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We do not take responsibility for individual investment decisions, profits, or losses, and it’s important to remember that 67% of new traders lose money. The platform also wants to improve on streamlined mobile payments to make it easier for users to make mobile transfers.
Binance has just announced that Pundi X is the winning nominee in its seventh “community coin of the month” vote. Pundi X won out against Fusion, Arcblock, Bytom, Dock, Havven, Oyster and Ravencoin.
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As the winning coin, Pundi X will be listed for free, saving the platform as much as $1 million. Glassdoor has millions of jobs plus salary information, company reviews, and interview questions from people on the inside making it easy to find a job that’s right for you.
However, the company’s token NPXS is making all the headlines as it surged by 102% within few days. Already available in 30 countries, Pundi aims to sell 100,000 XPOS devices by 2021. This is part of the firm’s plan to introduce cryptocurrencies for everyday use, through an ecosystem of financial products like its XPASS crypto debit cards and Xwallet. Pundi X platform tries to increase the number of people that trade Bitcoin by using a contactless payment card and Point-of-Sale terminals. The platform focuses on physical stores retail payment using an open-source system. The platform held its token sale in January, reaching its $35 million hard cap in just two hours.
“We made the XPOS with the mission of creating real-life use cases for blockchain technology, and this couldn’t be better represented than Traki shoppers paying for their daily needs with cryptocurrency,” said Pundi X CEO, Zac Cheah. The project also uses a password-based system to deal with private and public keys. Additionally, with the company’s smart cards, users do not need a smartphone to make use of the NIPXS token. It may seem that the current bull run is triggered by crypto market sentiment, but some observers think improving fundamentals and its upcoming testnet could be the main reason.
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Besides, the confirmation time will be only 5 seconds, making it one of the fastest as well. It’s no news that borderless digital currency payment platform Pundi X is about to launch its testnet.
After the testnet, the platform hopes to bypass Mastercard and Visa card services, allowing users to receive their payments in fit currencies. The Pundi X team stated that tested 3.0 will be compatible with Ethereum EVM. It will offer the cheapest transaction cost at 1 cent for those who want to invest in cryptocurrencies and other digital assets.
The megastore operator Traki announced August 22, it will integrate Singapore-based Pundi X’s point-of-sale device, XPOS, to offer a cryptocurrency payment rail for shoppers. Our aim is to simplify information about investing, enabling each user to make educated decisions with their money and to take control of their financial future.
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The partnership allowed users to buy DAI stablecoins via Apple Pay, debit cards, and bank transfers. The platform uses contactless payment cards and POS terminals to increase digital asset adoption. For the first time, votes were weighted according to the number of Binance coins held by each participant. This model was used to prevent alleged manipulation of the voting process by platforms seeking to win the competition in previous events. The process was however still regarded as controversial as votes would be heavily skewed to large holders of BNB.
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Additionally, it will offer support for automated market-making as well as staking. On December 8, Pundi X announced that it has integrated GBP and EUR fiat through a partnership with U.K-based firm Ramp.
Since the tokens began trading in March, they have appreciated by approximately 10X. With this development, it will be possible for users to buy or sell crypto assets using a mobile wallet or point-of-sale. The Pundi X platform will work with Ethereum EVM and will offer the fastest and cheapest transaction cost. A period of hyperinflation and lack of liquidity has seen many Venezuelans adopt cryptocurrency as a store of value and payment option. Last year, President Nicolas Marduro launched the petro dollar cryptocurrency, pegged to the South American nation’s vast oil reserves, as a means to sidestep economic sanctions.
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