This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release.
Jakarta, Indonesia – November 8, 2017 – Pundi X, a blockchain startup that aims to make cryptocurrencies an enabler of ubiquitous cashless payment environments across South East Asia, is pleased to announce several key appointments to strengthen its roster of angel investors and advisers including Professor David Lee Kuo Chen, a Stanford scholar and angel investor in OmiseGo and Kyber; Lon Wong, NEM Foundation founder and president; and Kenneth Oh, senior partner at law firm Dentons Rodyk and TenX advisor.
“We are very fortunate to have new active investors with experience in the development of some of the most successful blockchain ventures to date including NEM, OmiseGo, Kyber and TenX,” said Zac Cheah, CEO of Pundi X. “Having them on board is a testament to the potential for Pundi X to reach the goal of bringing cryptocurrencies and services to the next billion people across Asia and beyond.”
Professor David Lee is often credited as a driving force behind OmiseGo’s record ICO that sold out before it had even started. He is a visiting Fulbright Scholar (2015) at Stanford University and Professor for Fintech and Blockchain at SUSS. In addition to starting several companies, he is an active cryptocurrency and digital finance scholar, speaker, advisor and investor. Professor Lee’s previous investments include ZCash, Qtum, TenX, InfoCorp, Cybex, Netki, Bloq, HelloGold, Scry and Stack.
Lon Wong oversees the development and strategic growth of the NEM.io Foundation which was created for the promotion, adoption and support of NEM blockchain technology around the world. This open source technology utilizes advanced cryptography to execute transactions that can be used by both private and public enterprises. NEM’s native cryptocurrency, XEM, is ranked in the global top 10 by market cap, according to Coinmarketcap.com.
Kenneth Oh is a senior partner in the Dentons Rodyk and Davidson corporate legal practice in Singapore. He is also a partner in the firm’s China and Indonesia practices, advising companies such as TenX on business structure and on legal, contractual, tax, intellectual property, corporate finance and regulatory aspects of their cryptocurrency token sale.
Pundi X aims to solve the last mile challenge for access to reliable and trusted financial services for the next billion by enabling wide cryptocurrency adoption thanks to their POS smart device.
The Pundi X POS (Point of Sale) device enables anybody to buy, sell and use cryptocurrencies to pay for goods and services in retail stores as well as to access financial services, making them available to the large “unbanked” population in developing markets for the first time.
Pundi X will first deploy the POS device in Indonesia by building on the company’s existing Pundi-Pundi business model of cashless payment systems, which enables smartphone users to scan QR codes and makes instant payments in retail and restaurant outlets. Pundi-Pundi has already signed up more than 100,000 users and over 500 merchant partners in Jakarta in less than a year of operation.
About Pundi X
Pundi X is a blockchain startup that aims to make cryptocurrency an enabler of ubiquitous cashless payment environments across South East Asia and beyond. Pundi X POS enables shops, cafes and convenience stores to sell cryptocurrency to a broad cross section of consumers and builds on the success of Pundi-Pundi which is one of Indonesia’s most popular QR code cashless payment apps. The Pundi X ICO will provide funding for as many as 700,000 Pundi X POS devices to be installed over the next three years across all target markets.
For a detailed understanding of the platform and the team behind Pundi X, check out our website https://pundix.com