Over the last month, we hit several milestones — from being Samsung’s first fintech app in its blockchain ecosystem to organizing meetups in five cities across the globe, and so much more in between. Allow us to walk you through the specifics.
The token removal for Q2 2019 is completed. We took out approximately 34 billion tokens (5 billion NPXS and 29 billion NPXSXEM tokens) from the total supply. The amount of the removal in this quarter is relatively high because we have included the amount of NPXS and NPXSXEM converted to FX tokens in May.
The live recording of the AMA session held on July 3 at 10:00 am GMT+8, tackling Q2 progress and addressing questions and concerns by the community members, can be viewed here. You may also find a summary of the Q2 progress presentation as well as all the detail Q&A.
We’re close to capping the first half of the year, but we assure you that Pundi X has barely scratched the surface in terms of what we can offer in 2019. A lot of works are in progress which we will announce when ready. Nonetheless, we have achieved some very promising milestones for the past few weeks, further highlighting our commitment to bringing easy payments and unparalleled crypto experience to our clients. More product enhancements, merchant activation, greater engagements, and higher security standards — these are what we have delivered last month.
We are pleased to announce that Spanish cryptocurrency platform Bitcobie will be the master XPOS distributor in Spain.
In a most recent development, California-based Dr. Peter H. Grimes, Doctor of Chiropractic (D.C.), a member of Avanti Sports Medicine and Fitness, announced that it will begin to accept cryptocurrency payments through Pundi X’s more and more ubiquitous XPOS device supplied by BTCKing, a Pundi XPOS reseller in USA.
Pundi X has been actively promoting the adoption of blockchain technology and the use of digital currency while ensuring compliance with local jurisdictions and regulations of each country. In order to work closely with the blockchain developers in Japan, we have joined the Blockchain Collaborative Consortium (BCCC), which promotes the adoption of blockchain technology.
Last month, our distribution partners launched a limited edition of the XPASS card and extended the reach of our blockchain technology to South Africa. The XPOS became the first blockchain device to receive the CE and TRA certification which will play a crucial part in a number of initiatives which we are rolling out. For more details of activities and progress in April, read on.
It’s just the first quarter of 2019, but we’ve been on a roll. From implementing a more rigorous KYC mechanism on our platforms, adding distribution partnerships in new countries, participating in key FinTech events to achieving 100,000 registered XWallet users, the Pundi X team continues its commitment to bring blockchain technology into people’s daily lives. Check out what we have been up to in March.
A busy February saw us bring on a host of new XPOS merchants, new features for the XPhone and intended compliance updates to adhere to the everchanging regulatory landscape ahead of the launch of the Function X.
It’s the world’s biggest mobile show, bringing together the newest technology and ideas from every aspect of the international mobile technologies industry. And at this year’s MWC Barcelona, Pundi X will be discussing the different ways in which blockchain technology is changing the way people communicate, work and play while showcasing new features for Function X and its use in the XPhone.
The largest experiential tech festival in the Middle East, STEP Conference, will be hosted in Dubai Internet City on February 13–14, 2019. Over 6,000 attendees from tech startups, investors, entrepreneurs, and influential speakers will participate in the festival. Constantin Papadimitriou, President, and Kester Wong, Product Analyst, from Pundi X, will join two of the four conferences, Step X and Step Money, to discuss the trends together with the tech leaders in the fields as well as to showcase Pundi X technology.
Is 2019 going to be a bear year or a bull year for cryptocurrencies? I’ll leave the prognostication up to the crystal ball gazers. But what I can say with certainty is that 2019 is going to be a year of more aggressive regulatory development governing crypto and increased scrutiny of crypto-related businesses.
It’s a new year, both on the calendar and for the Pundi X project. Close to one year since the completion of our public token sale Pundi X has turned a new corner and we’ve marked the anniversary with new XPOS locations, new development for Function X and new plans to extend the project and, of course, continuing to spread the word about blockchain and mass adoption.
What an action-packed year this has been for us.
From concluding our public token sale in January; to launching plans to take blockchain to the next level; to appearing at events on six continents to spread the word about blockchain adoption; to shipping our XPOS to 25 countries around the world, it’s been a jam-packed year by any definition. And it’s been our pleasure to share it with you, members of the most active community in the blockchain space and who have been our partners every step of this year.
One more month to go for 2018! As we turn the corner on a highly-successful year we’ve spent the month announcing new business lines, new uses for our Function X blockchain and even a new global headquarters.
