Pundi X (NPXS) Climbs 23% Overnight as Blockchain Smartphone and XPOS Unveiled
The blockchain-based point-of-sale solutions being developed by Pundi X moved a step closer to fruition last night. This video posted to Twitter demonstrates the first Norwegian purchase of cryptocurrency using one of Pundi’s XPOS devices – a crypto-based payment processor for retailers.
This follows the unveiling of Pundi’s new blockchain-based smartphone at CES 2019. Still in prototype stage, the XPhone allows for encrypted calls and texts, and can become a node on the Pundi X network with a swipe of the finger, as covered on PCMag.
All this attention added up to a 975% increase to NPXS trade volume over the last twenty-four hours, as NPXS/BTC and NPXS/ETH markets heated up on Binance. The token surged to 23% gains overnight, and is up 34% for the week as trade volume returns to monthly highs.
Pundi X Price – NPXS/USD
From last night’s low of $0.000459, NPXS climbed 23% in value up to $0.000565. Just over 34% gains were recorded in the five days since January 4th, with the daily changeover increasing 975% in that time.
Given the token’s 166 billion circulation, this moves Pundi X into the top fifty or so coins by market cap. Today’s $9.5 million worth of trades is a thirty-day high, while the $20-30 million volume registered between October and November of 2017 suggests NPXS still has room to stretch its legs.
Over 75% of that volume came from Binance where BTC trades dominated over half of the daily total, while NPXS/ETH made up around a quarter.
XPOS Point of Sale Device
A video posted last night demonstrates a cryptocurrency transaction processed using the XPOS device, and activated by Pundi X’s XPASS contactless debit card.
XPOS transactions occur basically instantly (0.5 seconds), and don’t require any waiting around for confirmations upon purchase. The tech is such that it will process any cryptocurrency transaction, not just NPXS tokens. As stated on the Pundi website:
“The XPOS is cryptocurrency-neutral, so you can transact with your favorite coins or tokens like BTC, ETH, BNB, NPXS, etc.”
Upon payment, a merchant can choose to receive their payout directly in fiat currency, thus sidestepping the volatility risks normally associated with crypto transactions. The high-circulation altcoin made strides with this tech back in November, when it was adopted in a rural Indonesian farming community to process crypto payments.
The XPhone’s unveiling at CES 2019 was enough to grab some coverage in PCMag. While still in early stages of development, the blockchain-based phone has a good chance of grabbing some attention with its encryption and hosting features.
The phone can switch from Android mode to blockchain mode with a finger-swipe, allowing for secure end-to-end texts and calls while transforming into a network node in the process. Further details are being kept under wraps, although a Q3 release date has been touted.
To gain some context on Pundi X’s recent ascension, check out this ICO analysis from 2017 and compare the project’s stated aims with those it has achieved thus far.
Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.
Featured image courtesy of Shutterstock.