What is the Bit2Big XPOS?
The Bit2Big XPOS powered by Pundi X is a world first point of sale (“POS”) device based solely on the blockchain, which has an operating capacity of 4,000 transactions per second. The XPOS is built to utilise this capacity for facilitating merchants to conduct Mosaic-based cryptocurrency payment or transactions. It also accepts transactions through mobile wallets and bank cards with the support of the local payment gateway. Our POS solution has the option to support retail intelligence, inventory management, order management, marketing and loyalty programs. Every Bit2Big X POS powered by Pundi is an all-in-one solution for retailers.
How many Bit2Big XPOS devices will you roll out?
Bit2Big XPOS powered by Pundi X are currently already in rollout. No limit on the numbers.
What is Bit2Big XPOS devices specifications?
The device employs MTK/Qualcomm solutions with Android-operating system on top of the blockchain. The device also has two slots which allow the merchants to accept EMV chip cards and traditional magnetic stripe cards to provide seamless integration for physical store retailers to migrate to a blockchain-based payment system. The device is further secured with tamper proof PTS technology.
What is the Bit2Big XPASS?
The Bit2Big XPASS powered by Pundi X is a multi-cryptocurrency card where people can buy, sell and trade cryptocurrencies with a swipe. You can also buy daily items with it. It stores multiple cryptocurrencies that run on the blockchain.
What will be Bit2Big XPOS future?
Pundi X gives the Mosaic tokens additional value by bringing them into people’s daily life. We aim to further develop and upgrade Bit2Big XPOS to allow merchants to easily accept Mosaic tokens. We will continue listing popular Mosaic tokens in Bit2Big XPOS and work with local Bit2Big teams to deploy the Bit2Big XPOS devices in the markets.
Why the Blockchain?
Cryptocurrency transactions at the point of sale terminal require higher speed as the customers have no patience to wait for more than 60 seconds to complete the transactions. The blockchain can process 4,000 transactions per second, which is why it has been chosen for use on the XPOS to facilitate faster transactions.