Blockchain
XWallet crosses 100,000 registered users
Pundi X (), the leading blockchain developer providing easy crypto payment service for mainstream consumers, announced that its digital asset wallet app- XWallet has recently surpassed 100,000 registered users. This is just three months after it was made available for users to connect their regular digital asset wallets to the Pundi X blockchain-based payment ecosystem.
“In addition to XPASS card holders, there are now more people who are able to easily use crypto at physical stores via the XPOS, our blockchain-based Point-of-Sales smart device,” said Zac Cheah, Co-founder and Chief Executive Officer, Pundi X. “Through a pure word of mouth effort, the rate of adoption for the XWallet after just three months of its official release is quite remarkable.”
Virtual is the new Versatile
The XWallet mobile app connects regular digital asset wallets with the Pundi X blockchain-based payment ecosystem. Through the XWallet, one can easily manage digital assets stored in the physical XPASS cards, check current balances, top-up major digital currencies or conduct payment transactions instantly at physical stores. By default, the XWallet comes with a virtual XPASS card in the app for each of its registered user.
Users can top up and pay with major digital currencies, including BTC, ETH, BNB and NPXS, whereby one can transact or purchase goods and services from physical stores, with the XPOS already activated in over 250 retail outlets and verified XWallet merchants across 30 countries in the world.
Any Pundi XPASS card holder is able to pair his or her card with the XWallet to have the flexibility to make payments directly from the app without the physical XPASS card. The other benefit of pairing the XPASS card with the XWallet is the ability to control and move the digital assets within the XPASS card virtually in the event the physical XPASS card goes missing or misplaced.
“It’s ultimately about versatility and security–transactions via an internet-connected XWallet app or the offline physical XPASS cards can be processed immediately. Merchants have the option to print out their QR code found in the “Collect” feature in the XWallet and use it in an offline setting without the need for an online connection. All the offline transactions can still be made by scanning the QR code, which will later be uploaded onto the blockchain,” added Cheah.
Top countries using XWallet app
These 100,000 XWallet users come from every corner of the world and not just limited to a specific country or region. The ten countries with the most XWallet users include India, Bangladesh and Pakistan in South Asia; Philippines and Indonesia in Southeast Asia; Korea in East Asia; Turkey in West Asia and Eastern Europe; Brazil in Latin America; the United States; and Russia.
The countries with the most active XWallet users almost mirror the “Top 10 most download countries” list with Indonesia, India, and the United States claiming the top three places. The Philippines and Brazil fall out of the “Top 10 most active XWallet users” list with Spain and the United Kingdom replacing them.
“The XWallet’s geographic footprint is truly global. We perceive the typical XWallet user to be a global citizen who wants to experience the latest innovations in blockchain technology and mobile crypto payment,” said Cheah.
SOURCE Pundi X
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Saakuru Leads the Gasless Blockchain Revolution, Disrupting the Industry
Saakuru has recently achieved significant milestones in its development, positioning itself as a leader in the gasless blockchain revolution that is reshaping the industry. Within just nine months of its launch, the consumer-centric L2 protocol has entered the top 5 brands in its niche and records over 1.44 million weekly users, according to data from DappRadar.
The project is gearing up for the official launch of its Saakuru token ($SKR) by the end of April, supported by a successful private funding round that raised $2.4 million. Saakuru Protocol stands as a pioneering advocate of gasless technology, aiming to accelerate the adoption of Web3 into the mainstream by enhancing the user experience and reducing costs for both developers and end users.
Unlike traditional blockchain networks, which often suffer from high gas fees and security issues, Saakuru Protocol leverages Oasys High-Speed Optimistic Rollups to create a public-permission, gas-less L2 blockchain. This innovative approach eliminates gas fees, improves user experience, and introduces new tokenomics models, enabling the development of versatile decentralized applications with higher security standards, cost-effectiveness, and ease of use.
The Saakuru token serves as a multi-purpose token within the protocol, providing utility and governance. Its advanced burning mechanism gradually reduces the token supply while potentially increasing its value. The token is integrated into all operational layers of the Saakuru protocol:
1. Developer Layer (Saakuru Labs): Provides products and services with proprietary business models, burning 10% of profits.
2. DeFi Layer (Taffy DEX): Utilizes Taffy DEX technology, where 0.005% of transaction fees are converted to SKR tokens and burned.
3. Governance Layer: Enables token holders to participate in protocol governance, with 5% of tokens used for governance initiating the review process being burned.
4. Protection Layer: In the event of triggering the protection mechanism, SKR tokens are burned, with 3% of saved tokens being burned.
Through these innovative features and layers, the Saakuru token and protocol aim to drive adoption, enhance functionality, and provide sustainable value for users and stakeholders alike in the evolving blockchain landscape.
Source: finance.yahoo.com
The post Saakuru Leads the Gasless Blockchain Revolution, Disrupting the Industry appeared first on HIPTHER Alerts.
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