The next crypto bet?

By Graziella | Cryptonomist | 21 Jan 2021


Pundi X is a payment system similar to POS (a device that accepts credit cards for payment) used in the retail sector. Pundi X provides a solution for businesses and consumers to use cryptocurrencies to pay for the goods and services they purchase.

2d4618a09211510c24066d039fb646a87254b72be722bce137a6ee558ff3b244.jpg

 

 Pundi X identify themselves as "Walmart and 7-Eleven of the cryptocurrency world" because "they want all customers to be able to buy and use crypto currency anytime, anywhere". (Walmart and 7-Eleven are famous brands in the retail market, they own the largest convenience store chain in the world today; Walmart has more than 11,000 stores and 7-Eleven has more than 56,000 stores worldwide.)

06719d8e8aa39829f27ef26a86ad4b083c4ff8e649e6ff6d81bcf27ce1da988d.jpg

 NPXS is the main cryptocurrency of the Pundi X platform, used to pay for purchases or services on the platform without the transaction fees.

 Features of Pundi X

 In order to use Pundi X, the sales equipment needed to accept it, and the development team created hundreds of sales devices that fit their "Pundi X POS" needs. In case of need, the user only needs a separate card in the platform called "Pundi X Pass" to purchase reserved credit on POS Pundi X. Here are its salient features

 * Pundi X Pass: allows you to store passwords securely, making it easier to buy and sell currencies or digital products, with a single card that you can use in Pundi X POS points

 * Integrates with mobile payments, with e-wallets that you can use to buy, sell and receive different cryptocurrencies (Pundi X plans to integrate with many existing digital wallets)

 * Deposit funds in foreign currencies or bank cards anywhere using Pundi X POS; or, top up via your mobile wallet

 * Use cryptocurrencies to buy or sell banknotes or buy real goods such as water, bread, wine, coffee ...

 Roadmap and development of Pundi X Coin

 * Q1 2017: The official version of Pundi X launched in Indonesia

 * 2nd quarter 2017: The platform has registered over 60,000 registered users and over 350 stores

 * Q3 2017: The platform has registered over 100,000 subscribers and over 500 stores. Pundi X Prepare to open an ICO

 * 4th quarter 2017: ICO start and mass production of Pundi X POS devices for the Indonesian market

 * Q1 2018: The Pundi X POS device has completed over 27 security tests and opened an office in London. Try to reach the goal of having more than 600 orders for Pundi X POS

 * Q2 2018: Establish offices in Tokyo and Seoul, trying to reach the goal of having over 2000 orders for Pundi X POS, over 3000 Pundi X Pass cards supplied. Establish cooperative relations with North America

 * Q3 2018: Established two offices in North and South America, establishing partnerships with banks and governments for the distribution of XPOS and XPASS

 * Q4 2018: Launch of the annual conference for XPOS, striving to meet the goal of delivering 20,000 Pundi X POS devices.

 * Q1 2019: Striving to achieve the goal is to deliver 50,000 Pundi X POS devices.

 

e490e3167da39dfb998d41f3d64c087934f371de47d6fe6567bf9829fef20e5f.png

 Pundi X Coin development team

 Pundi X Project Development Team There are currently 30 people, including 15 in the management and strategy team in Jakarta, Indonesia and another 15 (in the R&D team) in Shenzhen, China. They also have an extensive list of sponsors and advisors like e2pay, fintech.id Here are some notable members of the platform:

 * Constantin Papadimitriou (Kiki), holds the position of chairman advisor. Kiki has 17 years of experience as the founder and CEO of Indonesia's two largest Fintech companies, Infinetworks and E2Pay.

 * Zac Cheah, CEO, is the former W3C president of HTML5 Interest Corporation. He speaks English and can find many of his various ICO coin interviews on Youtube.

 * Huang Pu The CEO, aged just 25, considered a blockchain technology prodigy, has had some successes in his career as the owner of a company of over 200 people.

 * CFO Danny Lim: Having many years of experience in finance, having worked for Baidu, Lenovo and APAC

 

How do you rate this article?

9



Cryptonomist
Cryptonomist

Crypto news and much more. Follow me to stay updated

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.