Pundi X (NPXS) sets for testnet launch gains 102%

Written by: Ali Raza
February 12, 2021
  • The price increase has been attributed to improving fundamentals and the upcoming testnet.
  • The Pundi X platform will work with Ethereum EVM and will offer the fastest and cheapest transaction cost.
  • The platform uses contactless payment cards and POS terminals to increase digital asset adoption.

It’s no news that borderless digital currency payment platform Pundi X is about to launch its testnet. However, the company’s token NPXS is making all the headlines as it surged by 102% within few days.

It may seem that the current bull run is triggered by crypto market sentiment, but some observers think improving fundamentals and its upcoming testnet could be the main reason.

The platform will be compatible with Ethereum EVM

Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.

The Pundi X team stated that tested 3.0 will be compatible with Ethereum EVM. It will offer the cheapest transaction cost at 1 cent for those who want to invest in cryptocurrencies and other digital assets. Besides, the confirmation time will be only 5 seconds, making it one of the fastest as well.

Additionally, it will offer support for automated market-making (AMIM) as well as staking. On December 8, Pundi X announced that it has integrated GBP and EUR fiat through a partnership with U.K-based firm Ramp. The partnership allowed users to buy DAI stablecoins via Apple Pay, debit cards, and bank transfers.

Tip: looking for an app to invest wisely? Trade safely by signing-up with our preferred choice, eToro: visit & create account

Improvement on streamlined mobile payments

Pundi X platform tries to increase the number of people that trade Bitcoin (BTC) by using a contactless payment card and Point-of-Sale (POS) terminals. The platform focuses on physical stores retail payment using an open-source system.

The platform also wants to improve on streamlined mobile payments to make it easier for users to make mobile transfers.

The project also uses a password-based system to deal with private and public keys. Additionally, with the company’s smart cards, users do not need a smartphone to make use of the NIPXS token.

Also, to encourage adoption, Pundi X offers POS terminal services to retail environments at no extra costs.

After the testnet, the platform hopes to bypass Mastercard and Visa card services, allowing users to receive their payments in fit currencies.

With this development, it will be possible for users to buy or sell crypto assets using a mobile wallet or point-of-sale.