Product Spotlight: p(x)Card

In this article, we will introduce you to p(x)Card, the most affordable and easy-to-use hardware wallet card that is built upon Infineon technologies SECORA™ Blockchain security solution and Function X network infrastructure.

The p(x)Card is a hardware wallet card that simplifies digital asset management while providing access to NFTs & crypto on multiple blockchains. Please note that the card itself is the private key. This NFC-enabled card can be compatible with the p(x)Card app, enabling seamless transactions of the user’s digital assets.

The p(x)Card can also be used for topping up or spending crypto at merchants with Pundi X XPOS devices. XPOS itself is the world’s first blockchain point-of-sale device developed by Pundi X which is now used by thousands of merchants across 30 countries in the world.

Given that it is so easy to use, especially for those who are new to the world of cryptocurrencies, the p(x)Card can cover a diverse range of users.

First-time users of cryptocurrency or NFT:

New users entering the web3 world can benefit from the p(x)Card’s ease of use. The card’s simple tap-to-sign transaction process, combined with a mobile wallet application, allow newcomers to manage their crypto assets without being overwhelmed by complex interfaces. By reducing the learning curve for beginners, p(x)Card can encourage wider adoption of digital assets, such as cryptocurrencies and NFTs.

No more wires for hardware wallets, no more tapping buttons and looking at small screens. And no more battery life charging for your hardware wallet.

Digital Art and NFT Collectors:

The p(x)Card’s support for multiple blockchains and NFTs makes it an excellent choice for digital art publishers. The card enables users to securely store and manage their NFT collections, simplifying the process of buying, selling, or trading digital art pieces. The card’s ease of use and convenient transaction process will make it a go-to solution for selling their digital assets to more users.

Frequent Travelers:

Frequent travelers who use cryptocurrencies can benefit from the p(x)Card as a convenient way to manage their digital assets while on the go. With a simple tap-to-sign transaction process, users can easily spend their crypto at merchants with Pundi X XPOS devices or use the p(x)Card app to pay merchants who accept cryptos. As the availability of XPOS devices increases, the p(x)Card will become even more valuable to this user group.

However, the card currently doesn’t allow users to export their private keys. Is this a BAD thing?

The major disadvantage of the private key is that a single key/same recovery phrase is used for authorizing the transaction. We recommend that the private key should never be accessible directly from the web.

Now with internet-connected devices, like mobile phones or laptops, users may unintentionally leak the private key/recovery phrase on the public WiFi network or through social engineering. This can allow such wallets to be compromised by hackers.

By not allowing the export of private keys, it offers users several unique benefits:

1. Enhanced Security by storing your private key offline: The limit of exporting private keys to the internet-connected devices ensures that your digital assets remain protected even if your phone or other device is lost or stolen. As the p(x)Card is required to authorize the transactions, you can confidently go about your daily activities without worrying about unauthorized online access to your digital assets.
2. Store in a physical location you are comfortable with: With the private keys secured within the p(x)Card, users are encouraged to keep their cards in a safe location, such as at home, your physical wallet or a trusted place that you are familiar with. This practice reduces the risk of losing the private key unintentionally, ensuring the long-term safety of your assets.
3. Use it for micro-payments: By offering the option to top-up the cards, users can maintain a limited balance on the card for everyday use without exposing their entire digital asset portfolio. This feature adds an extra layer of protection and minimizes potential losses in case of theft or loss.
4. Trust and Transparency: Since the p(x)Card developers do not have access to users’ private keys, customers can have the control of protecting their own privacy and security. This trust is essential for fostering a positive user experience and promoting widespread adoption.
5. Simplicity and Ease of Use: Simplicity and Ease of Use: The p(x)Card itself is the private key. This streamlines the user experience. This simplicity helps reduce the learning curve for new users and lowers the likelihood of mistakes that could compromise their assets.

“The p(x)Card is a significant milestone in our mission to make decentralized technology accessible to everyone,” said David Ben Kay, President of Function X Foundation. “We believe that this product will help to drive the adoption of web3 technology and bring us one step closer to a future where digital currencies and NFTs are used easily and securely integrated into people’s daily lives.”

You can check more information about p(x)Card or request customization at https://pxcard.io/home.

– About Function X Foundation

Function X Foundation is a non-profit, independent organization that supports the growth of the Function X Ecosystem, a next-generation internet service framework, built entirely on and for the blockchain. It is a completely new ecosystem providing a novel service framework by improving the existing internet and blockchain architectures, combining the benefits of both, and using the most commonly used technical solutions. The Foundation has been set up to manage the usage of the Ecosystem Genesis Fund, which aims to motivate, encourage and facilitate service providers to join and get rooted into the Function X Ecosystem.

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