The new XPOS devices made by Pundi X will be adjusted to USD 499 per unit, starting from June 1st, 2021 Over the past years since 2018, Pundi X’s XPOS devices have made it possible for brick-and-mortar stores to move from a dependence on fiat currency to using cryptocurrencies with contactless transactions. XPOS devices have so far been distributed to […]
The new XPOS devices made by Pundi X will be adjusted to USD 499 per unit, starting from June 1st, 2021
Over the past years since 2018, Pundi X’s XPOS devices have made it possible for brick-and-mortar stores to move from a dependence on fiat currency to using cryptocurrencies with contactless transactions. XPOS devices have so far been distributed to over 30+ countries across the world, ranging from Brazil to Japan. XPASS cards can also be co-branded as a marketing tool for brands and be paired with Pundi X’s XWallet app, a handy way of using cryptocurrency for first-time users.
In order to keep up the service quality surrounding the XPOS devices and its ecosystem, we will adjust XPOS recommended retail price (RRP) to 499 USD per unit, starting from June 1st, 2021.
The reasoning behind the adjustment is to continue to provide the best product quality of XPOS devices by sponsoring constant system upgrades, including security enhancement, new blockchain integration, device certification, and costs of compliance. Furthermore, the price increase will also be followed by new features such as periodic mining rewards and decentralized transaction support to bring extra value to the merchants and increase the XPOS usability.
From now till June 1st, merchants who are interested in purchasing XPOS can take advantage of the current price at https://shop.pundix.com. To purchase the device and activate an XPOS account, merchants are required to be a legitimate business owner and KYC verified.
For master distributors and distributors, the wholesale price of XPOS remains the same. The XPOS RRP adjustment will allow master distributors and distributors to have better flexibility in setting up their pricing strategy in their local markets and provide better service for their merchants.
“The development of XPOS in the past few years has been stellar,” said Pundi X CEO Zac Cheah. “The RRP adjustment is a natural part of XPOS’s progression. Although it will take some getting used to, the price adjustment only means better service and increased coverage in the long-run.”
Of course, the XPOS price adjustment is hardly the only change the product has gone through since its creation. Over the years, the XPOS platform has added many features such as on-chain payment and on-chain crypto sales. This ensures XPOS devices can be used with other blockchain wallets. XPOS also introduced a flexible merchant’s service fee setting, which enables the merchants to set their desired fee to encounter volatility of cryptocurrency and local fiat currency when conducting crypto transactions. New blockchain (NEM and Binance Chain) and stable coin settlement support (USDT and DAI) were also added to cater to the demand from the XPOS users.
“While the RRP price may be different, users can rest assured they’ll always get the most value for their money,” concluded Cheah.
As always, if you have any questions or support, send us an email to support[at]pundix.com. We are happy to help.