Photo by Tim Foster on Unsplash

Dear Pundians,

This week has seen us reach an important milestone in the journey of Pundi X less than three months after we completed our public token sale on January 21.

As I write, Pundi X’s valuation by market capitalization has reached $200 million (USD), putting our token- NPXS inside the world’s top 100 cryptocurrencies on CoinMarketCap.

It’s good to see a rise in value but our core focus will remain on delivering real products to real businesses. I hope this is a motto we all believe in.

We are finding that the big idea behind our blockchain-based point of sale solution with XPOS devices and XPASS cards — to bring cryptocurrencies to real stores and the 99 per cent of consumers yet to adopt them — is being well received by a big market in global retail.

We have announced plans to ship 25,000 of these devices globally. To add to this, we have been holding very fruitful and yet-to-be-announced discussions with new partners, exchanges and regulators as we expand the company’s global presence to include offices and employees in south-east and East Asia, Latin America and Europe.

That is why we unveiled a vote of confidence in our project on April 16 by announcing a 2,000 Ethereum-equivalent buy-back of NPXS tokens.

We see a significant opportunity to use our new Partnership Reserve Fund to expand the reach of Pundi X by placing our hardware in shop fronts faster, to add to the company’s already-considerable expertise and to deepen our relationships with merchants with incentive programs.

We are grateful to have your continuous support. Stay tuned to see our exciting development.

Sincerely,

Zac Cheah

CEO and co-founder

Pundi X