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.
After receiving CE and UAE TRA Certifications, XPOS, the world’s first blockchain-powered point-of-sale (POS) device, has also received FCC and KC certifications, paving the way for its entry into mainstream global markets.
With the launch of the Pundi X Open Platform and a commitment to attract good quality projects, developers and token issuers to the platform, the team has set up a fund from the Partnership Reserve Fund (PRF). The PRF will subsidize platform participants’ initial liquidity pools on the platform. To do this, we will resume funding PRF by executing NPXS buy-backs from the market.
The token removal for Q1 2019 is now completed. On May 11, we took out a total of approximately 14.5 billion tokens (7.5 billion NPXS and 6.9 billion tokens NPXSXEM) from the supply as announced.
Introduced on May 1, the Pundi X Open Platform enables custom ERC20 digital token listing within the XPOS, XWallet and XPASS, is now available ahead of schedule! Companies, blockchain developers and merchants can begin signing up for an Open Platform account to list their ERC20 tokens and customized XPASS cards. The option to create customized XPASS cards will be available to all successful custom token listers.
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.
We are pleased to announce the Pundi X Open Platform which will enable developers and companies to list their custom ERC20 digital tokens within the XPOS, XWallet and XPASS. This platform will also allow the creation of customized XPASS card within our payment ecosystem.
The UAE Telecommunications Regulatory Authority (TRA) has issued the Telecom Equipment Registration Certificate required for the full rollout of Pundi X’s world-leading, blockchain-based POS technology across the Emirates, also paving the way for wider adoption of XPOS in the UAE, Middle East and North Africa.
We are pleased to announce that XPOS has successfully passed CE (Conformité Européenne) tests and received the certification.
Pundi X and iBank Digital are pleased to announce the world’s first limited edition Cao Jun designed iBank XPASS card that is made possible with iBank Digital and Art Impact Foundation exclusive collaboration with the world renowned artist Cao Jun.
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.
Pundi X has always been pushing the boundaries of blockchain innovation which resulted in the creation of the XPOS (leading blockchain-based POS device) and the XPhone (world’s first blockchain phone). Today, we are pleased to announce another groundbreaking product called the XFan which is the world’s first blockchain fan.
The XWallet which is our digital asset payment app has recently surpassed 100,000 registered users! This is just three months after it was made available for users to connect their regular digital asset wallets to the Pundi X payment ecosystem.
NPXS is now available on Huobi Global from 14:30 GMT+8 on March 25, 2019 for deposit. Trading will start from 10:30 GMT+8 on March 26, 2019. The trading pair is NPXS/BTC and NPXS/ETH.
With the growing landscape of blockchain and information technology, security is paramount. In the coming weeks, we will be announcing XBounty, our bug bounty reward program for security experts. This program will allow security professionals, white-hat hackers, developers and enthusiasts to test, find, report issues and work with us.
In parallel with the rapid growth in its user base and the expansion of functionalities in its crypto wallet app XWallet, Pundi X is upgrading its Know-Your-Customer (KYC) mechanism. We are instituting a more rigorous process to achieve a greater compliance with the ever-changing regulatory environment and anti-money laundering laws.
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