Cryptocurrency uses blockchain technology for a secured and safe transaction. The technology can be utilized by governments, corporates, individuals for their unique requirements.
Given its rapid usage and involvement by people from all walks of life, there is some regulation requires for participant’s and investor’s safety. It is the currency of the future by all means and so, there is no second thought on its survival. But the thing to observe here before investing is how the government is going to regulate it and the repercussions of the cryptocurrency bill, 2021.
In continuance of today’s blog, we will discuss one of the leading cryptocurrencies in 2021, PundiX for your reference. Read through the passage and make a smart decision to invest in one of the most sought-after cryptos in India.
What is PundiX? Brief Introduction
PundiX works on the Ethereum platform and facilitates the smooth transaction of goods and services using digital currencies and assets. At the time of inception, developers made the platform for the distribution of point-of-sale devices to small businesses that receive virtual payments through PundiX tokens.
Developers from Indonesia and China made the platform for maximum financial inclusion in South East Asia where more than fifty per cent of people do not own a bank account. Zac Cheah is the CEO and Pitt Huang is the CTO at PundiX since its foundation in 2017.
PundiX has physical offices in London, Jakarta, Seoul, Sao Paulo, Shenzhen, Singapore, and Tokyo. Their team is expanding faster and the majority of them focus on research and development to innovate newer ways to optimize blockchain technology.
How PundiX works?
PundiX works with its four components namely Pundi XPOS devices, Pundi X wallet and App, Pundi X contactless card payment system, and PundiX token.
These components realize the true vision of bitcoin that is using cryptocurrency as a means of payment for goods and services. A digital medium for safe and secure online transactions with blockchain technology.
The team behind the platform focuses primarily on the unbanked regions of the world and specifically in the Southeast Asian region. They want to make Pundi X a user-friendly platform for people unable to access financial help and banking system.
Best time to invest in PundiX?
When Pudni X was founded in 2017, using cryptocurrencies in real life was extremely difficult. Even Bitcoin, the most popular digital currency, proved ineffective for purchasing goods. The situation with altcoins was considerably worse, as using alternative cryptocurrencies to pay for anything was nearly impossible.
Pundi X simplifies the use of cryptocurrency in everyday life. The PundiX platform comprises a comprehensive suite of cryptocurrency payment options such as XPOS, XPASS, and wallet. XPOS is the first blockchain-based point-of-sale (POS) terminal that allows for simple cryptocurrency payments in retail businesses. It’s a device that’s remarkably similar to the standard card readers seen at every store.
XWallet is the Pundi X ecosystem’s native cryptocurrency wallet. It is a multi-currency mobile wallet that accepts a wide variety of coins and tokens, including Bitcoin, Ethereum, and ERC-20 tokens.
XPASS is a crypto debit card that is available to any XWallet user who wishes to obtain one. You may easily buy products online using XPASS, just like you would with a regular debit or credit card. Your XPASS card, unlike traditional debit cards, maybe funded with cryptocurrency.
The Pundi X ecosystem is powered by NPXS, a one-of-a-kind digital asset. The PundiX token has a maximum supply of 258,526,640,301 NPXS. New NPXS tokens cannot be mined and are instead issued to Pundi X users as staking incentives.
Start Investing in PundiX
To start trading and investing in PundiX and other cryptocurrencies, a reputed exchange is mandatory to have a cryptocurrency account that allows you to buy PundiX in India. Crypto exchange is a broker that allows you to trade Coinlancer in India and other cryptocurrencies.
Suppose you are interested in buying PundiX in India and getting the best pricing effortlessly and quickly. In that case, BuyUCoin Exchange is the sole exchange you need. It allows you to even buy PundiX using debit card MasterCard NEFT or UPI.
Is PundiX a good investment in 2021?
Many blockchain initiatives do not have any real-world uses. Many crypto tokens are only useful on a particular platform. Because these solutions aren’t genuinely beneficial, their value can swiftly dwindle as their popularity declines.
NPXS fuels an entire ecosystem of solutions that are extremely beneficial in everyday life. PundiX is a blockchain technology startup that focuses on practical applications. PundiX is predicted to flourish as long as cryptocurrency becomes more popular, thanks to solutions like XPOS and XPASS.
Although numerous crypto payment solutions have been created throughout the years, Pundi X was a pioneer in enabling bitcoin use in everyday life. As a result, Pundi X might be considered a market leader, with many opportunities to strengthen its position in the future.
Why invest in PundiX?
PundiX POS devices for retail transaction
The team started PundiX payment solutions by distributing XPOS devices for customers and retailers. In Indonesia and several south-east Asian countries, PundiX has become an acceptable mode of payment to a large extent.
PundiX supports crypto wallets such as X Wallet, Nem Wallet, Qbai, etc., and mobile payment apps including WeChat Pay and E2Pay. Retailers and customers can easily buy and sell using the Pundi X platform using XPOS devices.
XPOS devices are connected with the Ethereum blockchain through a communication layer running X plugins. These layers imitate banking system transactions for payment verification and approvals during buy & sale.
In addition, you can also buy and sell tokens through XPOS on leading exchanges such as BuyUcoin.
PundiX charges lower transaction fees
XPOS device of Pundi X charges much lower fees in comparison with leading cards such as Mastercard and Visa for online transactions. To make payment faster, the team at Pundi X has used NEM and Ethereum.
NEM facilitates faster payments and is an established name in Asian countries.
Other Advantages for using Pundi X
- Pundi X team offers discounts and NPXA tokens for installing XPOS devices by retailers and customers. The initial target market is Hong Kong, Brazil, Indonesia, Columbia. After grand success in South East Asia, Pundi X is coming into India through leading exchanges such as BuyUcoin.
- PundiX helps in donations through multiple exchanges and tokens such as ETH, BCH, BTC, and Pundi X tokens.
- XPASS payment card and X wallet for maximum financial coverage of the general public.
Worth buying PundiX in India?
Pundi X aims to provide a foundation to the POS devices or point of scale devices using a comprehensive stack recommendation implementation of a non involving contact NFC mechanism. This can be used to make the transactions directly with the cryptocurrency blockchain. The point of scale or POS device can actively enhance the Pundi X web through the following means listed below.
1) The comprehensive Pundi X recommendation execution stack. Pundi X provides a complete equipment-recommendation implementation to sell domains as their chief POS device in Indonesia.
2) SDK — An additional simple point of view is for existing POS device producers to support the transfers of crypto to crypto fiat using the open-source Pundi X library.
3) Mobile app — One more of the simplest methods to involve the transactions for a POS is to upload the required app in your mobile onto a suitable Pundi X ICO 11 device. Some selling domains may also go for iPhones or Android phones for their users.
Pundi aims to give away the platform to its billion crypto users to buy cryptocurrencies. This transaction can be made anytime and anywhere. The Pundi X is the world’s biggest platform scattered, autonomous network of cryptocurrency sales. It is spread because the transactions are taking place, and the biodiversity is documented live on the blockchain. And also, it is autonomous as the POS devices, or the point of scale devices gives the source point.
It’s nearly impossible to find any negative NPXS price forecasts. Everyone seemed to agree that Pundi X’s essential real-world use cases will continue to positively impact the token’s worth.
However, when it comes to precise NPXS price estimates, the community is divided. Some PundiX price forecasts for 2021 are as low as $0.01, while others expect NPXS will trade for $1.
The truth is most likely somewhere in the middle. Taking everything into account, the $0.1-$0.2 projections made by several technical analysts appear to be the most plausible.