- The integration of the Tron (TRX) network and the Pundi X (PUNDIX) ecosystem is a strategic move that will open up the mainstream adoption of more crypto assets to mainstream users through the XPOS point of sale in different global enterprises.
- Following the announcement, PUNDIX price gained about 7.7 percent in the past 24 hours to trade around 52 cents on Wednesday during the mid-London session, while TRX price was up about 2 percent in the same period to exchange around $0.0977.
In a bid to ensure seamless mainstream adoption of multichain digital assets, TRON, a leading blockchain ecosystem with over $7.9 billion in total value locked and a stablecoins market capitalization of around $46 billion, has announced a strategic partnership with Pundi X (PUNDIX), a blockchain-based point-of-sale (POS) company with physical offices in Jakarta, Taipei, Tokyo, and Singapore.
According to the announcement, the TRON network and its ecosystem tokens including stablecoins will be available through Pundi X’s XPOS platform which has gained notable traction since the 2021 crypto bull season. After rebranding from NPXS, the Pundi X ecosystem has grown to a mature utility-based web3 ecosystem.
Closer Look at the Collaboration Between TRON and Pundi X
According to the announcement, TronLink Wallet users can now make purchases at any global outlet that supports XPOS seamlessly without friction and earn cash back through the PUNDIX token. The two entities have committed to the utmost security for the integration to ensure users’ transactions are executed with utmost security.
Moreover, the two entities have taken years to accumulate trust with their respective communities, which could be extremely challenging to regain if it was breached amid high competition in the web3 industry.
“Integrating with TRON is a monumental stride towards rendering cryptocurrency dealings to be more streamlined and user-centric. With the XPOS registering a 47 percent surge in USDT transactions on the TRON network this quarter, our alliance is in perfect sync with our vision of making blockchain technology mainstream for cryptocurrency transactions,” Zac Cheah, the Chief Executive Officer (CEO) and Co-Founder at Pundi X noted.
As for the Tron network, the integration means more real-world adoption for its ecosystem which has been bolstered by the leadership of Justin Sun. Furthermore, the Tron network has succeeded in developing scalable and multichain smart contracts through proof-of-stake consensus. Some of the notable DeFi projects on the Tron network include JustLend with over $5.78 billion in TVL, stUSDT, and JustStables.
“Our collaboration with Pundi X is a pivotal move in heightening the practicality and versatility of cryptocurrency usage. Integrating the TRON network with the capabilities of the XPOS device through TronLink wallet solidifies our collective vision of championing the digital payments industry,” Dave Uhryniak, Ecosystem Lead at TRON DAO, noted.
Market Picture
Following the announcement, PUNDIX price gained over 8 percent in the past 24 hours to trade around 53 cents on Wednesday. According to our market data, PUNDIX price has gained about 47 percent in the past four weeks and had an average 24-hour trading volume of about $46 million.
