Singaporean crypto exchange Dinngo confirmed on Friday that retail focused cryptocurrency Pundi X will be available on the platform from Monday, 13th May. The announcement came via a tweet, in which the exchange shared a link to a post on its official website.
Dinngo is considered to be among the best crypto exchanges in Asia. Last month, the exchange was featured in a Taiwanese daily, China Times, as a world-class cryptocurrency exchange. The official statement said,
The listing will support NPXS/ETH trading pairing and allow deposit and withdrawal. More cryptocurrencies and trading pairs are coming soon.
Pundi X Labs is a South Korean blockchain ecosystem, focused at enabling crypto holders to use their tokens at physical retail stores, via its native token Pundi X (NPXS). The platform aims at building a strong infrastructure for mass adoption of cryptocurrencies in day-to-day usage. Pundi X ecosystem allows shops, cafes and convenience stores to provide crypto payment option for the average consumer.
Asia has been among the most active crypto markets of late. The continent houses some of the biggest names in the crypto world, and Dinngo and Pundi X are two of those. Muneeb Ali, the famous crypto analyst recently tweeted that Asians are much more receptive towards cutting edge technology like blockchain and crypto than any other region. He also stated that East Asia is the most important market for the crypto industry, a region which Pundi X Labs belongs to.
After 10 days in East Asia, main lesson: it’s the most imp market for crypto.
— Muneeb Ali (@muneeb) May 6, 2019
The retail sector is all set to witness a major crypto boom, especially in North America, Europe and Asia. Major point-of-sale payments service providers like Apple Pay, Samsung Pay, VISA, etc. are including cryptocurrencies on to their platforms, which will certainly push crypto adoption.
In such a scenario, crypto projects focused particularly on retail adoption like NPXS will have an apparent edge over others. Inclusion of the NPXS token on the exchange has more benefits than mere crypto trading. Dinngo is also a cold wallet, which allows users to store eligible tokens offline, which provides additional security from hackers on the internet.
Tokens like NPXS which are more liquid than others due to their acceptance at retail stores are highly vulnerable to hacks as hackers can spend them easily. Storing them in cold wallets, like Dinngo, ensures safety in the long run.