Pundi X (NPXS) Announces XWallet App Already has Over 100,000 Registered Users in 3 Months

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:

  • Indonesia
  • India
  • Bangladesh
  • United States
  • Turkey
  • Russia
  • Korea
  • Philippines
  • Brazil
  • Pakistan

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.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,472FansLike
2,795FollowersFollow
4,195FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Bitcoin to Follow the Equities Market Up or Down? One-Month Correlation Spikes to an All-Time High

Yet another week of weak price movement. The world’s leading digital asset is trading at $9,072, in red with 24 hours ‘real’ volume of just...

Public Mint Launches Its Blockchain; Over 200 Banks Plan to Support Its Digital Money

vPublic Mint, a firm founded by CNET founder Halsey Minor, has announced the launching of its ‘fiat-native’ public blockchain, which enables anyone to easily...

BTC Halving Week Brings in Record Monthly New Accounts & Doubles the Revenue for BlockFi

The past two months have been incredibly dull for the price of bitcoin, but it didn’t affect the businesses in the cryptocurrency space. The...

Currencycloud Partners with Ripple to Leverage RippleNet for Efficient Cross-Border Payments

Currencycloud - one of the global payment processing giants - has become the latest member of the RippleNet family and would help ripple in...

Coinbase Custody and IOHK Partner to Provide Institutional-Grade Staking For Cardano's ADA in Q4

IOHK, the lead developer of Cardano blockchain, and Coinbase Custody, the institutional-grade custodian launched by Coinbase Inc., announced a partnership to allow users to...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today