Monthly Report: a recap of activities in March 2019

Dear Pundians,

It’s just the first quarter of 2019, but we’ve been on a roll. From implementing a more rigorous KYC mechanism on our platforms, adding distribution partnerships in new countries, participating in key FinTech events to achieving 100,000 registered XWallet users, the Pundi X team continues its commitment to bring blockchain technology into people’s daily lives. Check out what we have been up to in March.

Pundi X doubles down on its compliance

One of this month’s highlights is a partnership among Pundi X with two KYC service providers, Refinitiv and Real ID. Pundi X’s XWallet has adopted Refinitiv’s World Check API which increases the quality of Pundi X’s Know-Your-Customer (KYC) mechanism. Real ID’s KYC cloud technology allows enhanced identity verification with artificial intelligence, machine learning and facial recognition techniques. The partnerships help create a more robust KYC process for XWallet, XPASS and XPOS to ensure better compliance.

XPOS and XPASS cards in new countries

Limestone Network to deploy 1,000 XPOS in Cambodia by 2021

Local businesses in Phnom Penh are taking a giant step forward with Pundi X technology. The Smart City blockchain infrastructure builder, Limestone Network, will be providing the technology layer on a massive 100-hectare mixed-use development project in Phnom Penh, Cambodia. Residents, citizens and tourists will soon be able to access multiple digital currency transactions through Pundi X’s ecosystem.

For an initial beta rollout, Limestone Network is deploying 10 XPOS devices with selected merchants and will ultimately build up to 1,000 XPOS units for the pilot launch of the city by 2021.

Bit2Big to deploy 5,000 XPASS cards across Uganda and Rwanda

KIPYA Bit2big has opened up the first over-the-counter trading (OTC) cryptocurrency exchange in Uganda. The company has partnered with Pundi X to bring XPOS to East and West African markets with an initial deployment of 5,000 co-branded XPASS cards for distribution.

HolaBlockchain presented Pundi X to business leaders in Barcelona

During the third week of March, Holablockchain, an XPOS distributor in Spain, presented the Pundi X solution in an event organized by the Barcelona Brazil-Catalonia Chamber of Commerce. Business leaders learned how easy it is to employ and transact with digital assets through Pundi X technology.

Money 20/20 Asia in Singapore

Vic Tham, Chief Investment Officer, Pundi X and concurrently the Chief Executive Officer of Quantum Energy Asset Management (QEAM) joined Money 20/20 Asia on March 21 as one of the speakers. The event looked at the nexus between financial services and payment and fintech communities and how it creates and shapes the future of payments and financial systems. Pundi X not only provided attendees with an experience of its XPOS for instant digital asset transactions, but also exhibited its other blockchain innovations like the XPhone and Function X.

Fintech Idea Festival in the US

Zac Cheah, Chief Executive Officer, Pundi X, joined the Fintech Idea Festival in San Francisco from March 27–28 and shared his insights on the topic of “An International View of the Future Market” at the CNBC Main Stage Panel. The Festival also tackled emerging topics in artificial intelligence, machine learning, privacy and data, customer blockchain, cybersecurity and the future of financial services. Key influencers from major banks and technology companies attended the Festival.

Blockchain CEO Breakfast with government officials in Indonesia

Organized by Asosiasi Blockchain Indonesia, a CEO breakfast meeting was held in Jakarta, Indonesia on March 20. In this event, Pundi X President, Constantin Papadimitriou, Indodax CEO Oscar Darmawan, and Hara Token CEO Regi Wahyu shared their views with regulators on the topic of understanding why Blockchain is called the next Internet and how it can be effectively used in business.

NPXS new listings

NPXS is now listed on Houbi, a leading digital asset financial service provider, trading pairs of NPXS/BTC and NPXS/ETH beginning March 26, 2019.

Another listing is on Cryptofacil Exchange. Powered by Bittrex Exchange, Cryptofacil has launched NPXS with BTC, ETH and USDT pairings. The exchange offers zero fees until April 30 by using the code 0FEETRADES.

NPXS is supported in Samsung Galaxy S10 blockchain wallet

Samsung Galaxy S10 has introduced its Blockchain Wallet in selected markets. NPXS is one of the 16 default tokens to choose from in its wallet.

Product development

XWallet crosses 100,000 registered users mark

XWallet, the Pundi X digital asset payment app, has recently surpassed 100,000 registered users in just three months. The app serves as a bridge between regular digital asset wallets and the Pundi X blockchain-based payment ecosystem. Through the XWallet, one can also easily manage digital assets stored in physical XPASS cards, check current balances, top-up major cryptocurrencies or conduct crypto payment transaction instantly at physical stores.

More development and improvements are on the way, including 2FA, a new SMS delivery service and additional features. You can read the full details at https://medium.com/pundix/xwallet-crosses-100-000-registered-users-mark-a0ab3e186f0d

XPOS Certification: in progress

XPOS is in the final stages of completing the process with the US Federal Communication Commission (FCC) for wireless device requirements and the European Union CE wireless device certification. These certifications ensure that the XPOS is safe for distributors and merchants, and for mass adoption. We will be able to commence broader shipping once the certifications are completed.

XBounty program: in progress

To better ensure we continuously deliver a secure and stable platform, we will be reaching out to seasoned security professionals familiar with the latest exploits to help improve our products. To do this, the team is developing the XBounty program to reward individuals for finding critical security issues with our software. Details will be released in the coming weeks.

Staking NPXS / NPXSXEM for FX tokens has started

In the second half of 2019, we will start the Function X — f(x) — testnet. The native token for the f(x) blockchain is FX. The majority of the f(x) tokens from the token generation event (TGE) will be allocated to holders of NPXS and NPXSXEM. Qualified holders can get FX tokens through staking from the TGE pool. We started the staking process in March and it will last 12 months. The 45% of TGE allocated for conversion will begin on April 16.

AMA with Zac to talk about quarterly progress in Q1 2019

On April 12, Zac, CEO and Co-Founder of Pundi X, will host a video session to talk about the progress made in Q1 2019 and the outlook for Q2 2019. In this session, Zac will also announce details of the Q1 token removal. In addition, the team will collect questions from interested parties through Telegram, Twitter, Facebook, and Reddit for Zac to address during the AMA.

Onward!