A payment system, Pundi X, aims to make spending cryptocurrency easy and practical. The project is supported by its own cryptocurrency called NPXS coin, which is on the radar of many investors. So, what is Pundi X and what are analysts saying about NPXS? Keep reading this Zatrun.com article to find out.
What is Pundi X (NPXS) and How Does It Work?
Pundi X is a blockchain-based project that aims to make cryptocurrency usage a part of commercial life. Its native cryptocurrency is NPXS, and the project has a market cap of $128.7 million. The platform’s goal is to make cryptocurrencies a usable trading tool not only on crypto exchanges but also in the real world. The platform stands out with low transaction fees and fast money transfers.
The aim of the Pundi X project is to make cryptocurrency accessible to everyone. While other similar projects try to perform better than the banking system, the project is trying to transform retail businesses to achieve this. The platform has created a blockchain payment ecosystem with XPOS, XPASS, and virtual XWallet. XPOS is the world’s first blockchain-supported wireless point of sale (POS) for cryptocurrencies. Retailers and consumers can easily buy, sell, and trade digital assets in physical stores using XPOS.
Founded by Zac Cheah, Danny Lim, and Pitt Huang in Jakarta in 2017, Pundi X was initially structured as a decentralized application (Dapp) on the Ethereum blockchain. Later, the project switched to its own blockchain and introduced a new system with the launch on the Function X network. Currently, the blockchain is working to be one of the largest crypto networks providing a retail POS gateway.
Is NPXS a Good Investment?
In the past, Pundi X was in the market as NPXS coin. After the idea of creating a new cryptocurrency was voted by investors in 2021, it was launched as a new cryptocurrency on March 30, 2021, and NPXS became PUNDIX. The maximum supply of PUNDIX was determined as 260 million, and almost all of the token supply is currently in circulation. It is used for purposes such as retail payments, passive income through staking, and decentralised management of the platform.
Since its launch in 2017, Pundi X has come a long way as a constantly evolving ecosystem. With the credit cards it offers, users can shop with cryptocurrencies from affiliated businesses. Currently, the project holds an important position in the market as the 240th largest digital currency. It also trades on major exchanges such as Binance, Bitget, and Bitrue.