Less than a decade ago, confidence in blockchain was low. A survey carried out by the UK-based HSBC in May 2017 revealed that 59% of respondents polled had never heard of blockchain technology. Four out of five people who had heard of it said they did not understand it.
From this stage, we have progressed to the point where the United States Securities and Exchange Commission approved the listing and trading of several Spot Bitcoin Exchange-traded product (ETP) shares, a development that is mirrored in Hong Kong.
This progress could not have been achieved without those motivated and visionary blockchain players who continued innovating, simplifying the process for those interested in understanding and investing in blockchain.
Pundi X is one of the most prominent and efficient additions to that list of players, and it works with the vision of making blockchain technology accessible to everyone. They believe it must be as easy and seamless as buying a bottle of water.
The Genesis of Pundi X
Today, Pundi X is known for many of its myriad achievements. Its innovative DePIN solutions, XPOS, have revolutionized retail businesses, establishing a robust borderless payment ecosystem that extends beyond fiat currencies. Pundi X also claims to offer the most versatile payment ecosystem of its class.
All these achievements trace back to the visionary foresight of Pundi X's founder, Zac Cheah, whose vision was to make cryptocurrency payment systems both simple to use and highly efficient. The team worked relentlessly to enable seamless and convenient crypto transactions for merchants and consumers through a user-friendly platform. The result is for all to see: Pundi X has grown into a much bigger provider than it had imagined.
The Standout Features of Pundi X
One of the most worthwhile and visionary solutions of Pundi X is its blockchain-powered POS solution XPOS, which empowers any store to sell and accept digital currencies. Any crypto holder or crypto ecosystem stakeholder can leverage XPOS to avail crypto exchange services in physical shops, accept crypto payment, provide crypto remittance, or tokenize loyalty points under local regulations.
XPOS is compatible with multiple blockchains, including BTC mainnet, BTC Lightning network, Ethereum, BNB Smart Chain, TRON, and Solana chain. It also supports popular blockchain wallets, including Metamask, Trust wallet, f(x)Wallet, etc.
Pundi X also offers a self-custodial hardware wallet card, p(x)Card, that is compatible with web3 transactions. These cards benefit businesses in several ways, supporting loyalty programs and storage of NFTs or the tokenization of loyalty points to offer rewards to long-standing customers.
The Pundi X payment system does more than enabling crypto transactions. Upon the completion of transactions, the transacted cryptocurrency will be settled in stablecoins, negating the risk of volatility for the merchants.
The Ecosystem Tokens
Aside from Pundi X's native token, $PUNDIX, which is available for trade across all the major exchanges, including Binance, Uniswap v3, Coinbase, Kucoin, Gate.io, and many more, there is PURSE, the Pundi X reward token that can be used as a loyalty award. The token is an incentive for repeat consumers and a network-building tool for store owners.
Pundi X: A Story of Consistent Growth and Thriving Adoption Rates
Zac Cheah, the founder of Pundi X, has been a serial entrepreneur with years of experience across different cutting-edge tech paradigms. Zac was the Chief Standards Officer of Opera Software AS, China. He also founded Wozlla, an entity that dealt with cross-platform HTML5 gaming production and distribution, and now, with Pundi X, Zac is empowering everyone to buy, sell, and spend with cryptocurrencies.
Pundi X's achievements have helped it scale new heights over its lifespan. It struck a collaboration with Ingenico Group, a global payment solution leader that enables digital currency transactions worldwide.
Pundi X is also available, with full integration support of its XPOS module, on X990 made by US-based Verifone, one of the largest providers of traditional point-of-sale (POS) terminals in the world.
The trajectory of Pundi X vividly illustrates how blockchain technology has transformed the world of transactions, enhancing security, efficiency, and control. As it continues to expand its horizons, Pundi X is poised to drive even greater adoption rates for the overall crypto space.
