Pundi X and Borghese Ventures have established a strategic partnership and formalized their collaboration through a memorandum of understanding (MoU). Their primary objective is to explore the practical applications of blockchain technology within both the private and public sectors of Cyprus.
This partnership seeks to assess the feasibility of implementing blockchain solutions across various domains. H.E. Mr. Demetris Syllouris, the President of the Parliament, emphasized the Cypriot government’s commitment to embracing blockchain-based services as an innovative technology in alignment with EU regulations. He welcomed the collaboration between Pundi X and Borghese Ventures, expressing anticipation for the positive impact of their services on enhancing transparency and efficiency in local businesses.
Pundi X and Borghese Ventures will focus their efforts on identifying challenges and discrepancies that can be effectively addressed through blockchain technology. Their areas of interest encompass healthcare, law, fintech, edtech, shipping, land registry, certifications, charity, and more.
Joseph Borghese, Founder and CEO of Borghese Ventures, emphasized the potential for blockchain to enhance security, streamline processes, and provide a more seamless experience for businesses in these sectors. He expressed enthusiasm about working alongside Pundi X to bridge blockchain technology between Singapore and Cyprus, delivering solutions with significant benefits for consumers and citizens alike.
Pundi X aims to tackle various issues and offer innovative payment solutions by integrating blockchain technology into transactions. Zac Cheah, Co-founder and CEO of Pundi X, highlighted the potential for heightened security and accountability in transactions, benefiting both customers and retailers. The collaboration with Borghese Ventures also envisions expanding the global payment network by onboarding more Cypriot retailers in the near future.