Accelerating Crypto and AI adoption Dear Pundians, Thank you for joining our Q3 2024 Progress Report. Those who couldn’t join it can watch the video version by visiting our YouTube Channel. In this report, we covered the developments of XPOS, rollouts and partnerships, PURSE, Pundi X Chain, events, and the updated Pundi X’s 2024 roadmap. Happy 7th Birthday, Pundi X! […]
Accelerating Crypto and AI adoption
Dear Pundians,
Thank you for joining our Q3 2024 Progress Report. Those who couldn’t join it can watch the video version by visiting our YouTube Channel.
In this report, we covered the developments of XPOS, rollouts and partnerships, PURSE, Pundi X Chain, events, and the updated Pundi X’s 2024 roadmap.
This is the time when we celebrate the Pundi X anniversary. It has been a great 7-year journey, and we could not have done it without the support of our community.
To make the payment gateway providers and merchants adopt crypto faster and easier, we have built a suite called Pundi X Pay. It is an AI-empowered crypto payment solution that automates the payment process without POS terminals.
The product suite includes InStore QR code, payment link, and API.
All the merchants need to do is generate the QR code from the merchant portal and display it in front of their counters. Customers can scan it with their mobile devices and choose their preferred cryptocurrency, blockchain network, and wallet to pay.
For payment link, merchants can send a dynamic link to customers, allowing them to complete transactions securely online using their preferred crypto and network.
As for APIs, these can enable businesses to integrate and process crypto payments directly within their applications or websites, making the deployment faster.
In Q3, we added USDC support on both Ethereum and Solana.
Pundi X became a certified member of the Circle Alliance Program.
XPOS now supports the ioPay wallet developed by IoTex.
We have some new merchants joining our South African force.
Imagine buying sportscars with Bitcoin. It’s happening right now in South Africa.
The famous kitchenware brand is now accepting crypto payments in South Africa as well.
In September 2024, Pundi X & Futureverse sign an MoU to build AI DATA omnichain layer and expand metaverse payment solutions together. Futureverse, is a leading AI and metaverse company. This strategic partnership will focus on integrating AI and blockchain technologies to enhance both ecosystems, driving forward the development of decentralized finance, metaverse payment solutions, and AI data innovation.
Pundi X also signed an MoU with Oraclus, an AI-empowered data analytics platform dedicated to providing comprehensive market insights to Web3 users. This collaboration will focus on AI-powered blockchain tools for enhanced market analytics.
After the Genesis Edition, Scoin branded cards, a new version of the p(x)Card, PURSE p(x)card, launched during Korean Blockchain Week in September 2024. The p(x)Card is a hardware wallet with a built-in private key, and the design of the latest card was voted on by the PURSE community.
The PURSE p(x)Cards were distributed to participants joining the XBlockchain Seoul Meetup during KBW, deAI Summit during Token2049 Singapore, and the opening party of Taipei Blockchain Week co-hosted by Pundi X. It will soon be available on Amazon Japan.
The socialFi tool, PURSE+ browser plug-in, has been taken to the next level with AI integration. It is now the first-ever socialFi AI tool on X.com.
Since the launch of PURSE+ in Q1 2024, this socialFi tool has gained over 25,000 users. With the AI integration, the tasks on PURSE+ also evolved.
The upgraded PURSE+ displays great differences on the tasks board from the previous version. In the new version, the tasks are layered, including basic, standard, and expert. The complexity of tasks also escalates. When a task is completed, you will be rewarded with FUGU points, which will be used to unlock more rewards.
In addition to completing tasks to earn rewards, participants can also add Tweet to PURSE+ to earn more FUGU points.
Install PURSE+ and start tagging today: How to Sign In to PURSE+
In Q3, 2024, we completed a crucial governance proposal with the community: the merge of Pundi X Chain with f(x)Core.
Before proposing the proposal, the matter of merging Pundi X Chain with f(x)Core had been discussed with our community on Starscan forum. The community’s voice and opinion mean great things to us, and we’d like to thank you for supporting the merge, which will bring more exciting developments in the future.
On July 26 and August 20, 2024, Pundi X co-hosted crypto meetups with Offchain Tokyo.
Despite the heat, Pundi X Japan participated in various outdoor events, including the Summer market at Osaki station.
Pundi X co-hosted the first Base community meetup in Jakarta together with all Base Indonesia partners, as well as the first Base Onchain Summer Community Meetups in Indonesia.
Pundi X CEO and Co-Founder Zac Cheah, talked about AI and Blockchain: Transforming Cryptocurrency Usability for Mass Adoption at Istanbul Blockchain Week.
Pundi X hosted the XBlockchain Taipei Meetup before the Asia Blockchain Summit. The event highlight was the panel discussion about “Peaceful Cyborgs: Convergence of Human and Artificial Intelligence” with speakers from TON and Turing Space.
Pundi X CEO and Co-Founder Zac Cheah and Co-CEO Peko Wan presented as panelists at the Asia Blockchain Summit to talk about AI and Blockchain and explore the shortest path to onboard users to Web3.
Peaceful Cyborgs: Convergence of Human and Artificial Intelligence — Asia Blockchain Week 2024
Conquistador of All Chains: Exploring the shortest path to onboarding everyone onto Web3 at #ABS2024
XPOS solution was showcased at the Asia Blockchain Summit.
Asia Blockchain Summit 2024 in Taiwan
The AI initiative of Pundi AIFX is first introduced during the Pundi X Seoul Meetup during the Korean Blockchain Week 2024.
Pundi X Co-founder Danny Lim announced the partnership with Futureverse on AI data layer integration and Root Network integration on XPOS at the Futureverse Vibe event.
Pundi X CEO and Co-Founder Zac Cheah spoke about Pundi AIFX Democratizing and Tokenizing AI Data at the “Web3 AI Seoul: The Future of Work” event, which was organized by AI Network.
Our Co-founder Danny Lim introduced tokenizing AI data, including PURSE+, at the Supra Demo Day, organized by leading Korean VC Hash.
The Token2024 Singapore was all about AI & Web3, RWA, and DePIN. The panel discussions at deAI Summit hosted by Pundi X dived deep into the synergy of AI and blockchain and the possibilities to be explored in the future.
deAI Summit TOKEN2049 Singapore 2024
Pundi X Co-CEO Peko Wan spoke at the IoTeX R3al World Summit.
Pundi X CEO and Co-Founder Zac Cheah spoke at the Base community meetup during Token 2049.
Pundi X Ecosystem Lead, Indra, participated in the SG Builders panel discussion.
Pundi X showed the Plan B team the support of Bitcoin Lightning Network on XPOS.
Pundi X co-hosted with the TBW organization team BuZhi DAO, the opening party to kick-off Taipei Blockchain Week in December 2024.
In July 2024, we hosted an XSpaces with speakers from Assisterr, NetSepio, Synesis, and Oraclus to discuss AI decentralization.
Check out this episode on Pundi X Podcast:
In August 2024, we hosted another XSpaces with InTeX, RevoFi, and Octo to talk about RWA and DePIN.
Check out this episode on Pundi X Podcast:
Thank you for tuning in our XSpaces. We look forward to seeing you in our next episode!
In Q3, we successfully increased our stable coin offering, USDC and became a certified member of the Circle alliance program. We also have developed the Pundi X Pay APIs, enabling smoother integration for businesses accepting crypto payments.
Currently, we’re in discussion with several licensed operators on XPOS.
In Q4, we made adjustments and set up different milestones to catch up with both the latest web3 and AI technology development.
We know web3 is all about decentralization and asset ownership. We have been working on fully decentralized XPOS, in which merchants can accept crypto directly through the private wallets of their choice. From November 1, Pundi X will no longer be the custodian of the XPOS franchisees and merchants. This is also for compliance.
For the past few months, we have been sharing the knowledge with our partners and helping them set up their liquidity pools to manage the XPOS platform.
We will notify the XPOS merchants to withdraw their assets from the custodial XPOS platform, and we will replace it with a decentralized, self-custodial system when it is ready. This will allow more flexible in working with other L1 and L2 ecosystem partners and bringing their networks to our daily lives.
Please stay tuned for the launch.
As for AI, we believe that this will be bigger than the internet. The team is developing the AI data marketplace to allow more people to participate in this revolution. In Q4, we will announce the launch of the product.
For education, we will share our observations from the industry and findings about the State of AI in Crypto Payments report. Here is a sneak peek into our latest report, where we explore the exciting intersection of artificial intelligence and cryptocurrency payments.
The report is broken down into five key areas:
AI is poised to transform how we handle payments completely — it’s bringing in a level of efficiency and security that the crypto world needs right now. But there are still some challenges, like regulations and adoption rates, that we’ll need to work through before we see widespread use.
Stay tuned for our report release.
Join the discussion of our AI initiatives and vision with the co-founder & CEO of Pundi AI, Zac Cheah, at Pundi AI AMA on October 16, 2024, at 8:00 pm GMT+8.
Thank you for joining the session. Pundi X also has a Podcast program that is available on all platforms. Follow us and never miss a thing!
Stay healthy and safe, and we will see you in the next progress report!
Sincerely,
Pundi X Team
We empower blockchain developers and token holders to transact digital assets and services at any physical store in the world. Telegram: http://t.me/pundix
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