What is Pundi X? – Invest In Blockchain

One of the main problems facing all cryptocurrencies that aspire to be an everyday form of money is merchant adoption. It’s a chicken-and-egg problem of stores not feeling too motivated to accept cryptocurrencies if no one is going to buy anything with it, and consumers not seeing much advantage in using cryptocurrencies over traditional money if no store accepts them.

Wallets for consumers are not so complicated, so any person who has cryptocurrency and is motivated to carry it around for spending can simply download an app for their phone and be ready to go. So one side of the chicken-and-egg problem is largely held back only by a lack of interest. With more stores offering cryptocurrency purchases, that side of the problem might resolve on its own.

Stores, however, have more complicated considerations. They need to be able to attach specific sales events to their stock or services, they need to produce records for tax purposes, they need systems that can integrate with their…