Pundi X has been tapped as a associate for the futuristic metropolis improvement in Phnom Penh — the 100-hectare mixed-use personal improvement undertaking within the Cambodian capital whose digital infrastructure might be permeated by blockchain.
Sensible metropolis blockchain infrastructure builder Limestone Community might be offering the know-how layer to the brand new central enterprise district bringing to life an ultra-efficient ecosystem whose street site visitors and commuting techniques, energy and water, and public security techniques might be operated and secured over the blockchain.
“As a matter after all, the colourful commerce and life-style hub may even be transacting over the safe blockchain, and we now have chosen Pundi X to offer the good metropolis improvement with their pioneering blockchain-based POS options,” stated Eddie Lee, co-founder of Limestone Community.
Pundi X might be deploying its XPOS, XPASS and XWallet applied sciences to make a number of digital forex transactions obtainable to all of the residents within the new metropolis. XPOS makes it attainable for any collaborating retailers to simply accept digital currencies. In the meantime, XPASS is the bodily pockets that may be topped up with all main digital currencies and tapped on the XPOS for immediate transactions that occur in lower than 0.5 seconds.
Like shopping for bottled water
“To residents, staff and guests on the good metropolis improvement, safe digital funds that occur in actually a split-second will grow to be a lifestyle,” stated Pundi X CEO and co-founder Zac Cheah.
“On the good metropolis, digital forex alternate and transactions might be so simple as shopping for bottled water at shops,” added Cheah.
XPOS and XPASS might be used all through the good metropolis at eating places, cafes, clinics inside the purchasing malls, and also will be deployed in different good developments reminiscent of condominiums, accommodations and knowledge facilities.
The XPOS is digital forex impartial (all most popular tokens reminiscent of BTC, ETH, BNB, NPXS are accepted) whereas retailers even have the choice to have their settlement achieved in fiat cash.
Life on the Blockchain: Unparalleled Enterprise Continuity, Residing Requirements
Limestone might be laying a digital ecosystem that enables real-time evaluation of dwelling and shifting knowledge. The tip result’s a greener metropolis via optimum vitality manufacturing, enhanced safety by way of distributed ledger know-how, and an city civilization that enables folks to stay merely taking lots of life’s conveniences effectively and naturally.
“By offline networking and discussions, we now have heard again from many blockchain and tech builders who’ve already expressed curiosity in constructing on high of this infrastructure to ultimately join the dots to make the town an much more clever and environment friendly one.”
For this beta rollout, Limestone Community is deploying 10 XPOS units with the preliminary retailers and steadily constructing as much as 1,000 XPOS items for the pilot launch for the town by 2021.
“We’ve got admired Pundi X’s know-how ever since they began in 2017. This partnership will enable us to faucet into their current know-how and technological developments. The XPOS will energy a brand new and vibrant commerce on the new good metropolis improvement and might be central to our good metropolis showcase in considered one of Southeast Asia’s quickest rising economies,” concluded Lee.
About Limestone Community
Limestone Community was created with the imaginative and prescient to remodel the lengthy established actual property trade imbuing it with good digital capabilities. That is achieved primarily by integrating blockchain know-how to the bodily actual property belongings thus forming a digital community that connects city cities into the every day lives of the residents, exchanging data seamlessly within the background to convey comfort, effectivity and improve safety in folks’s day after day enterprise and life.
Limestone Community is a member of Cambodia Fintech Affiliation.