Pundi X (NXPS) - a platform that promotes payments not only with "your" cryptocurrency

Own smartphone is already an increasingly common option in blockchain networks. However, Pundi X goes further. The phone is not only to be based on blockchain technology, but 100 will appear around the world within the next year. terminals that allow you to immediately pay for purchases or services in cryptocurrencies.

We continue the Forex Club portal cycle, in which we describe the largest, most interesting and most controversial cryptocurrency projects around the world. Today is the time for Pundi X (NXPS) - a network and cryptocurrency, the development of which is already being developed by 150 people.

A network that bets on many cryptocurrencies

Pundi X is a platform based on blockchain technology that is designed to support payments in the most popular cryptocurrencies. These include: Bitcoin (BTC), Ethereum (ETH) Litecoin (LTC) NEM (XEM) and others. It works on the basis of not only mobile wallet applications (XWallet), but also payment terminals for shops (XPOS) and a payment card (XPASS). Everything is held together by NXPS utility tokens issued on the Ethereum network. All this so that cryptocurrencies become not only common, but also allow you to pay with them in any store - of course with a card.

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USD 35 million in one day

The project is definitely international. The head office is in Singapore, but there are also offices in large cities: Tokyo, Sao Paulo and London. In total, as many as 150 people work in all metropolises, and the company is developing primarily on the Asian market.

As in every cryptocurrency project, the fundraising for development took the form of an ICO, under which NXPS tokens were offered to buyers. All available ones sold like "hot cakes" in one day on January 21.01.2018, 35, when USD 175 million was collected for 500 million tokens. The interest was huge, despite the fact that each investor received 36 tokens, and the rest of the purchased ones will be available only within XNUMX months.

Tokens and more

NXPS tokens have a usable form, because they pay off all services in the network. You can also pay with them in stores, and in some of them you get discounts. Transaction fees at network cryptocurrency terminals are also paid through NXPS tokens.

Terminals are one of the pillars of the network. A special mobile application that works with them allows you to pay by card in cryptocurrencies. Transactions accepted and processed by the XPOS (Point of Sale) payment terminal, developed by Pundi X. It is almost a classic payment terminal, but with a touch screen that allows payment in the most popular cryptocurrencies. You can also buy cryptocurrencies for fiduciary currencies through it. The terminal is based on the android operating system, so it is also compatible with smartphones. There will be at least 100 such devices in service outlets and stores around the world. until the first quarter of 2021.

You don't have to wait long for the transaction to be approved. The average time of certification does not exceed half a second, i.e. it is similar to payments with a classic Visa or Mastercard.

Pundi X also offers "The first blockchain smartphone in the world" with Function X, i.e. switch to blockchain mode. It works on classic Android 9, but after using Function X, it switches to Ethereum tokens and application support.

Pundi X (NPXS)

The Pundi X token, or NXPS, is currently listed on 40 cryptocurrency exchanges around the world. As at June 23.06.2020, 0,000153, USD 234,6 has to be paid for it, which with 36 billion traded units translates into capitalization of USD 17.06.2018 million. The peak of quotations was on June 0,0156, 1, when NPXS had to pay USD XNUMX. The project's market capitalization then exceeded USD XNUMX billion.