Pundi X, a growing crypto startup which has long prided itself in developing better solutions towards the ease-of-use of the blockchain technology in the real world, might be forking a new course as far as technology is concerned– with its new blockchain-powered smartphone, the Xphone.
The company revealed the new product at the presently holding XBlockchain summit in Bali.
“As common as A Bottled Water”
The company recently made waves for its instant solution encouraging micro payments using cryptocurrencies in Dubai, Nigeria, Indonesia and some South American countries. With physical offices in more than seven cities across the world, their best known products remain the NPXS cryptocurrency token, the XPASS card, and the recent XPOS point-of-sales devices for retail transactions, which is a crypto-based POS that has been designed to ensure a user enjoys the same and better privileges when using crypto micro-payment options.
Pundi X’s headliner vision is simple, yet concise, and encompasses a lot than it looks on the surface. “We want to make using cryptocurrency as easy as getting bottled water.”
The company has ease-of-use as its foremost goal in mind during development and production, as it reminded journalists and participants at the summit to give Xphone demo units a trial.
The Xphone uses an operating system built off Android 9.0 but based on the blockchain technology instead. The new operating system that was announced alongside XPhone is dubbed “Function X,” and has a lot of similarities with the ubiquitous Android OS, while also standing out with its unique features. Function X is poised to solve a number of issues plaguing blockchain platforms such as scalabilty, publishing of dApps, and decentralization of the internet. Since Fx was built off the back of Android, the blockchain OS has been designed to work with Android Apps as well, which is a welcome development to help potential users transition easily.
Even while eliminating the need for centralized carriers, Function X is capable of performing regular operations such as transmitting of data, making of calls, and sending messages, just as efficiently.
A new decentralized internet might be relevant to the real world, but it could take years before there is a significant adoption. Pitt Huang, Pundi X CTO, and co-founder noted this, citing the modern internet as an example. He explained:
“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.” Then adding effusively, he highlighted the big hit: “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 management team believes that XPhone and Function X could be ready to align the strengths of blockchain efficiently into everyday real-world application, has it begins its first steps towards adoption.