Less than ten years ago, the general public’s understanding of blockchain technology was minimal. A survey conducted by HSBC in May 2017 indicated that 59% of participants had never heard of blockchain. Among those who had, four out of five admitted they did not grasp the concept. This context highlights the significant progress achieved since then, with the United States Securities and Exchange Commission (SEC) recently authorizing the listing and trading of several Spot Bitcoin Exchange-traded product (ETP) shares, a milestone also observed in Hong Kong.
This evolution in blockchain acceptance and understanding has been propelled by dedicated and visionary innovators who have relentlessly worked to simplify blockchain processes and promote investment in the technology. Among these innovators is Pundi X, a company committed to making blockchain technology universally accessible, striving for an ease comparable to purchasing everyday items.
Pundi X has garnered recognition for its innovative solutions, particularly its DePIN solutions and XPOS system, which have revolutionized retail business by creating a comprehensive borderless payment ecosystem that surpasses traditional fiat currency transactions. The company asserts that it provides the most versatile payment system in its class, a claim supported by its extensive adoption and functionality.
The driving force behind Pundi X’s achievements is its founder, Zac Cheah, whose vision focused on developing cryptocurrency payment systems that are both user-friendly and highly efficient. Cheah and his team have worked tirelessly to ensure that both merchants and consumers can conduct seamless crypto transactions through an intuitive platform. As a result, Pundi X has expanded significantly beyond its initial expectations.
One of Pundi X’s standout innovations is its blockchain-powered point-of-sale (POS) solution, XPOS. This technology enables any retail store to sell and accept digital currencies, offering a versatile tool for crypto holders and ecosystem stakeholders. XPOS facilitates crypto exchange services in physical shops, supports crypto payments, enables crypto remittance, and allows for the tokenization of loyalty points, all within the framework of local regulations.
XPOS is compatible with multiple blockchain networks, including Bitcoin mainnet, Bitcoin Lightning network, Ethereum, BNB Smart Chain, TRON, and Solana. Additionally, it supports a variety of popular blockchain wallets such as Metamask, Trust Wallet, and f(x)Wallet.
Pundi X also offers the p(x)Card, a self-custodial hardware wallet card that is compatible with web3 transactions. This card benefits businesses by supporting loyalty programs, storing NFTs, and tokenizing loyalty points to reward long-term customers. Beyond facilitating crypto transactions, Pundi X’s payment system ensures that transacted cryptocurrencies are settled in stablecoins, thus protecting merchants from market volatility.
In addition to its native token, $PUNDIX, which is traded on major exchanges like Binance, Uniswap v3, Coinbase, KuCoin, and Gate.io, Pundi X offers PURSE, a reward token used for loyalty programs. PURSE incentivizes repeat customers and helps build networks for store owners.
Zac Cheah, Pundi X’s founder, has an extensive background as a serial entrepreneur with experience in various advanced tech fields. Before founding Pundi X, he served as the Chief Standards Officer at Opera Software AS in China and founded Wozlla, a company focused on cross-platform HTML5 gaming production and distribution. Through Pundi X, Cheah aims to empower individuals to buy, sell, and spend cryptocurrencies with ease.
Pundi X has achieved numerous milestones throughout its existence, including a collaboration with Ingenico Group, a global leader in payment solutions, to facilitate digital currency transactions worldwide. Additionally, Pundi X’s XPOS module is fully integrated into the X990 device made by Verifone, one of the largest traditional POS terminal providers in the world.
The journey of Pundi X illustrates the transformative impact of blockchain technology on financial transactions, enhancing security, efficiency, and control. As Pundi X continues to expand its reach, it is well-positioned to drive even greater adoption of cryptocurrencies in the mainstream market.