Home / Bitcoin Latest News / Crypto Firm Pundi X Introduces Blockchain-Powered XPhone

Crypto Firm Pundi X Introduces Blockchain-Powered XPhone

Crypto startup Pundi X as of late printed a brand new blockchain-powered smartphone known as the XPhone, on the ongoing XBlockchain Summit in Bali.

Function X and XPhone To Bring Blockchain to Everyday Life

Pundi X, highest recognized for his or her NPXS cryptocurrency token, XPASS card, and Pundi XPOS point-of-sales gadgets for retail transactions, has introduced a blockchain-powered smartphone known as the XPhone. The company made the announcement and invited newshounds and attendees alike to check out demo gadgets of the XPhone as of late on the XBlockchain Summit.

In addition to the XPhone, Pundi X additionally printed its first blockchain-based working device and “communication protocol for mobile devices,” known as Function X. Through Function X, customers could make calls, ship messages, and transmit information independently from centralize carriers like Verizon and Sprint. A press unencumber explains that customers can direction telephone calls and messages by way of blockchain nodes, getting rid of the will for a telephone quantity.

Pundi X calls Function X a “new transmission protocol for the blockchain age,” and hopes the “innovation significantly expands the use of blockchain technology beyond financial transfers.”

Function X is being touted as an “ecosystem” and with it brings a brand new transmission protocol and decentralized report garage device known as FXTP and IPFX respectively.

Pundi X CTO and co-founder Pitt Huang explains that it “took decades” ahead of the web ceaselessly modified on a regular basis human lifestyles, however hopes that the corporate’s new applied sciences make blockchain “usable” in on a regular basis existence and accelerate adoption.

“We see blockchain as being at a similar stage of development to the Internet in the early ‘90s; a new kind of network and decentralized protocol like Function X will be transformational to blockchain as the browser was to the Internet,” Huang added. “For a start, it’s putting blockchain in the hands of millions via a smartphone and returning control of their data back to them, but it also answers so many other challenges.”

Pundi X CEO and co-founder Zac Cheah believes that the XPhone and Function X may well be the remedy for scalability problems, and change into bridge that connects the imaginative and prescient for blockchain generation with real-world utilization and adoption.

“Function X is the answer. By offering people the choice to be independent of a centralized communications network we’ve created a new use for blockchain that can be appreciated and used by most people,” Cheah defined.

Additional main points on Function X will probably be printed on October 15th, and Pundi X has introduced a countdown timer at the FunctionX.io site. An professional release for the OS, transmission protocol, decentralized report device, and the XPhone itself are scheduled for Q1 2019.

The worth of Pundi X’s NPXS token surged over 10% in gentle of this information and up to date information that Pundi X will probably be powering Dubai’s government-approved cryptocurrency Emcash by way of its XPOS point-of-sales gadgets. Pundi X just lately trialed its XPASS and XPOS techniques at scale at Ultra Music Festival Taiwan. There, over 30,000 XPASS holders may use the cardboard for transactions at a variety of competition distributors.


Image from Medium

About mujtaba

Check Also

Scout24 weighs €5B sale to take it private: FT

–Scout24 is considering a sale worth over EUR5 billion that could see the German online-listings …

Leave a Reply

Your email address will not be published. Required fields are marked *