Monthly report: a recap of activities in July 2023
As we reflect on the dynamic landscape of the cryptocurrency industry in the month of July 2023, it becomes evident that Pundi X has continued to working relentlessly in technology improvements, resource consolidation, collaboration, and community engagement. With an unwavering commitment to pushing the boundaries of what’s possible, this month’s report encapsulates a series of strategic expansions, and impactful initiatives that have further solidified our position as a trailblazer in the realm of cryptocurrency solutions. From the launch of revamped portals and the expansion of physical cryptocurrency exchange business model to community-driven events, July has been a month of interesting progress and boundless potential for Pundi X.
Product Development
Revamped merchant and distributor portals are finally here
The upgrade in July officially covers the XPOS device, Merchant Portal, and Distributor Portal. Notable improvements revamped user interfaces for the Merchant Portal with mobile compatibility, and expanded capabilities for the Distributor Portal, including transaction data statistics and advanced controls. These upgrades signify the commitment to empowering distributors and merchants with streamlined operations, greater control, and flexibility within the XPOS ecosystem.
Embracing Web3: XWallet decommissioning and self-custodial wallet support
The rise of self-custodial solutions in the cryptocurrency and DeFi space is evident, as users seek autonomy over their funds. This trend extends to XPOS transactions, where over 95% of recent transactions involve third-party wallets, particularly self-custodial ones like f(x)Wallet. As part of its evolving ecosystem and the demand for DeFi and self-custodial services, Pundi X plans to retire XWallet and focus on supporting web3 products. The move aligns with the growing emphasis on decentralized finance, and Pundi X aims to facilitate transparent transactions between its ecosystem and other blockchain networks, promoting broader financial inclusivity. While XWallet’s functionalities are limited, Pundi X is enhancing its offerings, including on-chain support on XPOS, to foster a more versatile and decentralized experience. To cater to users’ control over their assets, Pundi X is sunsetting XWallet by December 31, 2023, and encouraging users to transition to non-custodial solutions.
XPOS supports p(x)Card transactions
An additional tech advancement involves the integration of the p(x)Card hardware wallet with XPOS. The initial batch of 500 Genesis p(x)Cards has been successfully distributed to pre-sale customers and our esteemed distributors in Turkey and South Africa. Expect more exciting additions to be unveiled soon, including a diverse range of customized p(x)Cards slated for production in the upcoming months.
The transaction process utilizing the p(x)Card on XPOS is designed to be exceptionally straightforward, catering to individuals new to the world of cryptocurrencies.
Featured XPOS merchants and partnerships
New Pundi X physical cryptocurrency exchange) opened in Türkiye’s Antalya muratpaşa district
Pundi X continued to establish itself as a leader in the cryptocurrency exchange space with the opening of a new physical cryptocurrency exchange in Türkiye’s Antalya muratpaşa district. This marks a significant step forward in bringing secure and convenient cryptocurrency trading to a wider audience.
Innocence Music Experience in South Africa
Pundi X extended its reach to South Africa by partnering with Innocence Music Experience, contributing to the growing adoption of cryptocurrencies in the region.
Pundi X expanded OVO’s (Pundi X Türkiye) master franchise jurisdictions to Middle East and Central Asia regions.
Pundi X Türkiye’s master franchise jurisdiction was expanded to cover the Middle East and Central Asia regions, strengthening our presence and influence in these emerging markets.
Community and Events
Pundi X co-hosted ATOM Singapore and Malaysia meetups
Pundi X co-hosted both ATOM Singapore and ATOM Kuala Lumpur meetups, fostering networking opportunities and knowledge sharing within the cryptocurrency community.
Pundi X went to the reception hosted in the Turkish Embassy in Singapore
Pundi X team was invited to join the “Türkiye: Your Resilient Investment Partner” reception in Singapore, highlighting the strong partnerships and collaborations between Pundi X and the Türkiye market.
“It’s the SATS Day”: Bitcoin giveaways campaign on Saturdays
Time to accumulate your SATS! Our Bitcoin giveaways campaign kicked off on Saturdays gained traction, engaging the community and providing opportunities for new crypto enthusiasts to get involved.
Pundi X Japan participated in Offchain Tokyo
XPOS appears in Hong Kong Metro Radio Station
XPOS and p(x)Card took the spotlight on Hong Kong Metro Radio Station! Special credit goes to Gemmy Crypto for their informative session on crypto adoption and the utilization of XPOS devices and Function X-powered hardware wallet cards for seamless cryptocurrency transactions.
Q2 2023 progress report
A comprehensive progress report was released, showcasing the company’s advancements and achievements throughout the second quarter.
Here is the recap of the report.
Watch it on YouTube
The Q2 token removal was also executed.
838M $PURSE reward for holders to claim
A staggering 838 million $PURSE rewards were made available for holders to claim, incentivizing active participation and loyalty within the Pundi X ecosystem.
PURSE redemption campaign
Celebrating the 2nd anniversary of Function X Blockchain, the PURSE redemption campaign was launched. Over 5,000 entries were received, and 5 winners were selected to redeem $40 worth of p(x)Card, the hardware wallet card empowered by Function X with PURSE integration.
AMA with Biconomy Turkey
Pundi X Turkey recently engaged in an insightful Ask Me Anything (AMA) session in collaboration with Biconomy Turkey. This dynamic interaction provided an invaluable platform for the Pundi X community and crypto enthusiasts to engage directly with experts from both Pundi X and Biconomy.
Gemmy Crypto interviewed Pundi X
Pundi X’s insights and perspectives were shared through an interview with Gemmy Crypto during her first visit to Taipei. Check out all videos that she made and learn about Pundi X from her perspective.
What is Pundi X
Her step-by-step tutorial on how to activate XPOS merchant account
As we conclude this month’s report, the trail of progress and innovation blazed by Pundi X in July 2023 is a testament to our unwavering dedication to pushing the boundaries of possibility. The progress highlighted here, from the successful launch of revamped back-end portals and the opening of a new cryptocurrency exchange to community-driven events and strategic partnerships, underscore our commitment to driving cryptocurrency adoption and facilitating seamless transactions. With each activity, we reaffirm our position as pioneers in the cryptocurrency landscape, poised to embrace the challenges and opportunities that lie ahead. As we move forward, the spirit of collaboration, innovation, and empowerment will continue to guide our journey.
See you next month!
