The success of Bitcoin today is no doubt one of the wonders of the world. With millions including it in their investment portfolio, countries adopting it as a form of legal tender, and traditional banks seeking ways to include it in the banking system, this brilliant idea of the anonymous Satoshi is certainly successful.
Although the corresponding successes are equally backed with their own drawbacks. As of today, the major thing you can buy with a cryptocurrency is other cryptocurrencies. The high adoption rate did not equate to the spending and usability rate as there are restrictions in its use.
To proclaim Bitcoin and other altcoins as equals to the fiat currency is until the average user can use cryptocurrency to buy a bag of rice or a loaf of bread in the local market.
Moreover, the relevancy of cryptocurrency will be restricted to a small audience as the majority of people have no involvement with its process and no interest. This disinterest draws towards cryptocurrency’s complexity for the average user. Terms like managing private keys, public keys, blockchain concepts are difficult to comprehend; this is because the average educational level is the 7th grade.
To solve these drawbacks of bitcoin, Pundi X presents itself as a platform for consumerizing cryptocurrencies by enabling their use in retail Point of Sale (POS) through a mobile app and contactless payment card.
In a bid to ensure Satoshi’s concepts are kept, Pundi X has the same properties of Real Implementation, Open Governance, and Incentivization of Bitcoin that allows for the rapid global expansion of the solution.
Pundi X is a complete end-to-end solution for contactless and mobile retail point-of-sale (POS) including a full-stack reference implementation of all the components. For easy use and accessibility by the average individual, it includes a mobile application, a contactless smart card, and point-of-sale (POS) terminals that are already in deployment. All of these components will be made widely available through open source and open specifications.
To enable the worldwide and unrestricted use of Pundi X protocols, its full-stack reference and implementations are released as open-source and open specifications, projecting the rapid expansion of the use and value of the Pundi X network.
To promote adoption and participation, the Pundi X network has provided free hardware to retail stores within the initial target geography of Indonesia. Citizens in Indonesia can participate in the Pundi X network and enjoy the ease of use and the convenience of mobile payment.
The projected solution satisfies the restrictions of Bitcoin by being the solution that decreases complexity and adds relevance of cryptocurrencies to end-users. It is guaranteed that will be rapid mainstream adoption of cryptocurrencies and that will impact the emerging of the crypto-economy.
Who Are the Founders of Pundi X (PUNDIX)?
Constantin Papadimitriou (Kiki) serves as the President’s Advisor. He has 17 years of experience as a Founder and CEO of two of the biggest Fintech companies in Indonesia -Infinetworks, and E2Pay; He has an M.Sc in Computer Science (Purdue University) and B.Sc Computer Science (University of Tulsa). Kiki is a film lover.
Zi Bin (Zac) Cheah serves as the CEO. Zac is the former W3C Chair of HTML5 Interest Group. He was a scholarship recipient at Sweden KTH (M.Sc Computing) and Norway NTNU (M.Sc Security). Zac has spent 12 years in tech and is a sports fan from Malaysia.
Huang Pu (Pitt) is the CTO / COO: Pitt is an entrepreneur who sold his first GroupOn-like company at the age of 25. He has started and sold several businesses, including a 200person company. Pitt studied a B.Sc Engineering at Xi’An Polytechnic University and is a profound gadget lover.
Danny Lim Wei Xiang is the CFO. He is an APAC financing expert who has product design experience with Baidu and Lenovo. Danny is a PhD. law scholar from Tsinghua University and holds ACMA and CGMA accounting qualifications.
What is Pundi X (PUNDIX) Used for?
Pundi X will help to generate demand for new and old, as well as big and small cryptocurrencies as it has created ways to ensure their easy access. No other online cryptocurrency exchange can bring in new cryptocurrency users from this segment and in the same number. This success is all thanks to the powerful focus on attracting the consumer market and providing meaning or value to the world.
It solves one of the hardest problems in crypto: how to reduce the complexity of understanding and handling cryptocurrency. Pundi X solves this problem through several end users’ layers including a mobile wallet and a contactless smart card.
What Is the Unique Point of the Pundi X (PUNDIX)?
Pundi X is one of the few developments that have created a medium in which users can easily interact with cryptocurrencies as they do with fiat. These developments include the creation of a mobile wallet similar to a banking app, a platform similar to a bank’s website, and a contactless card similar to an ATM Card.
Pundi X’s Mobile Wallet
The mobile wallet is the first component that solves the handling of private and public keys. Instead of managing a long and complicated blockchain public key, end users can simply maintain a password-based system that is much more familiar to a smartphone. The mobile devices that house the platform can be secured by fingerprint or face recognition.
Pundi X’s Smart Card
The second layer that reduces even more complexity is the use of a smart card as it can be used with or without the mobile app. It allows one member of the family to use the mobile app to charge up multiple cards that can be used by other members of the family. The contactless smart card serves as an empowering tool as it enables users to avoid the complexity of navigating a smartphone app.
The Pundi X Platform
The Pundi X Platform is the final round-up in solving the complexity issue. Being both software and hardware, the full-stack implementation allows the merchants to integrate their existing POS device by connecting with the Pundi Platform and accepting payment in lieu of purchase/sale of cryptocurrencies. The hardware allows the use of the Smart Card and any Mobile Wallet.
How Many PUNDIX is in Circulation?
PUNDIX has a circulating, maximum, total supply of 258,477,515 PUNDIX.
Is Pundi X (PUNDIX) Network Secured?
PUNDI X is secured through its Chainlink network integration that enhances the security of XWallet that allows users to store and use their digital assets safely.
How do I buy Pundi X (PUNDIX)?
Pundi X offers loads of benefits and incentives whilst having the physical components like its POS contactless card and an additional secured app and platform. To enjoy benefits like the ease in acquiring cryptocurrency, faster payment, and a secured network, the PUNDIX token is necessary to have. Its adoption rate has increased and made it steadily available across several platforms. To buy PUNDIX tokens, the steps below provide.
the right direction to purchasing their tokens.
* Open an account with the crypto trading platform.
* Transfer your specific fiat currency to your account.
* Wait for your deposit to be confirmed and Buy PUNDIX tokens through your trading account.
Which Cryptocurrency Wallet Supports Pundi X (PUNDIX)?
The PTPWallet platform supports many cryptocurrencies simultaneously, such as PUNDI X tokens. Because of its speed, flexibility, and unique features, it has grown to become one of the most used new platforms. In addition, users can easily use PTPWallet as their main PUNDI X wallet as it offers a simple and interactive interface, making it easy to navigate its system.