According to research, the recent boom witnessed in the investments in crypto coins is mostly due to the mining benefits derived from cryptocurrency. However, the scope and benefits spread beyond that. The aim of many cryptocurrency developers is largely focused on how their coins can contribute to transforming the world’s economy to a perfect market that allows an easy inter-trade between different currencies.
One such crypto coin that has embraced the use of the inter-trade blockchain tool as a means of increasing its value for its users is Pundi X. This coin focuses on using its point of sale device, XPOS, as an effective hardware machine that facilitates the buying of goods and services online. This piece will take a look at the benefits of the Pundi X cryptocurrency, how its was create and the technology it uses.
What is the Pundi X cryptocurrency?
Pundi X is just barely two years in the blockchain industry and was the handy work of two crypto experts Zac Cheah and Pitt Huang, who both co-founded the Pundi X platform. Until date, Pundi X has had a wide recognition across many Asian countries from Singapore, Japan, Thailand and Malaysia, along with a few Western countries that include Canada and the USA.
Pundi X is a decentralized blockchain platform that integrates its XPOS and XPASS wallet system to enable merchants to find comfortability when using it for the payment for goods and services. It also aims to generate demand for new and old, as well as big and small cryptocurrencies.
Benefits of Pundi X cryptocurrency
Here are some benefits that come with Pundi X
An easy platform for switching between fiat
Synchronising both fiat currency and cryptocurrency is the sole aim of all blockchain platforms and Pundi X no different. One vital feature bestowed in this coin is its ability to completely remove the impression that cryptocurrencies can only being used to buy other crypto coins. It aims to create an enabling environment where cryptocurrencies can be converted to fiat currencies for use in retail and wholesale stores. Pundi X not only will provide the co-existence of trading between fiat and cryptocurrencies but will also usher an easy way of carrying out transactions from any part of the world.
Go cashless with the use of Pundi X card
The cashless policy has been one of the safest to reduce the handling of bulk cash which also indirectly helps reduce to crime in the world. When credit and debit cards were introduced on fiat currencies, people saw the necessity of using it in the world today.
Pundi X card has been designed in a similar fashion. The Pundi X card is a physical multi-currency (both fiat and cryptos) wallet or better still a crypto debit card that can be loaded with the use of their XPOS machine from any part of the world. The team behind this breakthrough not only focused on its production to the entire masses but looked at how they could integrate it into several channels like crypto banks, crypto exchange, and manufacturers of POS.
The next generation of X POS system
The Point of Sales (XPOS) hardware mechanism is a concept that released the tension that came with handling cash by merchants. This machine has been generally accepted by many retail outlets worldwide. The Pundi X POS is a smart device that is connected to the web to distribute cryptocurrency in its blockchain so that transactions are recorded. The use of its X POS device facilitates buying and selling cryptocurrency, as well as buying products using cryptocurrency, and pay peer-to-peer using mobile. With the use of Pundi X POS machine, consumers can use cash, credit card or a digital wallet to buy anything.
Easy payment of goods with the Pay-by-QR apps
Pundi apps are built for usability in IOS and Android devices. It first requires downloading the app and linking it to your wallet. Its Xwallet mobile app allows you to connect digital assets to its payment ecosystem. You can pay for goods by when your payment QR code is scanned by the merchant. The merchant can also collect funds by setting the desired amount of the coin and type of coin they desire. This use of a QR code is one of the most efficient, and fastest ways to pay using their payment options.
A safe haven with the X wallet virtual card
The Pundi X platform was designed in view of creating a virtual card system to facilitate transactions. Each user of a particular X wallet possesses a virtual card account. With this card, you can add it into Xwallet by tapping the add icon. Pundi also X wallet provides flexibility for its users in areas of;
- The payment of coins to a merchant’s Xwallet account.
- The payment of coins to the merchant’s XPOS account.
- Easy receiving of refunds from merchants within 30 minutes of purchasing goods or services.
- The transfer from an Xwallet account to another wallet or exchange address.
- The receiving of cryptocurrency in Xwallet.
- The receiving of bonus and rewards.
Provides connectivity with other exchanges
A cryptocurrency exchange facilitates the exchange between thousands of cryptocurrencies. To access a cryptocurrency exchange, you need the X POS smart device which connects to different online exchanges with the use of Pundi-X APIs. Users are provided with different price levels to select from when performing trade across different cryptocurrency exchanges.
Discount to token holders
The Pundi X platform is currently trying to promote its use of its PXS token to create popularity across the blockchain industry. As a token holder, shopping with the use of their PXS token provides you with discount opportunities. These opportunities are a relatively tied to your card status if you are a Gold, Platinum, Diamond, or Black card holder. Cardholders are ranked according to the number of years they have been trading with the use of their tokens.
A positive prospect in the blockchain industry
We have already seen from its myriad of benefits that the Pundi X platform has implemented a friendly payment system with the use of its XPOS. But the prospect seems bigger than what we may have seen. One big prospect they tend to achieve within the nearest possible time is integrating their XPOS APIs in the different financial system and how their token PXS can be generally accepted.
