Crypto Firm Pundi X Introduces Blockchain-Powered XPhone

Tony "The Bull" Severino

6 years ago

3 mins read

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Crypto startup Pundi X today revealed a new blockchain-powered smartphone called the XPhone, at the ongoing XBlockchain Summit in Bali.

Function X and XPhone To Bring Blockchain to Everyday Life

Pundi X, best known for their NPXS cryptocurrency token, XPASS card, and Pundi XPOS point-of-sales devices for retail transactions, has announced a blockchain-powered smartphone called the XPhone. The firm made the announcement and invited journalists and attendees alike to test out demo units of the XPhone today at the XBlockchain Summit.

In addition to the XPhone, Pundi X also revealed its first blockchain-based operating system and “communication protocol for mobile devices,” called Function X. Through Function X, users can make calls, send messages, and transmit data independently from centralize carriers like Verizon and Sprint. A press release explains that users can route phone calls and messages via blockchain nodes, eliminating the need for a phone number.

Pundi X calls Function X a “new transmission protocol for the blockchain age,” and hopes the “innovation significantly expands the use of blockchain technology beyond financial transfers.”

Function X is being touted as an “ecosystem” and with it brings a new transmission protocol and decentralized file storage system called FXTP and IPFX respectively.

Pundi X CTO and co-founder Pitt Huang explains that it “took decades” before the internet forever changed everyday human existence, but hopes that the company’s new technologies make blockchain “usable” in everyday life and speed up adoption.

“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,” Huang added. “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 CEO and co-founder Zac Cheah believes that the XPhone and Function X could be the solve for scalability issues, and become bridge that connects the vision for blockchain technology with real-world usage and adoption.

“Function X is the answer. By offering people the choice to be independent of a centralized communications network we’ve created a new use for blockchain that can be appreciated and used by most people,” Cheah explained.

Additional details on Function X will be revealed on October 15th, and Pundi X has launched a countdown timer on the FunctionX.io website. An official launch for the OS, transmission protocol, decentralized file system, and the XPhone itself are scheduled for Q1 2019.

The price of Pundi X’s NPXS token surged over 10% in light of this news and recent news that Pundi X will be powering Dubai’s government-approved cryptocurrency Emcash via its XPOS point-of-sales devices. Pundi X recently trialed its XPASS and XPOS systems at scale at Ultra Music Festival Taiwan. There, over 30,000 XPASS holders could use the card for transactions at a number of festival vendors.

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Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.