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Pundi X Labs Announces Partnership with HYVE Marketplace

Singaporean crypto-blockchain network Pundi X announced on Friday that it has entered into a partnership with the Malta-based DeFi centric autonomous ecosystem HYVE. Pundi X will issue 20,000 co-branded XPASS and will provide HYVE users an efficient and easy way to cash out their earnings.

In the official Medium post, Pundi X stated that it will work together with HYVE to create co-branded digital cards via its platform. These cards will be used by HYVE’s users to cash out their earnings which can be spent at stores integrated with Pundi X’s XPOS point-of-sale devices. Commenting on the partnership, Pundi X CEO Zac Cheah said that since HYVE is primarily engaged with freelancers who are involved in international transactions, it is a chance for Pundi X to show that digital assets are a better alternative to cash.

Cheah further added that Pundi X will make sure that the asset transfers are secure and quick. Tudor Stomff, CEO of HYVE, said that working with Pundi X makes it easier for them to enable freelancers to access their hard-earned money by eliminating the middlemen. He also said that their collaboration with Pundi X will give their users an opportunity to explore cryptocurrencies and diversify their assets.

Stomff added,

Stomff added

HYVE is a DeFi centric autonomous platform that allows workers from all over the world to collaborate and work together and offers a seamless experience. Pundi X builds and provides enterprise blockchain solutions, making digital assets accessible to a global audience.

Albert Arroyo

Albert Arroyo is a lead news writer at CapitalBay.News. Albert has a penchant for Blockchain and Cryptocurrency. He strongly believes that these innovations will alter the existing systems as we gear towards the fourth industrial revolution.

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