Review on Pundi X by Fabrizio Zampieri
Pundi X is one of youngest cryptos in the market (March 2018). It is a…
Pundi X is one of youngest cryptos in the market (March 2018). It is a decentralized platform and It is designed to make it easier for users to purchase goods and services using crypto. The Pundi X company plans to distribute hundreds of point-of-sale smart devices to retailers. The retailers will then be able to accept payment in form of the Pundi X tokens. This system charges lower transaction fees to the retailers.
Pundi X has changed its symbol from PXS to NPXS (the exchange is 1000:1 -PXS to NPXS-).
The team behind the crypto wants to help every crypto owner go to a store and purchase all they want just as one would with a debit or a credit card. Thanks to Pundi project, all you will need to do is locate that retailer that has a Pundi X POS.
The Pundi X team plans to start distributing their new POS devices in South East Asia specifically Indonesia. The main reason why the firm is targeting South East Asia is that more than 73% of the people here don’t have a bank account. These POS devices will let users purchase tokens directly or use the tokens in their wallets to buy items. The POS is going to be a smart device which will connect to the Pundi X blockchain.
Tecnically: the developer team has designed the device to be connected to the Ethereum blockchain with Xplugins with two layers. There will be a communication layer which delivers a buy request. The other blockchain layer will record the sale transaction. The platform will also be able to connect small stores to the blockchain. The platform is designed such that developers from around the world can set different transaction fees depending on the country they are in.
Pros
- Pundi X blockchain, Ethereum-based, will bring numerous advantages over Bitcoin ATMs such as: - smaller and more compact size; - lower cost; - portable hence good for traveling traders; - system will be open to developers; - distribution plan over 50k devices each year. Pundi team have great ambition: to be the biggest crypto sales network in the world.
Cons
- Pundi project is based on a very good idea. However, it is not clear as to the number of retailers who will adopt the POS device. Even though the crypto’s ICO was not the smoothest or the best, the token has a great potential to grow once a large number of retailers with the POS devices fully embrace the concept.
