Pundi X Announces Point-of-Sale Hardware Ahead of ICO

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Pundi X, a “cryptocurrency point-of-sale” (POS) solutions provider based in Southeast Asia, announced on Jan. 2 the development of three functional POS devices ahead of the launch of their public token sale on Jan. 21.

Pundi X aims to allow retail store owners and their customers to easily convert between crypto, fiat, and cryptocurrency pairs for payment. The three devices consist of XPOS-1, a medium sized gateway for economical countertop use, XPOS-2 for handheld use outdoor and other venues with limited counter space, and XPOS-3 resembling an iPad and ideal for use in large retail operations seeking to display ads or other information on the screen. All three models are NFC-compatible and integrated with BTC, ETH, XEM, QTUM, as well as mobile wallets and bank cards, the company says.

Zac Cheah, CEO of Pundi X, said in a statement: “Due to the inquiries we received during the roadshows, the team decided to get more working products ready before our public token sale begins. We know that we need to get the devices made immediately and distributed right after the fundraising. 2018 will be an exciting year for Pundi X. We are ready and look forward to getting more cryptocurrencies in more places. ”

Pundi X says it has partnered with a handful of cryptocurrency and other companies to facilitate their POS services –  Appsolutely in the Phillipines, WandX and Retainly in India, and CannaSOS and U.CASH in the North American market. In Indonesia, rollout of POS services will partner with existing QR code payment solutions provider and Pundi X affiliate Pundi-Pundi. Pundi-Pundi gathered over 100,000 registered users and 600 merchant partners within their first year of operation, the company says. According to a press release, Pundi-Pundi recently signed a strategic partnership with Warmindo, a food stall subsidiary of Indonesian food company Indofood, to install nearly 45,000 payment gateways for cash-free transactions.

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The Pundi X token sale starts Jan. 21 and will run to Jan. 31 or until the $35 million hard cap is achieved. $23 million were raised in the Pundi X presale, according to the company.  Pundi X aims to install at least 100,000 XPOS devices over the next three years.

For more information on Pundi X and the upcoming crowd sale, visit https://pundix.com/.

About Alex Behrens

Alex started his professional career in a data analyst role at a global electrical components distributor before transitioning to work in the blockchain industry full time in 2017. He has performed research and analysis on multiple projects including traditional securities and cryptocurrencies, and has contributed to operational design for cryptocurrency mining and other entrepreneurial projects since 2015. Alex graduated from Ithaca College in 2014 with a BS in Finance and a minor in Politics.

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