FINTECH

Blockchain Startup Pundi X Hires Former Microsoft and Ethereum Veteran

Pundi X has announced its new chief legal counsel, David Ben Kay, a lawyer to leading Asian technology companies and blockchain startups with over three decades of experience.

David is a specialist in international intellectual property and investment law and had a long career working in China, beginning with the leading international law firm Dentons.

In the following 30 years, David helped establish more than 250 companies in that country, including Microsoft’s China subsidiary which he helped set up in the early 1990s. David later joined Microsoft China as general counsel in 2003 and led the company’s work on intellectual property, anti-piracy, government relations and corporate social responsibility.

Expertise in legal issues of Blockchain technology

In recent years, he has advised over fifty start-up and early-phase technology companies and developed an expertise in legal issues involving blockchain technology.

David will assist Pundi X in navigating international legal and regulatory issues as it targets a global rollout of 100,000 XPOS devices over the next three years.

David said,

David Ben Kay

David Ben Kay

“I’m really excited about joining the Pundi X team and working with them to achieve their vision of mass inclusion: enabling consumers and merchants everywhere to use and exchange cryptocurrencies with ease. I’m also hoping we can have a positive impact on the whole ecosystem through working with industry associations and government regulatory bodies to take a rational and encouraging approach to the blockchain and cryptocurrencies.”

 

Passionate about Pundi X

“I’ve worked as an advisor to a number of blockchain-based startups, but it was Pundi X’s mission and the clarity of vision and passion of the Pundi X team that made me want to join them and contribute whatever I can to their success.”

David was an advisor and later a board member for the Ethereum Foundation, the Swiss non-profit dedicated to promoting the revolutionary blockchain-based distribution platform and smart-contract-enabled cryptocurrency of the same name. He joined Ethereum in 2015 and advised the foundation through a period of critical growth in 2016.

Zac Cheah ,CEO and co-founder said,

Zac Cheah

Zac Cheah

“Pundi X has already fielded pre-orders for our latest XPOS model from Switzerland, Japan, Korea and Singapore and expanded its presence across Southeast and East Asia, Latin America and Europe. Having an in-house counsel with David’s depth of experience and knowledge of emerging blockchain regulations will be essential to ensuring we successfully achieve a global rollout to 100-million consumers in six continents.”

Pundi X was founded with the mission of making buying and selling cryptocurrencies as easy as buying bottled water. Its blockchain-based point-of-sales solution includes hardware and software that allows users in real retail stores to buy and sell goods using cryptocurrencies.

The company has completed its public token sale on January 21 and reached its hard cap of US 35 million dollars in less than 90 minutes.

Orders have been placed for more than 25,000 XPOS devices worldwide and there is currently a two-month backlog.

Pundi’s market capitalisation exceeds $240-million, according to CoinMarketCap.com.

 

Featured image via Pixabay

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