The Pundi X writer’s team announced on their official Medium page that the XWallet app has already surpassed 100,000 users barely 3 months since the launch of the payment wallet app. The Pundi X wallet gives users the freedom to make payments at any accredited NPXS retail store and directly connect their XPASS cards virtually. The Singapore based cryptocurrency app has a large presence in the South East Asia region with half of the top ten countries with most downloads coming from the region.
Users with the XWallet app can easily manage their cryptocurrencies deposited on the physical cards. This is made possible through the direct connection between the app and your XPASS card. Furthermore, users can check their balances, deposit more cryptocurrencies and purchase using the wallet at retail stores. The XWallet comes with a virtual XPASS card in the app for each of its registered user.
In his address on the latest adoption milestone reached, the co-founder and CEO at Pundi X, Zac Cheah, felt proud of the achievement saying,
“Through a pure word of mouth effort, the rate of adoption for the XWallet after just three months of its official release is quite remarkable.”
The Pundi X XWallet app
The XWallet digital asset app is growing fast providing users with efficient payment systems using cryptocurrencies. The wallet supports the major cryptocurrencies on the platform including Bitcoin (BTC), Ethereum (ETH), Binance coin (BNB) and Pundi X (NPXS). With over 250 retail stores and verified XWallet retailers across 30 countries, users have a variety of point of sales to spend their cryptocurrencies.
The wallet not only offers reliability and efficiency but security and dynamism too. Through direct connection of the XWallet app to your XPASS card, the users are able to make payments directly from the app without the card. This offers users more control and security over their funds in the XPASS card in case it gets lost.
The versatility and increased security offered by the app allows an online connection and offline connection to your digital assets. Introducing the offline purchases without the XPASS card, Cheah said,
“Merchants have the option to print out their QR code found in the “Collect” feature in the XWallet and use it an offline setting without the need for an online connection. All the offline transactions can still be made by scanning the QR code, which will later be uploaded onto the blockchain.”
The top 10 countries with most XWallet users
The spread of the XWallet in barely three months to over 100,000 users is without doubt incredible. While Pundi X has a global community of users here are the top countries with the most users of the XWallet app:
- United States
The most active users of XWallet top ten countries are Indonesia, India, and United States, claiming the top three spots. Turkey, Bangladesh, Philippines, Russia, Korea, Spain and United Kingdom complete the list.
Pundi X future developments on XWallet
The digital assets payments solution is planning on more improvements on the app including a new SMS service. The service is set to roll out in Nigeria, Russia, Mexico, Turkey and Belarus where users can easily register a new account using their phone number. Users with verified phone numbers also have the ability to make withdrawals.
More tokens are also set to be added in the coming days as NPXS make more partnerships in the field.
The XWallet development team is also working on implementing two factor authentication on the app in a bid to improve security. The update is set to be released in the coming weeks but at the moment users use a one-time password sent through email or SMS.