### What is Pundi X?

Pundi X is a blockchain platform designed to commercialize the use of cryptocurrencies by offering an easy-to-use system for retail transactions. It incorporates a decentralized physical infrastructure network for cryptocurrency point-of-sale (POS) transactions. The platform is centred around its mobile contactless POS terminal known as XPOS, which enables retail merchants and consumers to conduct instant crypto transactions in-store.

### How does Pundi X work?

Pundi X functions primarily through its XPOS device, a contactless smart POS terminal that facilitates crypto-based payments. Users can conduct transactions using the XPASS smart card and the XWallet mobile application. Built on the Tendermint blockchain, Pundi X leverages a Proof of Stake consensus mechanism, which is efficient and cost-effective. The platform also uses smart contracts for various applications such as wallets, loyalty programs, and financial services, which require PUNDIX tokens.

### What are the potential use cases for Pundi X?

Pundi X offers several use cases including:

- Providing basic banking services to individuals in underdeveloped countries.
- Enabling instant crypto payments in retail stores.
- Simplifying crypto transactions for both merchants and consumers.
- Facilitating smart retail functionalities like inventory and order management, as well as loyalty programs.
- Supporting cross-chain payments and transfers, with integration into other blockchain networks like Ethereum and NEM.

### What is the history of Pundi X?

Pundi X was founded in 2017 by Zac Cheah and Pitt Huang with an aim to create a decentralized physical infrastructure for crypto POS transactions. Significant milestones include its global expansion, strategic partnerships with major tech companies like Samsung and BitPay, and continuous product development of solutions like XPOS, XWallet, and XPASS. In 2021, Pundi X underwent a redenomination, swapping NPXS tokens for PUNDIX as part of its compliance with regulatory standards and to avoid being classified as a security.

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