Pundi X’s XWallet Surpasses 100,000 Registered Users

Blockchain developer Pundi X announced on Tuesday its digital asset wallet mobile app, XWallet, has surpassed 100,000 registered users just three months after it was launched. According to Pundi X, the XWallet mobile app connects regular digital asset wallets with the Pundi X blockchain-based payment ecosystem. It was revealed:

“Through the XWallet, one can easily manage digital assets stored in the physical XPASS cards, check current balances, top-up major digital currencies or conduct payment transactions instantly at physical stores. By default, the XWallet comes with a virtual XPASS card in the app for each of its registered user.”

Pundi X also reported that any Pundi XPASS cardholder is able to pair his or her card with the XWallet to have the flexibility to make payments directly from the app without the physical XPASS card. The other benefit of pairing the XPASS card with the XWallet is the ability to control and move the digital assets within the XPASS card virtually in the event the physical XPASS card goes missing or misplaced. While sharing more details about the app, Zac Cheah, Co-Founder and CEO of Pundi X, stated:

“In addition to XPASS card holders, there are now more people who are able to easily use crypto at physical stores via the XPOS, our blockchain-based Point-of-Sales smart device. 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.”

Cheah went on to add:

“It’s ultimately about versatility and security–transactions via an internet-connected XWallet app or the offline physical XPASS cards can be processed immediately. Merchants have the option to print out their QR code found in the “Collect” feature in the XWallet and use it in 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.”

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