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Point-of-sale solutions based on blockchain developed by Pundi X took a step towards fruition last night. This video published on Twitter demonstrates the first Norwegian purchase of cryptocurrency using one of Pundi's XPOS devices, a cryptographic payment processor for retailers.
This follows the presentation of the new Pundi smartphone based on blockchain at CES 2019. Still in the prototype phase, XPhone allows calls and encrypted texts and can become a node on the Pundi X network with a touch of the finger, as explained on PCMag.
All this attention has led to a 975% increase in the volume of NPXS exchanges over the last twenty-four hours, since the NPXS / BTC and NPXS / ETH markets have warmed up on Binance. The token rose to 23% overnight, and increased by 34% for the week, while the volume of trade returns to the monthly highs.
Price Pundi X – NPXS / USD
From last night's low of $ 0.000459, NPXS gained 23% in value up to $ 0.000565. Just over 34% of the gains were recorded in the five days from 4 January, with the daily change increasing by 975% at that time.
Given the circulation of 166 billion coins, this brings Pundi X into the top of the top fifty coins by market capitalization. Today the value of $ 9.5 million is thirty days, while the volume of $ 20-30 million recorded between October and November 2017 suggests that NPXS still has room to stretch its legs.
Over 75% of that volume comes from Binance, where BTC trades dominated more than half of the daily total, while NPXS / ETH rose by about a quarter.
Point of Sale XPOS device
A video released last night demonstrates a cryptocurrency transaction processed using the XPOS device and activated by PUNDI X's XPASS contactless debit card.
XPOS transactions take place virtually instantaneously (0.5 seconds) and do not require any waiting for confirmation to be purchased. The technology is such that it will process any cryptocurrency transaction, not just NPXS tokens. As indicated on the Pundi website:
"The XPOS is neutral to the cryptocurrency, so you can make transactions with your favorite coins or tokens like BTC, ETH, BNB, NPXS, etc."
At the time of payment, a merchant can choose to receive his payment directly in fiat currency, thus circumventing the volatility risks normally associated with encrypted transactions. The high-circulation altcoin made giant strides with this technology in November, when it was adopted in an Indonesian rural community for the processing of encryption payments.
XPhone prototype
The presentation of XPhone at CES 2019 was sufficient to obtain coverage in PCMag. While still in the early stages of development, the blockchain-based phone is likely to attract attention with its encryption and hosting capabilities.
The phone can switch from Android mode to blockchain mode with a simple touch, allowing the security of texts and end-to-end calls when transforming into a network node in the process. Further details are kept under control, although a third-quarter release date has been publicized.
To get some context on the recent ascent of Pundi X, take a look at this 2017 ICO analysis and compare the stated objectives of the project with those achieved so far.
Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. It holds investment positions in the currencies, but does not carry out trading activities in the short term or daily.
Featured image courtesy of Shutterstock.
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