Dear Pundians,

Welcome to Pundi X October Insider. As we delve into the highlights of October, we are excited to unveil an addition to the XPOS platform. Introducing “Pay via Email,” a feature designed to take in-store crypto transactions online via their point-of-sale smart devices. Additionally, we celebrated the Pundi X 6th anniversary in Türkiye, the country that gave birth to the Pundi X crypto exchange stores. Stay tuned as we navigate through XPOS merchant highlights, community events, and our progress report for Q3 2023. The journey continues, and we are grateful to have you with us

Product Development

Pay via Email added to XPOS for beta testing

You request, we deliver. We have implemented a new feature on XPOS called “Pay via Email.” Merchants can use “Pay via Email” to generate an invoice and send it to the customers’ email address. The customers can scan the QR code on the invoice and make the payment within 24 hours. This will facilitate crypto transactions via XPOS in both physical and online outlets, streamline payments, and offer the option to “Pay Later at Home” with preferred wallets. The key benefits include enhanced convenience, efficiency, global accessibility, and an invoicing tool for online payments. We launched a test version for selected distributors and merchants to test in October.

PURSE’s BDL removal

20% BDL (Burn, Distribution, and Liquidity) fee is no longer applied to each PURSE transaction you make. Although BDL was removed, PURSE will continue to have a burn mechanism, and it goes to reward users who provide liquidity, including but not limited to PURSE-stablecoin (Pancake, farmable on pursetoken.com), PURSE (pursetoken.com) and PURSE (fxswap, farmable on baklava.space).

In addition, $BUSD is being removed from the market, and we will replace the PURSE-BUSD LP farming reward with PURSE- USDT LP farming reward.

XPOS merchant highlights

Interview with the owner of the Grand Bazaar crypto exchange store

Exchange USDT to Turkish Lira at the Taksim crypto exchange store

Use p(x)Card hardware wallet to convert USDT on the TRON network to get Turkish Lira

Community and Events

Q3 2023 Progress Report

On Oct 26, we shared the Q3 2023 progress report. For those who couldn’t join it live, you can watch the video version by visiting our YouTube Channel.

Ethereum Rollops for Pundi X Chain announced.

During the progress report, we mentioned the exploration of Ethereum Rollups for the Pundi X Chain.

Pundi X 6th anniversary in Turkyie
Following up with the start of Pundi X’s 6th anniversary, the team took the celebration to Istanbul, Türkiye, where our long-term partner, Pundi X Türkiye, and the physical Pundi X exchange stores are.

Quoting one of the team members visiting the PEX for the first time, it was a “very emotional moment.” From the initial contact with the franchisee during the COVID-19 period till now, seeing the blooming of PEX all over Türkiye, it has been a long but fruitful journey, and we believe that the journey shall continue.

Global Fintech Panel: when banking meets web3 technology

On October 3, 2023, the Global Fintech Panel gathers fintech experts, including Zac Cheah, CEO & Co-Founder of Pundi X, David Ben Kay, President of Function X Foundation, and Osman Emre Geredeli, Innovation Center Manager, Akbank LAB to discuss the current status and future outlook of crypto adoption in Türkiye. Hakan Akyüz, Managing Director & Co-Founder of OVO Dijital Servisler, moderated the session.

XPOS solution was demonstrated at the event. The full panel discussion is now available for watching on Pundi X’s YouTube channel.

Pundi X in Cosmoverse 2023

Interview with Greece YouTuber

During Cosmoverse, Zac sat down with George to talk about Pundi X and XPOS developments. George is a YouTuber from Greece, hosting a YouTube channel talking about cryptocurrency.

Bitcoin SATS giveaways

We held three rounds of Bitcoin SATS giveaways in October, including the one celebrating the Bitcoin white paper turning 15.

Winner announcements are listed as follows. Congratulations!

PUNDIX6 limited backpack winner announcement

The X spaces together with TRON

Tron hosted X Spaces with Pundi X and XPOS merchants in Türkiye to talk about how we are making crypto usage in physical locations a reality.

Happy birthday, Pundi X Chain!

Marks 2 years now as a payment-focused layer 2 chain on Function X ecosystem. Pundi X Chain currently has 40 validators, and more than 10% of PUNDIX supply is delegated to it.

Pundi X Japan showcased XPOS at Comic Festival

XT exchange held Fixed Savings- PUNDIX subscription event

Last but not least, XPOS was mentioned as an example of being used for crypto payments during your informative episode with YouTuber Gemmy and Crypto Eri.

As concluding the October monthly report, we expressed gratitude for the continued support from our vibrant community. Your enthusiasm and engagement drive us to push the boundaries of innovation in the blockchain and crypto space. As we celebrate the 6th year anniversary, we are reminded of the remarkable journey we’ve embarked on, with milestones like the Pundi X Chain’s 2nd birthday and community events across the globe. We extend our appreciation to our partners, merchants, and the entire Pundi X family for contributing to our shared success. Together, we look forward to shaping the future of decentralized finance and fostering crypto adoption worldwide.

Thank you for being an integral part of the Pundi X journey. See you next month!