Coin Review - PundiX
TLDR
**Unique Point of Sale system not tied to credit card processors
**Allows users to buy Cryptocurrency from any business with a terminal
**Users can top up with crypto or fiat
**Compatible with multiple cryptocurrency assets
**Offers loyalty and reward program to users
**Merchants can sell advertising with the machines for extra revenue
**Company has already begun distributing terminals
www.pundix.com
TICKER - NPXS
Available at www.Ethershift.co - IDEX - HOTBIT
What is PundiX?
PundiX (NPXS) is a cryptocurrency Point Of Sale system developed to allow for underbanked individuals to have access to a globally accepted payment system. While most crypto payment solutions choose to work within the system, by adopting debit cards from traditional payment processors, PundiX has instead created their own solution.
The NPXS terminal does not depend upon the approval of Visa or Mastercard, and instead it establishes its own system. While it seems that this may be a difficult approach to convince merchants to adopt, the truth is that by creating their own terminal, they allow for much lower transaction fees. Merchants have been squeezed by exorbitant fees by these processors for years, and until now, they’ve had no way to combat it. With the growing adoption of cryptocurrencies across the globe, they are finally starting to look like a real solution.
Pundi’s machine is not just a one trick pony though, it also incorporates another very interesting feature in that it essentially allows any business to become a cryptocurrency hub. The regulations and paperwork for selling cryptocurrencies have historically been a major pain point of adoption, but thanks to NPXS, your local coffee shop or cafe can now become an on ramp for your community into cryptocurrencies. All of the legalities and headaches are handled by the PundiX company, merchants simply sell digital currencies as easily as they would a cup of coffee or a sandwich. If you hop over to Youtube, you can watch CEO Zac Cheah showing exactly how painless the entire process is in a cafe that is already using the terminal.
Yes, while other crypto cards and payment solutions are still a twinkle in their creator’s eye, PundiX is already distributing working machines to merchants, and they have plans to ramp up production over the coming year. In addition to the merchant terminal, and the payment cards users will be able to use, there’s also the PundiX app for mobile phones. With a quick swipe, payment can be deducted seamlessly. Users will also be able to earn reward points for paying using the application.
The road map for the project is ambitious, and they plan to have distributed over 20,000 units, and 300,000 payment cards by the end of the year. The company has also made some interesting partnerships, including one with Lumen, which will allow them to offer low cost remittances in Indonesia, their key market.
While their product is excellent, as far as the underlying token goes, investors may find that it could be difficult for it to appreciate in value. For starters, the circulating supply is enormous, which puts downward pressure on the asset. In addition to that, even more coins will begin pouring in, because the company currently offers an airdrop to all of their holders.
