SINGAPORE, April 2, 2019 /PRNewswire/ -- Pundi X (https://pundix.com), the leading blockchain developer providing easy crypto payment service for mainstream consumers, announced that its digital asset wallet app- XWallet 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 blockchain-based payment ecosystem.
"In addition to XPASS card holders, there are now more people who are able to easily use crypto at physical stores via the XPOS, our blockchain-based Point-of-Sales smart device," said Zac Cheah, Co-founder and Chief Executive Officer, Pundi X. "Through a pure word of mouth effort, the rate of adoption for the XWallet after just three months of its official release is quite remarkable."
Virtual is the new Versatile
The XWallet mobile app connects regular digital asset wallets with the Pundi X blockchain-based payment ecosystem. Through the XWallet, one can easily manage digital assets stored in the physical XPASS cards, check current balances, top-up major digital currencies or conduct payment transactions instantly at physical stores. By default, the XWallet comes with a virtual XPASS card in the app for each of its registered user.
Users can top up and pay with major digital currencies, including BTC, ETH, BNB and NPXS, whereby one can transact or purchase goods and services from physical stores, with the XPOS already activated in over 250 retail outlets and verified XWallet merchants across 30 countries in the world.
Any Pundi XPASS card holder is able to pair his or her card with the XWallet to have the flexibility to make payments directly from the app without the physical XPASS card. The other benefit of pairing the XPASS card with the XWallet is the ability to control and move the digital assets within the XPASS card virtually in the event the physical XPASS card goes missing or misplaced.
"It's ultimately about versatility and security--transactions via an internet-connected XWallet app or the offline physical XPASS cards can be processed immediately. Merchants have the option to print out their QR code found in the "Collect" feature in the XWallet and use it in an offline setting without the need for an online connection. All the offline transactions can still be made by scanning the QR code, which will later be uploaded onto the blockchain," added Cheah.
Top countries using XWallet app
These 100,000 XWallet users come from every corner of the world and not just limited to a specific country or region. The ten countries with the most XWallet users include India, Bangladesh and Pakistan in South Asia; Philippines and Indonesia in Southeast Asia; Korea in East Asia; Turkey in West Asia and Eastern Europe; Brazil in Latin America; the United States; and Russia.
The countries with the most active XWallet users almost mirror the "Top 10 most download countries" list with Indonesia, India, and the United States claiming the top three places. The Philippines and Brazil fall out of the "Top 10 most active XWallet users" list with Spain and the United Kingdom replacing them.
"The XWallet's geographic footprint is truly global. We perceive the typical XWallet user to be a global citizen who wants to experience the latest innovations in blockchain technology and mobile crypto payment," said Cheah.
About Pundi X
Pundi X is a leading developer of blockchain-powered devices, including the world's first point-of-sales 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.
The XPOS has been shipped to over 25 countries and regions including Argentina, Australia, Colombia, Korea, Switzerland, Taiwan and the USA; 100,000 devices are being targeted for rollout to the global retail market by 2021.
The company is headquartered in Singapore. Its international presence includes offices in Jakarta, São Paulo, Seoul, Shenzhen, Taipei, and Tokyo.
Listed as one of the top 50 innovative fintech startups in 2018 by KPMG and H2 ventures, the company is also a member of Singapore Fintech Association, Fintech Association of Hong Kong, ACCESS, Swiss Finance and the Fintech Association. It is also a founding member of Asosiasi Blockchain Indonesia.
For more information, please visit https://www.pundix.com.
SOURCE Pundi X