Singapore-based blockchain solutions provider Pundi X collaboration with Prospera is to increase crypto adoption. During the Próspera Fintech Festival, which took place from November 18 to 20 in Roatán, Honduras, they gave away free XPOS devices with its latest Web 3.0 upgrade to successfully-verified merchants.

Introduction

XPOS, the world-first blockchain-based point of sale platform, notably allows brick-and-mortar retailers to begin accepting crypto payments with any blockchain wallets as well as just the easy swipe of a pre-paid crypto card. The overall goal of distributing these XPOS devices is to encourage widespread crypto adoption and give retailers a greater variety of payment options.

Pundi X’s involvement with the Próspera Fintech Festival is especially appropriate considering Próspera’s status as a special economic zone where Bitcoin is effectively legal tender. In fact, Pundi X has already partnered with the Próspera Economic Zone’s local government and local communities to allow businesses like resorts, scuba shops, and restaurants to accept crypto from their guests. Allowing Pundi X to contribute its solutions to the Próspera Economic Zone resulted in expanded economic opportunities for small businesses in the area.

Management Quote

According to Honduras Próspera Inc. CEO Erick Brimen, Pundi X’s prior expertise in helping traditional retailers understand crypto is crucial for guaranteeing the Próspera Economic Zone’s success. “Retail businesses are intimidated by the complexities behind crypto. Yet something handy like the XPOS smart device shows accepting crypto is no more complex than a card swipe and pressing a few buttons,” Brimen said.

“We want businesses to feel confident and secure when using crypto,” explained Pundi X CEO and co-founder Zac Cheah. “When you alleviate concerns on inaccessibility and instability you go a long way in turning businesses crypto-friendly.”

XPOS devices also allow businesses to accept payments in popular cryptocurrencies such as Bitcoin, Ethereum, BNB, DAI, PUNDIX, FX, and USDT. Additionally, XPOS can accept BTC, USDT, ETH, BNB payments from all supported blockchain wallets, including Bitcoin lightning network, BNB Smart Chain, Ethereum, and Tron. This wide variety gives businesses true flexibility and freedom when it comes to payment options they can take.

Of course, accepting multiple cryptocurrencies provides more benefits than just flexibility and freedom. Accepting cryptocurrencies and automatically converting them to stablecoins for merchants can reduce the volatility they will

About Prospera

Honduras Próspera Inc is the Promoter and Organizer of the Próspera ZEDE, a world-class special economic zone in Honduras. The Próspera ZEDE leverages Honduras Próspera Inc’s governance platform to create the conditions for unleashing shared prosperity and economy in Honduras. This governance model is based on a seamless integration of common law, an open regulatory framework, and professional service providers with the aim of creating shared, all-inclusive social and financial opportunities and a positive environment for all groups involved.

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Based in Singapore, Pundi X was founded in 2017 with the aim of harnessing the power of blockchain technology to make a more secure and inclusive world. The company is responsible for developing the XPOS, a point-of-sale platform that allows brick-and-mortar stores to transact on the blockchain. The company currently has offices in Jakarta, São Paulo, Seoul, Taipei, and Tokyo.

Pundi X has also been selected as one of the top 50 Innovative Fintech Startups in 2018 by KPMG and H2 Ventures, cool vendors in blockchain business by Gartner, and top 10 fintech leader by Singapore Fintech Association.

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SOURCE

https://www.prnewswire.com/news-releases/pundi-x-joins-prospera-to-build-a-crypto-friendly-zone-for-bitcoin-adoption-301683433.html

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The affected services include:

• Deposits and withdrawals of all ERC20 digital assets in XWallet
• ETH On-chain Payment and Crypto Sales
• Deposit and withdrawal requests of USDT and DAI ERC-20 on the merchant portal

SPECIAL NOTICE

• Transactions among XWallet, XPOS, and XPASS cards using the Cashier module are not affected.
• The service suspension does NOT include BNB, BTC, and USDT BEP20 on-chain payment and on-chain crypto sales transactions.
• Deposits and withdrawals of BEP20 stablecoins in the Merchant Portal will not be affected
• PUNDI X will resume the services after the Merge is completed and the networks are stable. They will notify users in a further announcement.

What is the Ethereum Merge?

The Ethereum Merge is set to move the Ethereum blockchain network away from an energy-intensive proof-of-work (PoW) model to a more environmentally-friendly proof-of-stake (PoS) mechanism, meaning merging the Mainnet with its new proof-of-stake consensus layer, the Beacon Chain.

Proof of stake means transactions are verified on the blockchain by different nodes. Crypto owners can then stake their coins to create validator nodes on the network and get a chance to verify transactions. Once they verify transactions, they get back rewards in crypto for their contribution — in this case, Ethereum. Compared to the previous proof-of-work consensus, the network’s energy usage will drop by more than 99%.

When is the Merge?

The first step of the Merge is the Bellatrix update, which was successfully activated on September 6, 2022. The next and final step is the Paris update. In this update, the PoW chain will be deactivated when the total terminal difficulty (TTD) value of 58750000000000000000000 is reached. There is no confirmed termination timing, but it is estimated to happen between September 14 to 15, 2022.

ABOUT PUNDI X

Pundi X is a leading developer of blockchain-powered devices, including the world’s first point-of-sale solution, the XPOS, which enables merchants and consumers to do transactions on the blockchain in physical stores.

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From the 4th year to the 5th year, we launched the Pundi X Chain and activated the loyalty reward mechanism, which is the PURSE token. The $PUNDIX holders can delegate and earn both $PUNDIX as network fees and $PURSE as delegation rewards.

The $PURSE tokens can be used to redeem NFTs, goods, and services, such as gift cards and limited editions of NFTs. There are 2 NFT projects that have been executed, the Mission WAGMI and the Hope For Children NFT project to help children in need in Ukraine with Function X Foundation.

The XPOS network is constantly growing. Since last year, XPOS distributor in Türkiye has opened 14 Pundi X Stores, the new business model of the physical crypto exchange shop, and the number is still increasing. More and more merchants are joining the XPOS family. PUNDI X also has new distributors in Argentina and South Africa and is exploring new possibilities in the countries where Bitcoin/cryptocurrency has been used as a legal tender.

The most exciting news will be the progress of p(x)Change (previously called DeXPOS / XChange). The decentralized version of XPOS is powered by Function X technology, along with the development of p(x)Scan, the multi-chain wallet monitoring dashboard, and p(x)Card, the multi-chain NFT-supported hardware wallet card. They launched the public beta testing in July. This is another step closer to the final launch, which PUNDI X looks forward to.

PUNDIX Upcoming Events

1. Design Contest

From Sep 1st to 25th, 2022, use your creativity to design the coolest Pundi X 5th Anniversary T-shirt, submit your design to the submission form.

2. Transact and Earn

This is an exclusive celebration event for all the XPOS merchants. Now is your chance to show how to do the drill! From Sep1st to 25th, 2022, make transactions on XPOS.

3. Sharing Greetings

From Sep 1st to 25th, 2022, share your birthday wishes and a high five to Pundi X on Twitter.

4. XPOS 50% off flash sale

Grab your chance of this once-in-a-lifetime 50% off deal from Sep 12, 2022, to Sep 16, 2022.

ABOUT Pundi X

Pundi X is a leading developer of blockchain-powered devices, including the world’s first point-of-sale solution, the XPOS, which enables merchants and consumers to do transactions on the blockchain in physical stores.

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RESOURCES

Medium

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In the 2021 fiscal year (ending 30 September), Infineon reported revenue of more than €11 billion with a workforce of some 50,280 people worldwide. Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY).

INFINEON VISION

Infineon’s vision describes the future. They envision and want to achieve for their organization. It is the ultimate goal that inspires and motivates us to keep moving forward. Shaping everything from the IoT, artificial intelligence, and Industry 4.0 to deep machine learning and intuitive sensing, digital transformation is becoming reality. The physical world will be connected with the virtual world like never before.

GETTING TO KNOW WITH PUNDI X

Pundi X is a leading developer of blockchain-powered devices, including the world’s first point-of-sale solution, the XPOS, which enables merchants and consumers to do transactions on the blockchain in physical stores. Pundi X is also the developer of the first, fully-functional blockchain phone, the XPhone with its unique Operating System called F(X) OS.

PUNDIX PRODUCT

XWALLET

The XWallet offers powerful features to manage your different digital assets. They include the ability to pair and add different XPASS cards, managing multi-chain assets (such as tokens from Ethereum and Binance Chain wallets). XWallet is built to provide a secure system that makes it easy to manage multiple digital assets like Bitcoin (BTC), ETH, DAI, NPXS, NPXSXEM, BNB, XEM, QTUM and many other tokens on the go.

• Buy and spend digital assets instantly via XPOS®️
• Send and receive digital assets easily from your friends and family in Telegram within XWallet. No fees.
• Access a wide range of services through DApps in XWallet

PUNDI XPOS

The Pundi XPOS is a blockchain-enabled Point-of-Sales device. It comes with features including buying and selling of cryptocurrency, and also using cryptocurrency for purchases in the store.

THE PUNDI XPASS

Pundi XPASS is an NFC-enabled crypto debit card for people to buy, sell and trade cryptocurrencies with a swipe. You can also buy daily items with it.

Pundi X and Infineon collaborate for the upcoming crypto hardware wallet XCard powered by SECORA™ Blockchain Security solution, and  FUNCTION X will make its first public appearance in IdentityWeek ID Asia in Singapore.

This hardware wallet card will support NFT and on-chain transactions on Ethereum, BNBCHAIN, Avalanche C-Chain, and Polygon via PundiX ‘s blockchain-based point-of-sale platform XPOS.

ABOUT PUNDI X

Pundi X is a leading developer of blockchain-powered devices. Including the world’s first point-of-sale solution, the XPOS, which enables merchants and consumers to do transactions on the blockchain in physical stores.

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ABOUT Infineon

Infineon is a world leader in semiconductor solutions that make life easier, safer, and greener.

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The Function X blockchain project is proud to celebrate its latest milestone: the launch of the EVM compatible chain (f(x)EVM) on the Function X Mainnet and its upgrade to block 5,713,000.

This upgrade occurred approximately on July 16th, 2022 at 12:00:00 UTC. Allows developers to migrate their decentralized apps (dApps) to Function X instantly. It also provides the infrastructure to make sure the dApps run smoothly, with low fees, and on a secured network. Function X is one of the first projects to integrate an EVM-compatible chain on a chain based on the Cosmos network.

The upgrade is crucial to Function X’s goal of becoming decentralized finance (DeFi) blockchain platform that strengthens the DeFi ecosystem. Its mission is to encourage developers to use Function X to contribute to the advancement of DeFi and blockchain technology.

Function X is a product supported by use cases and with the f(x)EVM launch. They will see more new use-cases built on the ecosystem. For example, the f(x)EVM launch follows the successful deployment of a retail payment solution (PundiX Chain) and perpetual derivatives trading platform (MarginX). Function X also allows developers to customize the chain based on their needs. By using the Subnet solution while inheriting Function X’s speed and security.

Mainnet Upgrade Benefits

After the f(x)EVM upgrade, users can bridge their $FX and other tokens (such as FX, PUNDIX, PURSE, USDT, and more) from Ethereum to f(x)EVM using FX Bridge. The f(x)Swap will be one of the first dApps that will be available on f(x)EVM. It is also a decentralized exchange. Permits users to swap different cryptocurrency tokens via MetaMask or any other decentralized wallet supporting Wallet Connect e.g f(x)Wallet.

Apart from swapping, there will also be Liquidity Pools. This is where anyone can become a liquidity provider for a pool and earn rewards in the form of trading fees when users trade in those pools.

Deploying dApps to Function X EVM

Function X invites all developers to come and build on the f(x)EVM. With the dApps, you’ll be able to build include not only DEXes but also liquidity protocols, yield aggregators, NFT Marketplaces, and many more. To top it off, the Foundation is allocating $20 million from its Ecosystem Genesis Fund to attract developers and nurture the development of the Function X ecosystem.

The Ecosystem Genesis Fund is transparent and accessible to all developers through governance proposals. This fund allocates to encourage and help to accelerate the development of Function X (and f(x)EVM).

With the recent f(x)EVM upgrade and new investments into the Ecosystem Genesis Fund, the Function X network is set for impressive growth and exciting times ahead.

ABOUT FUNCTION X

Function X supports cross-chains internally (between f(x)Core and other Function X chains) and among other chains (Ethereum, etc). Through decentralized validators, they can safely move assets between f(x)Core and different chains. This comes with high transaction speed, low transaction cost, ability to trade assets, and other useful scenarios.

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