Introducing PandaBTM! – Panda BTM
PandaBTM is a portable device that makes locations become points of interest for these new digital assets enthusiasts, since it offers the option to buy and sell crypto for local currency, in a way similar to ATMs, except that they need to be run by an operator. This device makes the process of getting cryptocurrencies as easy as going to a local shop, and it intends to boost everyday use of cryptocurrencies in Latin America.
Furthermore, PandaBTM also works as a mobile Point of Sale (PoS) for payments in crypto assets, as it allows merchants to accept payments in cryptocurrencies through its integration with payment processor Xpay.
All in one place
The device uses a biometric identification system, printer, support for debit and credit cards, and a camera, in order to meet due KYC process in accordance with existing regulations, it also prints receipts from purchases and sales performed through Panda BTM.
The amounts of the purchases and sales of crypto depend directly on the cash capability of the location, nevertheless, the minimum amount for a purchase or sale in this device is 50,000 COP (roughly 15 USD). Currently, we support Bitcoin (BTC), Bitcoin Cash (BCH), Dai (DAI), and Dash (DASH), and we soon expect to add more crypto assets with high use worldwide.
Using the features of this device only takes a few minutes, apart from that, the friendly interface of the device allows anyone to perform a crypto purchase or sale, even to receive a payment in them. In short, after the identity of the client is verified through fingerprint and a photo of the I.D. document, they are registered in the system; then the client follows the steps shown in the device with the assistance from the operator to buy or sell cryptocurrencies. Accepting payments in cryptocurrencies follows the same process as in Xpay web version, where the amount and the type of crypto asset have to be defined, then it generates a QR code for the client to scan it and make the payment
PandaBTM is the new name and new image of XelerBTM, which can be found now in several locations in Colombia and Venezuela, and it is part of Panda Group conglomerate.
We invite you to follow us in Twitter, Facebook and Instagram to know more about us and keep an eye on the evolution of this project.
We encourage you to adopt cryptocurrencies and enjoy their benefits!
Published at Fri, 15 Nov 2019 02:40:17 +0000
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