PDX Global announced live testing of the PDX Beam platform, aimed at simplifying the conversion of cryptocurrencies to fiat and executing cash transactions in mere seconds.
PDX Beam Capabilities
PDX Beam is set to become the first platform offering a full payment transaction cycle from crypto to cash. Users will be able to instantly convert cryptocurrencies to cash without traditional intermediaries. The app is expected to allow users to avoid banking fees and delays.
Technical Testing and Integration
PDX Global has completed another round of testing and announced that the app is ready for a public beta version scheduled for December 19. The app integrates with POS systems and allows merchants to accept crypto funds without the need to own a crypto account. Company leaders stated that transactions can be completed in mere seconds.
The Future of Crypto Payments by Deloitte
According to a Deloitte survey, about 85% of U.S. merchants expect cryptocurrencies to become a widespread means of payment in the coming years. As of 2022, over 2,352 businesses in the US have already accepted Bitcoin as a means of payment.
PDX Beam opens up new opportunities for using cryptocurrencies in everyday life by simplifying the payment process and reducing transaction processing time.
