Pundi X partners with OVO Dijital Servisler to bring crypto transactions to Turkey

By Leandra Monteiro

Following the growing popularity of cryptocurrency and cryptocurrency-related services in recent years, blockchain solution developer Pundi X announced that its products and services will now be available in Turkey via distribution by platform-as-a-solution company OVO Dijital Servisler A.S.

The distribution of Pundi X products in Turkey will primarily focus on business owners looking to facilitate easy in-store cryptocurrency exchange. How this will work is that Pundi X will focus on setting up physical cryptocurrency exchange spots, where trading cryptocurrency is as easy as traditional money exchange.

According to research conducted by The World Economic Forum (WEF), Turkey is the 4th in the world with 16% share in the interest for cryptocurrencies, and also the top-ranked country in the Eurozone.

Hakan Akyüz, the General Manager of OVO, emphasizes the collaboration’s compliance with Turkish rules and regulations. “Pundi X platform is fully compliant to the new crypto asset regulation announced by the Central Bank of Republic of Turkey on Apr 16, 2021,” he said. “There is [even] no need for large sums for this as there is no sub-transaction limit on the platform. In other words, consumers who are interested in cryptocurrencies will be able to visit any Pundi X point and perform crypto transactions even in small amounts like 5 Turkish lira.”

OVO holds years of experience enabling mobile payments in Turkey. Some of their products include the oWallet which leverages Apple Wallet and Android Wallet tech to easily give insights into customer spending habits and help companies improve their relationships with their customers. Turkish business owners will be able to use Pundi X products such as the XPOS, which are capable of enabling blockchain-based transactions with a card swipe and the XPASS, which acts as a digital wallet for digital assets to facilitate the ownership of crypto assets for their customers.

Businesses interested in becoming Pundi X dealers will now be able to select their preferred starter packs—including all the technological infrastructure and marketing materials. 100 limited spots with an offer of $1500 can be applied from pundixturkiye.com.