Pundi X: an Ambitious Project to Bring Cryptocurrencies to People’s Fingertips
The economic value of the cryptocurrencies keeps growing and recent months have seen the demand for them to literally skyrocket. Yet when one tries to get a solid understanding of how to buy the cryptocurrency and capitalize on the opportunities it provides, it’s all too easy to get wildly confused and at a loss of how to proceed.
That’s where Pundi X comes in. Built by Wokoworks, one of the leading e-wallet developers in Southeast Asia, it sets to revolutionize the way people buy cryptocurrencies.
How does Pundi X work?
Pundi X aims at becoming the world’s largest decentralized network for selling cryptocurrencies which would be available to its users both online and offline. How would it achieve this goal?
Combining innovative approach and seamless implementation, Pundi X is based on a set of tools:
- POS (point of sale) device. Much like traditional POS systems, Pundi X POS will be available in department stores and shopping venues where users can buy cryptocurrency on the go;
- Ethereum-based Pundi X blockchain to provide advanced and secure environment for transactions;
- PXS tokens which are released within the ICO and used by sellers to offer cryptocurrencies and provide POS devices offline.
How can a customer buy cryptocurrency and further use it with Pundi X?
The process is simple:
- one can buy cryptocurrency using a mobile app (wallet) which provides a fast and direct way of making a purchase;
- transfer cryptocurrency to cards directly from the mobile app;
- transfer cryptocurrency to cards from the POS devices in which case you don’t even need a smartphone with a mobile app to make a transaction.
In turn, Pundi X mobile app offers an easy and hassle-free way to buy and sell cryptocurrencies including Bitcoin, LTC, PXS and others, buy products and services using cryptocurrency and pay for anything using e-wallet.
At the same time, Pundi X card will allow its holders to use both fiat and cryptocurrencies for their transactions. These cards are available for purchase via POS devices.
Market capacity
The market for cryptocurrencies is expanding extremely fast. Even so, there’s still huge growth potential which the team at Pundi X estimates to be increasing with each year.
Overall, the company’s ambitious goal of reaching 100 million customers in the course of the following three years seems to be within reach given the value of cryptocurrencies (Bitcoin value alone has at times soared for up to $7,000) and their market capitalization.
As of now, Pundi X is available to customers in Indonesia while the company plans to expand to Singapore, Thailand, Malaysia and other Southeast Asian countries. Users from Europe and Americas are next in line.
Cryptocurrency at every store
All cryptocurrency projects involve a certain amount of risk but the progress they have made within a short period of time is amazing. If Pundi X succeeds in its ambitious project – and it does seem very much likely that they will – buying cryptocurrency will be as easy as buying bottled water, according to the company’s own words.