NEM lends support to Pundi X

Pundi X has the pleasure of receiving big support from NEM foundation.

NEM, Loyalcoin and Pundi X at NEM booth at Singapore Fintech Festival
NEM wallet on XPOS (test functionality)

Announcing on November 20th that the NEM blockchain had been test integrated into Pundi X point of sale app, payment card, and physical POS retail system, XEM denominations will be spent easily and instantly at any physical location which processes transactions via Pundi X.

XEM is the world’s tenth largest cryptocurrency, according to, with a market capitalization of US $1.6 billion. NEM’s technology is currently employed by a variety of financial institutions and industries.

KW Lee chief engineer of Nem with Pundi X team
Mr. Lon Wong (President of tweeted about the collaboration with Pundi X

NEM offers investors and real-world financial institutions something which no other digital currency asset does. This is because NEM blockchain applications can be built to provide immediately scalable Escrow payment, Paypal-like, and international monetary payment systems.

“By using NEM’s blockchain solution, we can confirm transactions instantly, which enables us to lower the exchange risk and provide a better user experience,” said Zac Cheah, CEO of Pundi X. “Moreover, Pundi X can now focus on rapid expansion to new markets thanks to our inclusion in the NEM network.”

“We are working to achieve mass adoption of the NEM protocol through sovereign fiat money issuance, financial settlements, payments, trade finance, stock markets, forex and other applications. The Pundi X business matches this goal because it makes cryptocurrencies more accessible for people to use in their daily lives,” commented Lon Wong, President of Foundation, who is also an early angel supporter in Pundi X.

Pundi X demo at Singapore FinTech Festival 2017 at the NEM booth with Stephen Chia ASEAN regional Head looking on (far left)
NEM Global Director Jason Lee with Pundi X
Pundi X demo with team LoyalCoin at NEM booth.

Pundi X look forward to partner with NEM for more future adventures.

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