What is Pundi X (New) (PUNDIX)?

What Is Pundi X (PUNDIX)?

Pundi X is revolutionizing the retail industry with their cutting-edge blockchain-powered devices. Their point of sale solution is based on blockchain technology, enabling retail merchants and consumers to execute lightning-fast in-store transactions.

What Makes Pundi X Unique?

Pundi X aims to bring the world of cryptocurrency to everyone by simplifying retail businesses. Rather than trying to outperform the banking system, they have created a blockchain payment system with the XPOS, XPASS, and virtual XWallet. The XPOS is the first blockchain-powered wireless point-of-sale that allows for easy buying, selling, and transacting of digital assets in physical stores, accepting every cryptocurrency. The XWallet acts as a bridge between regular digital asset wallets and the Pundi X payment ecosystem, allowing users to manage their digital assets, make transfers, check balances, and top-up supported cryptos. The virtual XPASS card is issued to every registered XWallet user. Pundi X launched the Open Platform in June 2019 to support more blockchains, which has encouraged DeFi developers and projects to register and upload their ERC20 tokens to the Pundi X ecosystem, increasing its use.

How Do Network Consensus and Validation Work on Pundi X?

Pundi X utilizes the PoS consensus mechanism and is secured by the Chainlink blockchain.

What's The Main Goal Of Pundi X?

Their aim is to create demand for both established and emerging cryptocurrencies, catering to a wide range of users. Pundi X's unique focus on the consumer market sets them apart from other online cryptocurrency exchanges, allowing them to attract a large number of new users to the world of digital currencies.

When was Pundi X founded?

Pundi X was established in 2017 and introduced the world's first point-of-sale solution during its ICO launch in January 2018. After a prosperous ICO, Pundi X has launched retail-targeted services such as XPOS, XWallet, and XPASS, as well as the first-ever blockchain phone, BOB.

Who Are the Founders of Pundi X?

Zac Cheah and Pitt Huang founded the Pundi X project in 2017. They first met in an HTML5 Interest Group in 2012, where they got the idea to integrate cryptocurrencies into the daily lives of people, which led to the creation of their startup.