Pundi X using Chainlink to secure its crypto payment platform’s reward distributions

Pundi X, a blockchain-based point-of-sale payment solution and decentralized finance (DeFi) platform developer, today announced that it has successfully integrated Chainlink Price Feeds, a decentralized oracle network making real-time asset prices accessible on-chain for smart contracts.

Live today, Pundi X is using and supporting the newly launched Chainlink Price Feeds for PUNDIX/USD; to accurately distribute platform rewards denominated in the native PUNDIX token.

Securing the Pundi X Ecosystem with Chainlink

The Pundi X flagship product, XPOS, is a point-of-sale solution that allows customers to transact with cryptocurrency using their physical XPASS cards. The company’s mobile wallet, XWallet, supports 2FA and biometric security locks; so users can store their crypto securely.

Since PUNDIX and FX holders receive staking rewards for participating in upcoming blockchain governance; it was critical for the platform to have reliable price reference data on-chain to precisely and transparently calculate their value.

“The Chainlink Network significantly enhances the capabilities of our protocol by connecting our systems to high-quality price reference data that is unmatched in terms of its market coverage, reliability and security. Our users can now transact on our platform knowing that they’ll earn fair value rewards.”
– Zac Cheah, CEO and Co-Founder of Pundi X

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