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Home Cryptocurrency news

Crypto Firm Pundi X Introduces Blockchain-Powered XPhone

Tony Spilotro by Tony Spilotro
2 years ago
in Cryptocurrency news, Cryptocurrency Technology
Reading Time: 3min read
Pundi X
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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.

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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.

 

Image from Medium
Tags: blockchain phoneFunction Xpundi xsmartphoneXPASSXPhoneXPOS
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Tony Spilotro

Tony Spilotro

I'm Tony Spilotro. Behind the pseudonym, I'm a digital media executive and global remote work leader with a decade of content experience and excellent. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally – to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter and feel free to drop me a line if you would like to work together.

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