With all the hype around PundiX and what their new PoS device will bring to the masses, I thought it would be proactive to do a blog post and review on the device itself, since BlockHash is officially the 1st business in America to own one. Thanks to a recently formed partnership in Medellín, Colombia, I was able to purchase one despite them being sold out and in high demand. So let's jump into the details!
Device
The Pundi PoS is built similar to an Android Phone, with a full touchscreen display. The device has a built-in chip reader, magnetic stripe reader, and contactless reader that also works with the XPass. There is also a receipt printer on the front and a camera on the bottom to scan Public Key QR codes or take photos. The Pundi PoS has everything you need in one device to operate as a merchant in the digital age of blockchain.
XPass
One of the best perks of the Pundi PoS is the ability to work seemlessly with it's own sudo-debit card. You simply activate an XPass card, link it to your Pundi Wallet (an iphone/android app to hold your digital assets), and simply tap on the contactless reader of the PoS to spend. This makes spending crypto easy and efficient. There is also no delay between payment and receiving your product/service. Pundi locks in the price for a short period of time so that you can buy your coffee quickly and be on your way. This will be fantastic for commerce.
Software
The Pundi PoS software runs on Android, making it easy to update and become familiar with. This will also make it easy to continuously add new features to the device that will enhance to user experience. Other than making transactions, the device also allows customers to buy or sell their digital assets directly from the merchant, without having to use an exchange.
Pundi Revenue Model
Most people are unfamiliar with the Revenue Model and how it will affect the price of NPXS, so I'll attach it here for you to read at your leisure. The biggest take away, especially for investors in the NPXS token, is that Pundi has a plan to remove NPXS from circulation, based on their revenue from Pundi PoS sales. In essence, this means NPXS will become deflationary and should increase in price over time, making it a solid investment to consider for your portfolio.
Brandon Zemp
Owner/Founder