Pundi X is one of the most promising altcoin projects due to its mission to transform cryptocurrency transactions as easy as buying bottled water. Pundi X ecosystem has plenty of mobile and hardware projects to help crypto adoptions. They have huge plans to help both customers and merchants adopt cryptocurrencies easily and seamlessly integrate crypto into the same payment methods for fiat currencies as well.
With XPOS, Xwallet, and Function X, the hope is that Pundi X can have a huge ecosystem that can become the “bridge” between crypto and more traditional payment networks. This article will explore the idea of why Pundi X matters to the crypto space and whether its token (NPXS) is a good investment in the long run.
Pundi X Summary
Pundi X’s primary purpose is like the “holy grail” of the crypto industry, which is to make crypto transactions as easy as possible. There are many other blockchain-based startups that are also trying to integrate crypto payments into existing payment networks, but Pundi X has one of the most well-established ecosystems built for that exact purpose at the present time. They cleverly connect all of their products, one with another.
The most known product from the Pundi X world is the PoS device (Point of Sale) called the XPOS. For your information, XPOS is a device where you can pay using various different methods. The clever thing about XPOS is that it does not force using crypto for payments. With XPOS, you can choose to pay with fiat currencies (just like how you do it with standard PoS devices).
The goal here is to bring as many casual users as possible to the XPOS ecosystem and let them know that XPOS has extra functions besides paying with fiat (the extra functions include paying with crypto). And of course, in order to bring as many casual users as possible, they need to have some type of fiat integration. With the same device, people can pay using crypto.
When the customers pay with crypto, the merchants are also “protected” from crypto price volatility. They can receive the payment automatically in the form of stablecoin or a direct fiat payment. Other than XPOS, Pundi X also has its own mobile wallet app that is called the xWallet and its payment card called the xPass. xWallet serves multi-purposes, including as a normal crypto wallet app, as well as to make payments on an XPOS device.
And regarding xPass, it is a tap card for crypto beginners where you can just pay easily on an XPOS device or pair it with your xWallet app. By May 2019, it was reported that there are more than 200,000 users on the xWallet app alone. Meanwhile, XPOS products have been bought by merchants all over the world, more than 25 countries.
The Pundi X team’s ultimate goal is to develop its own blockchain called the function X. Once function X main net launches, the idea is to decentralize all kinds of data, applications, and even images on the internet. They also plan to launch their blockchain-based phone called BOB (Blok on Blok), which was previously called the xPhone.
With all these products (function X, BOB, XPOS, xPass, and xWallet), Pundi X has proven itself as an ambitious project that tries to connect everything together into one huge ecosystem. Keep in mind that Pundi X app or device never forces customers to pay using crypto. They want mainstream customers to be able to adopt their products easily.
With “easy to switch” options between crypto and fiat in their products, they want people to try crypto after they are satisfied with the fiat experience on Pundi X products.
Pundi X Future And Potential Roadblocks
To answer the question “Is NPXS A Good Investment?”, first we need to analyze Pundi X’s risks and its future. First of all, everybody agrees that Pundi X has a really good mission for the future of the cryptocurrency industry. They want casual users (read: non-crypto users) to adopt the same payment ecosystem that also introduces the “pay with crypto” option. This is a brilliant idea.
Connecting fiat and crypto users into one payment ecosystem, undoubtedly, has tons of potential. Pundi X can keep getting more popular if they can successfully “seduce” more merchants to adopt its XPOS devices and xWallet app. There are no "live" statistics on the official website, so we wouldn’t know if the sales have been slowing down or not.
But assuming they can keep innovating and getting more transactions done through their XPOS and other products, the future looks bright. However, think of the potential roadblocks as well. First of all, their most popular product, the XPOS, is not very unique. While it introduced "pay with crypto" option, but in general, XPOS is still a PoS device with the main capabilities of accepting fiat payments.
If you take away the crypto payment option, it is not that "unique" anymore. When Bitcoin and other top cryptocurrencies become more popular in the future, it’s quite possible for other PoS devices to start integrating crypto payments. In that scenario, XPOS would suddenly face a lot of competition and would lose its main selling point.
And we can also say the same thing for both xPass and xWallet. When bigger corporations or startups “copy” the idea from Pundi X and introduce these ideas into their own ecosystem, it would be an instant competition. Pundi X ecosystem, as of today, is not really that big compared to more mainstream companies.
Another potential roadblock is the function X blockchain. We still don’t know if function X will perform as good as what is promised. Until they actually launch function X main net, we can only assume and make guesses. Many other crypto startups fail to deliver on their promises. So, let’s reserve our judgment and wait until its official launch.
The Importance of NPXS Token
Of course, if you want to invest in a crypto token, it’s quite essential to know the actual use cases of the token itself rather than just about the overall usefulness of the project.
Above we talk mostly about the Pundi X ecosystem but how about its native cryptocurrency that’s called the NPXS?
Well, NPXS has multiple use cases. First of all, developers who want to publish their own applications on the Pundi XPOS app store would need to use the NPXS token. Not only that, NPXS will be utilized as the default settlement token. 30% of the handling fee will also have to be paid in NPXS.
Not only for developers, but NPXS tokens are also used as a form of loyalty award programs. It is used for the deduction of transaction fees. And with such incentive, the hope is that merchants would want to utilize NPXS to increase their revenues.
Another interesting use case is that every crypto-related transactions in the XPOS devices will burn a small amount of NPXS tokens. And for crypto foundations who want to list their tokens in the XPOS, they will have to pay a certain amount of NPXS tokens.
All of the use cases above give tons of importance for the NPXS token in the Pundi X ecosystem. While many of Pundi X products do not always need to “involve” the NPXS token, but undoubtedly, the more popular Pundi X becomes, the more important NPXS token would be.
Making Sense Of Crypto Investments
Unfortunately, fundamentals and use cases alone are not the only deciding factors when it comes to cryptocurrency investments. You also need to see the crypto industry as a whole before you can judge whether one token is worth your money.
There are many crypto companies that are actually developing good projects, but the tokens still cannot increase that much in their valuation.
To understand whether one crypto token is really “worth” it or not for investment, it’s more complex rather than just understanding its specific use cases and technology.
First of all, we need to see the correlation between Bitcoin price and its market dominance. Whether we like it or not, we must admit that Bitcoin still controls the entire crypto industry. Most altcoins generally move upward or downward, depending on Bitcoin price.
There are some predictions that say Bitcoin market dominance will go down next year (2020) or it will go down as soon as it breaks its all-time high price point.
Nobody knows for sure. However, NPXS token will (most likely) rise significantly in price when the Bitcoin market dominance goes down as well. Why? Because when big traders start selling their Bitcoin to buy altcoins, NPXS won’t be an exception.
Not only about Bitcoin vs altcoins saga, but we also need to analyze other factors. While Pundi X team has done a good job in their marketing and branding efforts, but whether more merchants will adopt Pundi X products or not (such as the XPOS) will depend on multiple factors.
And of course, NPXS natural demand will not grow if Pundi X products are not really adopted.
Conclusion
So, is NPXS a good investment in the long term? Well, it is. Compared to many other altcoins, NPXS has a bright future, and its valuation should keep going up if there is more demand for Pundi X products as well.
However, as stated above, an altcoin price will be dependent on many external factors as well (i.e. Bitcoin price and Bitcoin market dominance).
For crypto enthusiasts who believe altcoins time will come sooner or later, investing in NPXS is definitely recommended. Unfortunately, if Bitcoin price goes down next year, NPXS might go down even more. So, before you invest in NPXS, you need to understand that many external factors related to Bitcoin will ultimately decide NPXS price as well.
