When introducing the concept of crytocurrency, we may share the same experience that people always asking two questions, that is, what can we buy using crytocurrency or how can we buy it.
This involves two important scenes which we use crytocurrency: paying and buying .However, it’s difficult for greenhorns to explain these two questions clearly.
We are still under exploration in terms of payment using crytocurrency. There is no completed structure in token’s application, therefore, technically, we can not buy things using all kinds of crytocurrency in the current time.
It's sure to be confusing for a newcomer to understand and put the conception, like purchasing, wallet, private keys, OTC and so on.
A system created to fix the two problems
1.Introduction to Pundi-X
Pundi-X attempts to establish the biggest and the most wide-spread selling system in crytocurrencies and meet the people needs in using wallets, cross-chain payment and credit information management.
The blue print of Pundi-X can be divided into three different parts with different function:
a. Pundi-X POS: A program that created to meet people’s need in paying , charging their crytocurrency account and purchasing goods using the tokens by installing POS equipment in small or medium whole-sale store. On doing this, a broad selling system of crytocurrency is being established.
b. Pundi-X Platform：A trading platform aims to connect all the other exchanges, and further guarantees exchange services, the efficiency of the process and the most suitable price.
c. Pundi-X credit information management system: a credit system based on the information collected from the payment and exchange process using crytocurrencies.
The whole structure is built upon the technical premium of Ethereum, it performs the three functions above through using Pundi-X Server and Pudi-X blockchain technology.
2.Pundi-X’s payment section
Pundi-X has a massive advantage compared with BTC ATM which is also a system of receiving and using the tokens, especially it establish a new barrier in the industry in terms of its density and coverage. While when it comes to blockchains that inclusively focused on payment services, such as Kcash,XRP, Pundi-X creatively provides a barrier-free chancel, making a more completed ecosystem.
Meanwhile, Pundi-X is well-compatible, users can use their wallets directly after connect to the blockchain of Pundi-X.
In the end, Pundi-X also uses its advantage in the system, quoting data from trade records and flow, to establish its own credit information management system, which can make customers become more loyal.
3.Where is Pundi-X going?
The team originated from the biggest team in the field of payment, which dominates the payment field and has a market share equaled to Alipay and Wechat combined.
The team now is negotiating the progress with the Indonesian government. Though the government still assumes crytocurrency as a product, but barter system also works in the local area. Therefore, there is no barrier set by the government, in crytocurrency charging, selling and using.
However, when taking future development into consideration, Pundi-X is still negotiating with the local banks, discussing some problems with the management of capital flow. It also rents the E-money license from local government and acquires the certification for launching the Internet finance business.
In the future, Pundi-X will start the plan from Indonesia, with its focus on Malaysia, Singapore, Thailand and countries in South-eastern Asia. Its ambition is, by 2020, more than 5 billion branches are established.
It seems that we have spend lot of time talking about the Pundi-X coin’s history and blue print in the future. But how about its potential? Is it worth investing? According to Citicoin.com, the trading volum in the past 24 hours is ¥246,310,170.000.