Pundi X is a platform that consumerizes cryptocurrenciesby enabling their use in retail point of sale (POS) via contactless payment cards and a mobile app. A mobile application, point-of-sale (POS) terminal, and a contactless smart card are components that are made widely available through open specifications and open source.
As per the whitepaper, the most complex problem faced in crypto is reducing the complexity of handling cryptocurrencies. Pundi X seeks to help solve this problem by introducing a mobile wallet and a contactless smart card. The full-stack software and hardware implementation aims to allow the merchants to integrate their POS devices with the Pundi X platform and accept payments.
Furthermore, Pundi X seeks to allow using digital currency anywhere and anytime through a blockchain-based point-of-sale (POS) solution. Businesses worldwide are seeking to choose Pundi X to experience the power of blockchain-based payment solutions, the XPOS.
XPOS stands for exchange at point of sales and seeks to be used globally in everything from consumer electronics power tools to IT products and major appliances. This smart device aims to help distribute cryptocurrency and is connected to the blockchain so that each transaction is recorded. These XPOS devices live in 30+ markets globally, thus seeking to make digital currency transactions easier.
Pundi XPOS device is linked to the Ethereumand NEMblockchains via XPlugins. NPXS is the token for Pundi X. NPXS is also used as a “gas” to fuel transactions in the Pundi X ecosystem. Also, any company or individual who wants to connect to the Pundi X sales networks is subject to pay the transaction fee in NPXS.
Digitizing the business with the XPOS seeks to enable customers to acquire digital assets using fiat, a bank card, a mobile wallet, or the Pundi XPASS.
The Pundi X POS aims to be an all-in-one solution for retailers with the following features:
