Pundi X (NPXS) is a cryptocurrency made by Zac Cheah and Pitt Huang in 2017. It is a decentralized blockchain platform designed to make it easy to accept cryptocurrency payments both online and offline.
The team intends to build an ecosystem that will make accepting crypto payments easy by distributing over 100,000 thousand point-of-sale smart devices to retailers. The team will initially be targeting Indonesia with plans to expand throughout the rest of Southeast Asia. This will be an effective method considering that close to 70% of SE Asia is unbanked and the Pundi X platform could effectively bank them.
Their point-of-sale device is their main feature as they continue to mass-produce this for distribution. The device will be connected to the Pundi X blockchain which runs on Ethereum. As the device is much smaller and more compact than traditional Crypto ATMs, the team is certain they can deliver many more of them with a target to distribute over 50,000 per year.
The point-of-sale device will allow users to come and make purchases for goods and services using cryptocurrencies such as NPXS, BTC, ETH and NEM (amongst others). It also allows users to make payments via their XWallet Application, an extremely user-friendly wallet, or through their xPass card, a credit-card type wallet to make it easier for those who have no digital know-how.
The Pundi X Open Platform also allows for developers and businesses to apply and list their digital assets into the Pundi X payment ecosystem, including the xWallet and xPass. This means that a plethora of coins will eventually be added to the system.