POS
is giving me three options To pay cash or to pay
with an XPass card or XWallet if you pay with Xwallet you can do so you can see the camera here you can use to pay
with a QR code all you need is just to scan a QR code
on the X wallet and then you can scan the QR code with the Xpos. Today we use the XPass So I’ve just click on the X pass
and it’s asked me to use PundiXPass I’ve clicked on the Pundi XPass and see what’s gonna happen it’s given me the options to either pay with
different currencies that are supported at the moment – we’ve got BTC, Ethereum, NPXS token and Binance token I’m gonna choose BTC at the moment
and if you can see, it automatically calculates for you the
accurate coin market cap rate from converting the digital currency we have chosen which is Bitcoin to the local currency which is naira and
you have two seconds lock-in period to safeguard the consumer and the merchant
and right now I’m just gonna click on that there we go. Thats the FIRST live transaction in Afirca, it happened in Nigeria. Blockchain adoption is possible thank you for a
wonderful community and thank you for all these wonderful people who sacrificed
their time for me for two days! for two days!! for two days!! thank you everybody
made my day thank you to all my management as well as PundiX. we said we
gonna do this and we’re doing it. I will continue to collaborate and partner with
people that believe in the adoption and scalability and speed of blockchain.thank
you everybody We will continue to crack the code as usual. Thank you.” That was a good one, not exactly the smoothest demo I saw the guy have some issues but all in all, I
think it was a pretty good effort and i’m quite pleased with the fact that this is
happening actually in Nigeria because you know we’ve been going on and on about
mass adoption and use case scenarios and while I still don’t feel that a lot of
people are gonna jump on this in the sense that people still haven’t reach
the point where they are willing to use their crypto to buy things like coffee
and the regular miscellaneous use cases, but it does show that we’re getting out
there and so this is huge so since I saw this I’ve reached out to
PundiX to see if I can get to speak to someone in their team, I’m optimistic and
I hope the size of my channel isn’t exactly an issue but yeah that’s
definitely something to look forward to and I want to know your thoughts in the
comment section of the video let me know what you think about this, is this a huge
deal? and I’d love to know what this means to you in the comments so do let
me know. I checked out the PundiX website as well, they have some pretty
good things lined up and I’m gonna link the website in the detail section of the
video so you can look it up yourself as well. if I do hear back from them
favorably, I’ll be doing a more in depth review on this and I definitely love to
have you around for that so if you like this kind of content, do smash the like
button definitely hit the subscribe button so you can catch my other videos as they
drop, and if this is your first time watching (if you’re a first time ‘driver’) I
really love to have you stick around so i’d love to have you hit the subscribe button – I do
these videos a couple of times each week so about three or four videos each week
and my basic aim is to make sure that you get an edge in the cryptocurrency and
financial markets by staying up to date with trends ,so I’d love to have you around and show you
some more stuff that’s going on in crypto so stay tuned and once again, my
name is Majesty Ibianga and this has been another edition of the Financial Drive-Thru

5 thoughts on “Pundi X & Nigeria and move towards Cryptocurrency adoption – First Bitcoin/Naira POS Transfer”

  1. Let me know your thoughts about the future of Cryptocurrencies in Africa. What use cases do you see this making possible in the future?

  2. I am not from Afrika and no little what is happening throughout the continent other than colonization, so my fear would be that foreigners will somehow introduce and manipulate cryptocurrency in Afrika. I hope Afrikan leaders throughout the continent is seriously looking at cryptocurrency adoption bringing banking to the un-banked, passive income and control of one's money protecting it from local fiat currency abuse.

    I know Dentcoin, (Dent Wireless), is accepted in Nigeria, do you know how well it is being accepted?

  3. I tried to warn everyone last year about the Bitcoin free fall and how it would go under $5,000.
    (NPXS) is finally coming out of its hole. Excited – (NPXS) .09 TO .16 CENTS

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