- PundiX XPOS used in Norway to buy NPXS tokens
- PundiX team recently burned 9.7 billion tokens
- 2019 looks to be a defining year for the blockchain-based project
According to a Tweet by PundiX Official Account, posted on January 9, 2019, the company’s flagship XPOS device has entered the Norwegian territories. In a Youtube video embedded in the Tweet, a user can be seen making crypto purchase using PundiX’s XPOS in Norway.
— Pundi X Official Account (@PundiXLabs) January 8, 2019
PundiX Enters Norway
PundiX had a busy 2018, and it seems the community wants to carry that momentum into 2019.
In a video uploaded on Youtube, on January 8, 2019, viewers can see the first PundiX XPOS in Norway which is being used to purchase the project’s native cryptocurrency, NPXS.
The user buys about 50,000 NPXS tokens in under a minute. At the end of the transaction, the user also receives a physical receipt which confirms the crypto purchase. The video can be viewed here.
Speaking of 2019, PundiX has had a head start into the year. On January 4, 2019, BlockchainReporter informed that PundiX has removed close to 9.7 billion tokens from their overall supply. These included 5.7 billion NPXS, and 4 billion NPXSXEM tokens.
The token burn was conducted in a bid to reduce the supply of tokens in the market and boost their market value. This is in accordance with the project’s whitepaper.
The distributed ledger technology-based project aims to propel cryptocurrency adoption among merchants the world over, and the team at the helm is leaving no stones unturned to ensure that.
As previously reported by BlockchainReporter, on October 8, 2019, Dubai partnered with PundiX to become the first city in the world to offer cryptocurrency payments to residents.
The move was lauded by many crypto proponents the world over, as it facilitated PundiX customers to pay for utilities, in-store payments, and telecommunication and school fees using digital currencies.
The announcement said the initiative is a partnership between blockchain payment provider PundiX, Ebooc Fintech & Loyalty Labs LLC (PundiX’s exclusive partner in the Middle East & priority partner in Africa) and emcredit – Dubai’s Credit Bureau.
In another development earlier in the year, the PundiX community introduced a Bitcoin Point of Sale (POS) terminal in a Nigerian shop on October 1, 2018.
In a “first in Africa,” a Nigerian company that imports and distributes agricultural products installed a Point of Sale (POS) system that allows purchasing in cryptocurrencies like Bitcoin.
With the pace at which PundiX team crosses off the targets from its roadmap, 2019 could prove to be a critical year for the emerging blockchain project.