What is Pundi X (NPXS)? Pundi X hopes to make retail shopping easier for struggling economies.
What Is Pundi X (NPXS)?
Pundi X (NPXS) is a blockchain project looking to make spending cryptocurrency as easy as a credit card or mobile device. The company created XPOS devices for retailers and Xphone devices for consumers. Both run on its proprietary Function(X) blockchain-based Android OS. This makes each devices a node and proves the concept as it expands into new markets.
Who Is Pundi X?
The Pundi X blockchain was created by Pundi X Labs, a Singapore-based company with offices in Jakarta, Sao Paulo, Tokyo, London, Singapore, and Shenzhen. CEO Zac Cheah, CFO Danny Lim, and CTO Pitt Huang are the co-founders, Constantin Papadimitriou serves as President.
Use Cases of Pundi X
Pundi X is focused on spending cryptocurrency and has devices for both sides of that two-sided marketplace, consumers and retailers. It has a presence in over 25 countries with emerging economies, and its goal of bringing bank-like services to underserved communities is so far going well.
How to Mine NPXS
NPXS is not mined. It is distributed in a Proof-of-Stake (PoS) scheme based on on-chain transactional volume and held coin balances.
Learn More About Pundi X
If you want to learn more about Pundi X, I wrote a full coin intro guide at Crypto Briefing. Or you can learn more about other cryptocurrencies across Thought for Your Penny.
