Pundi X, an open platform supporting blockchain developers, announced that it intends to release a new service called Open Platform.
The platform will enable developers and companies to list digital tokens using XPASS, XPOS, and XWallet. It will also enable them to create custom XPASS cards in the same ecosystem.
Zac Cheah, the platform’s CEO, stated in a press release:
“Opening our platform will enable blockchain developers and businesses to create more use cases for their digital assets. There will be a review process to list the digital assets. Once approval is provided after the review, digital tokens will be listed on the XPOS and XWallet. These newly listed digital tokens can be purchased and stored on the XPASS as well as being utilized for in-store payment transactions,” Cheah added.
“The XPASS card as we all know, can be considered a physical crypto wallet which allow any customer to top up and use their digital assets easily. With just a tap to complete a transaction, the XPASS offers a simple and yet elegant way for customers to purchase goods and services from any stores where our XPOS devices have already been deployed,” said Zac Cheah, Co-founder and Chief Executive Officer of Pundi X.
Pundi’x first product was XPOS, which functions as a wireless point of sale that is powered on the blockchain. The technology gives merchants and consumers the opportunity to purchase, sell, and transaction digital assets in physical stores.
As for the XWallet mobile app, it connects the digital asset wallets and Pundy X payment system. The wallet enables users to manage digital assets, review their balance and more.
Developers and companies are expected to be able to register and upload their ERC20 digital assets by June 2019. If users submit a custom token to the Open Platform, it will need to be reviewed and evaluated by the platform’s compliance team. When approved, users can view their digital tokens on the Pundi X payment system.
Cheah added in the press release:
“With the Open Platform, our XPASS offers the versatility to any companies, organizations and developers looking to white label a digital payment solution (powered by blockchain) that is fast, easy and secure. Pundi X hopes to start serving more blockchain teams this year and help enable them to increase the utilization of their own cryptocurrencies in the physical retail venues and stores.
The Open Platform will form a strategic part of Pundi X. The team will support custom listing of ERC20 digital tokens. We also have plans to integrate other major public chains so that more tokens can be added to our ecosystem.”