Pundi X Coin: A Smart Investment Decision?

Pundi X (NPXS) is a cryptocurrency project created in 2017 by two IT and computer security professionals, Pitt Huang and Zac Cheah. The goal of Pundi X is to increase the adoption of blockchain technology by making it easy to use cryptocurrencies in real life. In January 2018, the Pundi X ICO raised $35 million in just 10 days. The funds helped Pundi X become one of the first solutions to allow blockchain enthusiasts to use cryptocurrencies in their everyday lives. Pundi X has since expanded globally and currently operates in over 25 countries. The Pundi X platform includes a suite of cryptocurrency payment solutions, including XPOS, XPASS, and XWallet. XPOS is a blockchain-based point-of-sale (POS) terminal that enables easy crypto payments in retail stores, similar to typical card readers. XWallet is the native cryptocurrency wallet of the Pundi X ecosystem, supporting multiple coins and tokens. XPASS is a crypto debit card issued to XWallet users, allowing them to make online purchases. With its focus on practical applications of blockchain technology and its pioneering role in enabling cryptocurrency use in daily life, Pundi X has the potential to be a good investment opportunity.

Pundi X's real-world applications

Pundi X is a blockchain-based point-of-sale (POS) system that aims to make buying cryptocurrency as easy as buying a bottle of water. The project is focused on building a large, decentralised crypto point-of-sale network through merchant devices, cards, and crypto wallets.

The Pundi X POS device began production in February 2018 and has been shipped to merchants since July of the same year. The device allows customers to pay for goods with cryptocurrency stored in their mobile wallet and can also be used to buy cryptocurrencies (BTC, ETH, XEM, QTUM, or ACT) to top up the wallet. The POS system also serves merchants by incorporating inventory, membership, and identity management features.

Pundi X has also released the XPASS card, which works together with the mobile app and wallet, enabling payments and deposits by card that are pulled from the mobile wallet. The XPASS card currently supports BTC, BNB, ETH, and NPXS.

The Pundi X platform also includes the XWallet, a mobile wallet that simplifies key management for users by storing public and private keys and using a password system. The wallet can hold BTC, ETH, BNB, and NSPX, as well as fiat currencies, with plans to add support for additional currencies over time.

Pundi X has established partnerships with governments, payment companies, and retailers, and currently operates in more than 30 markets worldwide. The company has also partnered with blockchain companies such as NEM and iBank, as well as industry associations like the Indonesian Blockchain Association and the Singapore Fintech Association.

The company's business plan

Pundi X's business plan is centred around its XPOS technology, which is a blockchain-based point-of-sale (POS) terminal that enables easy crypto payments in retail stores. The company aims to deploy 100,000 XPOS devices in 12 countries, creating a vast platform that can reach tens of millions of customers. Pundi X intends to monetise this by creating a DApp Store, offering solutions such as food ordering, check out, rewards points, and cryptocurrency sales.

The XPOS device is similar to a typical card reader but allows customers to pay with crypto instead of fiat. It is integrated with two blockchains – Ethereum and NEM. NEM was chosen because it is popular with Asian financial institutions and enables nearly instantaneous payments. The XPOS device will also support other cryptocurrencies such as Bitcoin, Qtum, and NEM.

Pundi X also offers a mobile wallet, XWallet, which is a multi-currency mobile wallet that supports a large number of coins and tokens, including Bitcoin, Ethereum, and ERC-20 tokens.

The company's card payment system, XPASS, works together with the mobile app and wallet, enabling payments and deposits by card that are pulled from the mobile wallet.

Pundi X's business plan is to make buying cryptocurrency as easy as "buying bottled water". The company has been deploying its blockchain-based POS solution and solidifying partnerships with governments, payment companies, and retailers.

The Pundi XPOS

The XPOS offers a range of benefits to store owners. Firstly, it contributes to the future of commerce by enabling fast-paced growth and promoting financial inclusion. Secondly, it provides a borderless payment ecosystem that transcends traditional fiat currency, helping to mitigate issues with foreign exchange and the instability of fiat currency. Thirdly, the XPOS can support marketing and loyalty programs, increase the value of store properties through an intelligent clearing system, and reduce costs while increasing revenues.

Pundi X has successfully deployed its XPOS solution in over 25 markets, including the United States, Spain, Argentina, Korea, Australia, Colombia, Spain, and Taiwan. The company has also established partnerships with governments, payment companies, and retailers to solidify the adoption of its blockchain-based POS technology.

In addition to the XPOS hardware, Pundi X also offers the XWallet mobile app, which serves as a bridge between regular digital asset wallets and the Pundi X payment ecosystem. The XWallet allows users to manage their digital assets, make transfers, check balances, and top up their wallets with supported cryptocurrencies. The XWallet is integrated with the XPASS virtual card, which is issued to every registered XWallet user.

The future of the NPXS token

The company's XPOS devices, already in use in over 25 countries, allow people to pay with crypto in retail stores, making the process as simple as paying with a card or using a mobile wallet. This technology has the potential to disrupt the market by offering an effective payment alternative to traditional fiat currency.

Pundi X's focus on practical applications of blockchain technology is key to its success. The XPOS devices, combined with the XWallet and XPASS card, make using cryptocurrency much more accessible, especially in regions with unstable currencies and high inflation, such as Colombia.

The NPXS token is an ERC-20 token on the Ethereum network, with a max supply of 258,526,640,301 NPXS. It is a unique digital asset that powers the Pundi X ecosystem, and its value is expected to increase as crypto gains popularity and Pundi X expands its reach.

While some analysts predict a slow and steady growth for NPXS, others believe it could reach $1 in the foreseeable future. The reality will likely be somewhere in the middle, with the token's price reflecting its growing real-world use cases and Pundi X's ability to market and distribute its XPOS devices effectively.

With its ambitious plans, experienced team, and focus on practical applications, Pundi X is well-positioned to bring cryptocurrency to the masses and positively impact the future of digital currency transactions.

Pundi X's partnerships

Pundi X has established several partnerships to help spread its platform and ensure both short-term growth and long-term stability. The most significant partnership has been with NEM, which allows Pundi X to confirm transactions instantly. Without this partnership, it would be difficult for Pundi X to gain traction with consumers, who are not willing to wait several minutes for a transaction to be confirmed. The fast and inexpensive transactions provided by NEM make it possible for Pundi X to gain mainstream adoption.

Pundi X has also spent time positioning itself within the cryptocurrency ecosystem, establishing partnerships with the Indonesian Blockchain Association, the Singapore Fintech Association, the XPOS Consortium, ACCESS, the Fintech Association of Hong Kong, and the Swiss Finance and Fintech Association. The latter led to a further partnership with Swiss company UTRUST, who committed to deploying 1,000 Pundi X POS devices.

Pundi X has also partnered with iBank for the release and distribution of the XPASS cards. They offer both the standard XPASS card and a special edition Cao Jun-designed card. Pundi X has also released a Manga-themed XPASS card that also supports NEM and Qtum.

In addition, Pundi X and Manticora Capital plan to set up 1,000 Pundi XPOS payment terminals across Colombia, which will be placed in stores, hotels, and other businesses. This means that average people, not just tech enthusiasts, will use the devices.

Pundi X has also secured a partnership to introduce the XPOS to the government and public sector.

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