Hold pushing for blockchain adoption

Completely satisfied second anniversary, Pundians!

The final two years have been very thrilling for us, and we stay steadfast in our mission of creating blockchain extra accessible for everybody. From rising our fee ecosystem to internet hosting our personal summit and even creating our personal smartphone (and making the world’s first name over the blockchain!), we’re grateful that you just’ve continued to help us since we launched again in 2017.

We’re gearing up for regular development of the years forward, however we needed to take this chance to look again in any respect the unbelievable issues we’ve achieved up to now, milestones which have made our neighborhood proud and our firm extra acknowledged as a thought chief on this quick evolving house.

The beginning

On September 27, 2017, we created a submit on Bitcoin Speak Discussion board saying the Pundi X venture. The title revealed our easy however bold objective: to allow any retailer to purchase, promote and settle for cryptocurrency.

Token holders will have the ability to use their cryptocurrencies to buy on a regular basis services, whereas retailers can have a neater and extra tangible method to profit from the blockchain revolution.

That objective is made doable by the XPOS, the world’s first blockchain-powered point-of-sale system enabling any service provider to transact with cryptocurrency. Throughout the first few weeks of our launch, we introduced a number of XPOS prototypes to our future companions and on-line supporters, which proved to be an integral issue behind the success of our token sale.

Pundi X first London meetup in December 2017

On January 21, 2018, we kicked off the general public token sale of our token, the NPXS. And we reached our exhausting cap of 35 million USD in lower than 90 minutes, due to the 11,788 contributors.

Bringing XPOS to the world

After our token sale, we proceeded to XPOS manufacturing and work on establishing our world community of companion XPOS distributors. Since we needed to make blockchain and cryptocurrency accessible even to individuals who weren’t acquainted with the expertise, we made positive to companion with retailers and organizations across the globe which have ardour to coach cryptocurrency and push for actual world adoption, catering to a broad base of shoppers in a various vary of conditions.

In August 2018, we began delivery the primary batch of XPOS models. Within the following months, these XPOS models had been seen within the storefronts of cafés, supermarkets, division retailer and even clinics, enabling shoppers to buy a wide range of services with their crypto tokens.

XPOS additionally obtained certifications, together with CE, FCC, KC, UAE’s TRA and extra. These markings point out that, from a security and environmental safety perspective the XPOS can confidently be utilized by individuals and their communities. And it additionally permits a easy, broader XPOS rollout.

As of immediately, we’ve shipped 5,000+ XPOS to over 25 nations together with Argentina, Australia, Brazil, Canada, Columbia, Chile, South Korea, South Africa, Venezuela, Uganda, UK, USA, and extra, near 1,000 XPOS actively dealt with 21 million USD price of crypto transactions in several nations.

We additionally spent 2018 selling the XPOS in a wide range of conferences, boards, and occasions held all over the world — six continents, to be precise. Maybe the largest occasion of them was ULTRA Taiwan 2018, the world’s first main music competition powered by blockchain expertise. Within the two-day competition, over 100 XPOS gadgets being utilized by 35 retailers had been processing transactions made by 30,000 attendees. That occasion stress-tested the XPOS answer, proving that it may possibly deal with massive volumes of transactions even whereas open air.

Increasing the fee ecosystem

In 2019, we began to combine XPOS with main conventional POS producers. The primary profitable integration was accomplished in July 2019 with VeriFone. With this integration, retailers and stores utilizing the Verifone X990 with XPOS module activated will now have the ability to course of cryptocurrency funds alongside conventional transactions.

Whereas the XPOS stays the point of interest of our fee community, we’ve additionally expanded that community with three main additions over the previous two years.

We’ve launched the XPASS, a bodily transaction card enabling customers to conveniently carry their crypto property wherever they go. These playing cards can be utilized to transact with XPOS retailers utilizing NFC expertise. We’ve additionally created custom-made XPASS playing cards with our companions and distributors throughout the globe, from American streetwear manufacturers, Chinese language work to Japanese manga. Over 180,000 playing cards have been issued as of immediately.

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