Pundi X is a point-of-sale (POS) solution powered by blockchain technology called XPOS. The aim of the network is to make crypto accessible. Cryptocurrencies rose to prominence because of the many advantages they offer over fiat currencies. The decentralized digital currencies can create a true borderless payment ecosystem that will mitigate a number of problems faced by countries – especially those who do not have sound and well-developed financial markets. The POS solution of the platform is already available in more than 30 markets around the world and Pundi X is consistently working towards expanding its scope.
Recent developments to watch out for
Pundi X has joined the Blockchain Association Singapore (BAS) which is essentially a collaboration between high-level figures and important stakeholders of the crypto market in order to facilitate the growth of the industry. The platform will now be collaborating with some of the most popular projects in the crypto industry through BAS which will surely open new avenues of growth and expansion. Some of the other firms to have joined BAS recently are Revolut, Visa, Phillip Capital, etc.
Moreover, Nuvei – a private banking company – has incorporated the integration of Pundi X in its roadmap for the current year. Nuvei aims on using the platform’s technology to enable crypto transactions. This is a testament to the value the project carries and to the pace at which it is being adopted globally. PUNDIX is also gaining popularity because of the rising global inflation – which is at its highest year-on-year growth since 1982 – as it offers a safe haven from the depreciation of the currency.
Price developments
Pundi X (PUNDIX) has been on a downtrend ever since the token migration was completed back in May 2021 and the new token was launched. However, good news may be underway soon as the token effectively reversed its strong downtrend and reached upwards with a bang. At the time of writing, the token stands at a price level of $1.07. The price has jumped upwards by nearly 25% during the day while the daily trading volume has surged by almost 400%. The bulls are expected to sustain for a while for the token and the uptrend of the crypto will take shape. Pundi X stands at a market rank of #187 currently.
According to the estimates of Digital Coin Price, the cryptocurrency is expected to cross $2 by 2025 – suggesting a strongly bullish future outlook.
