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.

Versability

Dr. Brian Penny is a former Business Analyst and Operations Manager at Bank of America turned whistleblower, troll, and freelance writer. You can find his work in Cracked, High Times, HuffPost, Lifewire, Forbes, Fast Company, and dozens of other places, although much of it is no longer under his name. Dr. Penny loves annoying fake media.

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