Pundi X and Borghese Ventures launch Blockchain technology in Cyprus

According to a source from PRNewswire, Pundi X and Borghese Ventures have partnered up and signed a memorandum of understanding (MoU) to study the application of blockchain tech in the Cypriot private and public industries.

The two companies will study the feasibility of the project."Having already signed the European Blockchain Partnership, the Government of the Republic of Cyprus is firm in its stance on ensuring wider deployment of blockchain-based services as an innovative technology that can improve the lives of our communities, in full compliance with EU laws," said H.E. Mr. Demetris Syllouris, the President of the Parliament.

"We welcome the collaboration between Pundi X and Borghese Ventures, and we look forward to how their services will help and improve the transparency and efficiency of our businesses in the near future. Through such partnerships we contribute to sustaining the competitiveness of the European Union within the international arena."

Pundi X and Borghese will try to locate problems and discrepencies that can be solved via blockchain and focus on healthcare, law, fintech, edtech, shipping, land registry, certifications, charity, and many more.

"When processes in these industries are taken to the blockchain, businesses will have a more secure, more seamless and more straightforward experience," said Joseph Borghese, Founder and CEO of Borghese Ventures. "We're excited to work with Pundi X, bridging blockchain technology between Singapore and Cyprus and implementing these solutions that will have immense benefits for consumers and citizens."

Pundi is looking into solving various problems and providing payment solutions. "By integrating blockchain technology into payments, both customers and retailers can expect a higher level of security and accountability with their transactions," said Zac Cheah, Co-founder and CEO of Pundi X. "We will be collaborating with Borghese Ventures to onboard more Cypriot retailers into our global payment network in the near future."