17 Jul 2018 Simon Briggs
Pundi X Successfully Ends Trials of Consumer Hardware Devices
Pundi wants to help ordinary consumers use digital currencies and implement it in their daily shopping activities.
The team believes one of the main problems with mass cryptocurrency adoption is the complexity of the technology. The blockchain technology, private keys, tokens - these are all concepts that are hard to understand by the conventional consumers.
The second problem is that cryptocurrency is not relevant for people’s daily lives. For example, token holders cant’ buy bread from the market with it. It is mostly used for exchanges but not implemented in the real world.
Pundi X’s platform aims to offer a solution to the problem, creating a diverse range of products for consumers starting with two types of cards. Through Pundi X’s main card and security card, consumers can complete transactions through encrypted private key info.
Also, POS (Point of Sale) solutions have just been tested on the Hong Kong market. They are essentially a pin and chip machines authorizing crypto paying and buying with a mobile wallet option or Visa/Master card, Apple and Samsung Pay, called XPOS.
The XPOS device is what could make Pundi X prevail in the non-digital world. The company is set to install 5500 XPOS devices across restaurants, cafes and stores.
It supports a significant number of cryptocurrencies like BTC, ETHN, NPXS, XEM, QTUM, XLM as well as cryptocurrency wallets Qbao, X Wallet and Nem Wallet. Customers can choose to make transactions through digital or fiat currencies, and retailers have an option of deciding between three types of XPOS devices.
The Mount Agung is a smaller device utilized perfectly in stores with limited counter space. The Jade Dragon Snow Mountain is small and easy to carry XPOS device fitting in places without a counter. The last product is Halla. It has a big screen and is appropriate for larger stores.
Pundi X has also simplified the process considerably by adding a mobile app for users to buy BTC, ETH, LTC, XEM, PXS, sell and buy services.
Pundi X likes to call their blockchain ecosystem a Walmart – the typical American supermarket for the mass public.
The team of Pundi X starting off with their CEO Zi Bin Cheah has had 12 years of experience in the Tech industry. Part of the team is located in Jakarta, Indonesia where the management is, and the research and development are residing in Shenzhen, China. The company is set to start its European expansion.
The currency has now focused mainly on the South East Asian market and has made a development plan for the next two years of product selling. The devices will be installed in shopping malls, cafes, restaurants, shops and will facilitate transactions and the spread of cryptocurrency.
Pundi x shows remarkable progress and has a promising future. The platform has a goal challenging to realize, but nobody knows what the future holds and with respectable partnerships like Fintech, SFA, Stellar, Zcash, Utrust and more Pundi is sure to forge ahead.