- Tweets from PundiX labs show their XPOS being used in Brazil and Switzerland
- This comes just a few weeks after they initiated the removal of almost 10 million tokens
In a series of recent tweets, PundiX labs have announced increased adoption of its token and POS around the world.
In a January 28, 2019 tweet, the firm showed a picture of a merchant in Brazil.
New XPOS merchant in #Brazil ?? This newsstand near the Av Paulista region, now accepts and tops up #BTC #ETH #BNB #NPXS! https://t.co/ee4unctRTM
— Pundi X Labs (@PundiXLabs) January 28, 2019
The second tweet posted on January 28, 2019, shows that the Starlounge in Switzerland now makes use of the XPOS and activates XPasscards.
XPOS spotted in #Switzerland ?? https://t.co/zi3H81Z0af
— Pundi X Labs (@PundiXLabs) January 28, 2019
Both are examples of greater adoption that Xpundi Labs has seen in recent times which is not surprising given that they have put great effort into pushing both their native token as well as their XPOS.
Recent Adoption
The last few months have seen PundiX spread its wings far and wide in a bid to cover the greater territory.
Back in September 2019, Peko Wan, the Vice President of PundiXLabs, tweeted a video of one of its XPOSs being used in Singapore. The XPOS allows for payments to be made in BTC, ETH (ERC20), NPXS, XEM, QTUM (QRC20), ACT, XLM from users’ Mobile wallet or XPasscards.
This came one a few weeks after PundiX labs signed a deal with Manticora Capital which saw Over 1,000 XPOSs being deployed in Columbia and South America.
These efforts have certainly produced results and even back then, Zac Cheah, the CEO, and Co-founder of PundiX labs, stated that demand for crypto adoption was growing and that his firm was helping to meet the need.
“Demand for cryptocurrency has been surging in recent years, But there’s a reason to believe it could even be understated due to a lack of accessible options for consumer adoption; to be part of a solution that extends its rise even further is an exciting new frontier for Pundi X,” he said.
The use of cryptocurrency in daily life has certainly increased in recent times with merchants such as fast food restaurants and online stores now accepting it. It is believed that crypto will become as easily spent as a fiat currency in the future and PundiX seems to be capturing that market early.
Token Removal
PundiX labs recently initiated the removal of 5,7 billion NPXS and 4 billion NPXSXEM tokens from circulation which took place on the new PundiX ecosystem that enables 10 items faster speed and scalability for its users.
