Monthly Report: A recap of activities in May 2020
In May, some countries have seen fewer COVID-19 cases and are planning to jump-start their economies which have shown promising signs of recovering business activities. A study by Edelman has revealed that the current pandemic had fueled trust in crypto, which many now believe to be a hedge on inflation. Read the report here.
To prepare for what’s ahead in these challenging times, the Pundi X team hasn’t stopped pushing ahead. Our focus remains on building and enhancing our services that are well-equipped to navigate the rapidly evolving landscape. As demonstrated in our updates below, we’ve delivered product improvements and established partnerships which will continue to push the blockchain industry forward and grow our digital innovation capabilities.
PRODUCT AND NPXS SUPPORT
New feature added in the XPOS merchant portal
Merchant portal is the backend system for XPOS merchants to manage all their crypto transactions from the XPOS. Our latest update has enabled XPOS merchants to have the option to transfer the transacted amount which they have collected from their ‘Cashier’ accounts to their “Crypto Sales” accounts. This allows merchants to skip the usual depositing process for “Crypto Sales” and have funds transferred into their account faster in order to sell crypto on the XPOS.
Further development from Crypto Bull beta testing
Cryptocurrency has been considered relatively volatile. We are looking into ways to help XWallet users to mitigate risks and manage their digital assets better with the “Crypto Bull” feature. The launch of the beta testing in mid-April has provided valuable feedback for the team to enhance the product further. The next beta test will extend to the “Crypto Bear” feature and we will announce it once it’s ready. Stay tuned for our updates!
ELLIPTIC supports NPXS
Crypto asset risk management solution provider Elliptic has launched support for NPXS in its compliance tools which has built more credibility in NPXS.
Tron Wallet added swap pairs for NPXS
On May 28, Tron Wallet announced the addition of five new swap pairs for NPXS. They are NPXS/BTC, NPXS/TRX, NPXS/ETH, NPXS, TWX, NPXS/USDT. You can read their official listing announcement here.
Simple Swap added NPXS
On May 19, Simple Swap exchange has announced its support for NPXS. It is a “free from sign up” platform that offers exchanges of more than 300 cryptocurrencies. To learn how the swap works, you can check out their video here.
MERCHANT ADOPTION
In May, despite the challenging climate for the physical retail space, we have continued to activate new XPOS merchants around the world. We like to share the below images sent by our newly onboarded merchants and let’s welcome them to the XPOS family!
Greece’s first physical shop to accept crypto
Ioannis, a Greek entrepreneur and cryptocurrencies analyst, announced that with the XPOS, his store has become the first-ever retail shop in Greece to accept and sell cryptocurrencies.
Once Upon Time, Cyprus
Now you can say yes to the dress and make your payments through blockchain! Based in Larnaka, Cyprus, the boutique bridal shop, Once Upon a Time has officially offered contactless payments powered by the XPOS for their brides-to-be.
Norway and the UAE
We are also grateful to have Pundi X community members, Tarestyles and Sherif, who have brought XPOS to Norway and UAE respectively to push for crypto adoption. Thank you for your support!
EVENTS AND COMMUNITIES
Crypto Gift drop on International Workers’ Day
On May 1, we hosted three Crypto Gift drop events in Pundi X Crypto Gift groups to celebrate International Workers’ Day.
Ask Me Anything (AMA) with Change Now
Invited by Change Now team, Andreas, our Community Manager, has taken some time to answer questions and share what Pundi X has been up to. In addition to the winners receiving the awards from the Change Now team, participants of the AMA also received crypto via Crypto Gift from Pundi X.
Bitcoin Pizza Day celebration
On Bitcoin Pizza Day, we did a small survey to discover the first item which crypto owners purchased with crypto. We’ve seen the answers ranging from food, consumer electronic goods to clothing. Now that crypto has more utility than ten years ago, we believe that the adoption will come sooner rather than later.
Introducing Pundi X Affiliate Program
Due to COVID-19, most of us are largely homebound. To have the opportunity to earn extra income, community members have asked whether we can offer the affiliate program for XPOS, XPASS cards and pre-orders for Blok On Blok phones. We have launched the Pundi X Affiliate program to allow our community members to get rewards on every successful sale sent our way.
Top 15 coins
Cryptocurrency research and social listening firm Lunar Crush listed NPXS as one of the top 15 coins on May 28. To get more interesting daily coin statistics, do check out the Lunar Crush official twitter account.
This is a wrap of the progress we have made in May. The impact of the pandemic has been life-changing for many of us. We are all here, staying strong and agile, ready to tackle any challenges and pushing ahead to build and offer better blockchain-based products and services. June will be an exciting month as the team has plans to release the Function X testnet which will open another chapter in our journey.
Stay tuned.
