Pundi X, a blockchain-based point-of-sale payment solution and DeFi platform developer (Decentral Finance), announced today that Chainlink Price Feeds, a decentralized oracle network that makes real-time asset prices accessible to smart people in the chain, contracts were successfully integrated.
Live today, Pundi X uses and supports the newly introduced Chainlink price feeds for PUNDIX / USD. in order to precisely distribute platform rewards that are denominated in the native PUNDIX token.
Securing the Pundi X ecosystem with Chainlink
Pundi X’s flagship product, XPOS, is a point-of-sale solution that allows customers to use their physical XPASS cards to conduct cryptocurrency transactions. The company’s mobile wallet, XWallet, supports 2FA and biometric security locks. This allows users to securely store their crypto.
As PUNDIX and FX holders will receive stake rewards for participating in the upcoming blockchain governance; It was crucial for the platform to have reliable price reference data in the chain in order to be able to calculate its value precisely and transparently.
“The Chainlink network greatly improves the functionality of our protocol by connecting our systems to high quality price reference data that is unrivaled in terms of market coverage, reliability and security. Our users can now transact on our platform knowing that they will receive fair value rewards for participating. “
– Zac Cheah, CEO and Co-Founder of Pundi X.