PaymentPress Release

Pundi X Offers Free POS Device to Early ICO Investors, Appoints Board Advisors

Buying and selling cryptocurrency has never been easier, with the innovative ICO from Pundi X now delivering the market’s first POS device free to early investors who contribute more than 30 ETH or 1.5 BTC from a single bitcoin or Ethereum address.

From now until December 20, throughout the remainder of the ICO (including pre-sales and crowd sales), qualified investors will receive a Pundi X POS device which can be installed in retail outlets enabling consumers to quickly and easily buy or sell BTC, ETH, LTC, PXS and other cryptocurrency using fiat money (Dollars, Rupiah, Baht etc), bank card, mobile wallet or Pundi X Pass. The purchased cryptocurrency can be stored in a digital wallet or used to make cashless payments to top up phones, pay utility bills or buy goods, subject to local regulations in each market. The POS devices delivered under this offer will be shipped within 45 days after completion of the ICO process.

With just two days remaining in the pre-ICO period during which investors will be rewarded with a significant bonus of 30% extra tokens, Pundi X is fast approaching its initial cap of 14,000 ETH with a total ICO hard cap of 280,000 ETH.

“We have seen a tremendous swelling of enthusiasm among investors in Indonesia and much of Asia and our pre-ICO has developed a powerful momentum of its own.” said Zac Cheah, CEO of Pundi X. “Now is the time to reward those early investors and give them the chance to operate their own POS device in store so that local consumers can start to purchase cryptocurrency, or cost-effectively conduct financial transactions in retail outlets, without the obligation to pay high banking fees.”

Pundi X POS is the world’s smallest cryptocurrency device and is designed to sit conveniently on a retail counter in order to distribute cryptocurrency and enable consumers to conduct financial transactions.

A multi-function device that is connected directly to the blockchain so that each transaction is recorded, Pundi X POS serves as the bridge that connects the real world and the crypto world. It also supports the delivery of financial services to the large numbers of ‘unbanked‘ citizens living across South East Asia.

“Pundi X POS solves the last mile challenge for cryptocurrency purchases and sales. We created an easy offline solution to make cryptocurrency accessible to everyone,” said Zac Cheah, CEO of Pundi X. “For those who are interested in cryptocurrency transaction or want to facilitate cashless transactions, this is the perfect time to get the Pundi X POS device.”

For non-ICO investors, the company plans to start the first phase of a POS device pilot roll out in selected cities, including Jakarta, Bali, Seoul, Singapore and Hong Kong. Pundi X will select applicants who own physical stores – cafes, restaurants, co-working spaces or convenience stores – in order to expand the offline sales network. This roll-out will start in early November and devices will be shipped to the applicant in the same month.

To see how transactions work on the Pundi X POS device, please go to:

Pundi X also recently confirmed a series of key appointments to the company’s board, including Miko Matsumura, Limited Partner for Pantera Capital and founder of the Evercoin cryptocurrency exchange platform; David Ben Kay, former member of the governing board of the Ethereum Foundation; Manan Mehta, CEO at Infinite Assets and Venture Partner at SEEDCHANGE; and Michael Kapilkov, Altzcoin co-founder and Partner in tech incubator, Datrixo.

The new advisers will provide expert consultation during the current Pundi X ICO (Initial Coin Offering) and support expansion plans across regional and worldwide markets.

“Our new team members bring an incomparable blend of knowledge and experience in the blockchain industry and this will play a major role in sustaining our growth curve as we navigate the dynamic ICO marketplace,” said Zac Cheah, CEO of Pundi X. “I can’t wait to work with them all in order to help a much wider audience obtain easy access to cryptocurrency.”

In addition to founding Evercoin, Miko Matsumura is a Limited Partner (LP) with the Pantera Capital ICO Fund, LP with Focus Ventures, and also advises cryptocurrency startups like WiFiCoin, Guardian Circle and Hub. David Ben Kay, has held senior positions with Microsoft China, as well as overseeing the development of Ethereum during its important growth phase in 2016.

About Pundi X
Pundi X is a blockchain startup that aims to make cryptocurrency an enabler of ubiquitous cashless payment environments across South East Asia and beyond. Pundi X POS enables shops, cafes and convenience stores to sell cryptocurrency to a broad cross section of general consumers and builds on the success of Pundi-Pundi which is one of Indonesia’s most popular QR code cashless payment apps. The launch of Pundi X POS is a stepping stone towards an ICO in late 2017 that will provide funding for as many as 700,000 Pundi X POS devices to be installed over the next three years across all target markets.

For a detailed understanding of the platform and who we are, check out our website

You can also find us on the following social media channels:
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Writes for Asia Tech Media Limited's publications, and Experienced blogger and freelance IT/business writer for Chinese and English magazines and newspapers. Studied journalism at Indiana University Bloomington.
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