What POSX does

POSX is a Web3-native payment and loyalty protocol that converts verified retail spending into token-based rewards. Founded in 2023 in New York City by John Carter (CEO), Sophie Moore (CTO), and Matt Cannon (CFO), the company operates as POSX Inc with 11-50 employees. It serves three primary segments: individual consumers who earn rewards on everyday purchases, merchants seeking cost-effective customer loyalty tools, and developers building Web3 commerce applications through the POSX API and SDK. The company claims 150,000+ users worldwide and reports 'Trusted by users worldwide' as its primary scale metric.

The core technology is the Proof of Spend™ protocol, a proprietary mechanism that ties token rewards exclusively to on-chain-verified real-world purchases rather than speculative activity. The platform runs on EVM-compatible blockchain infrastructure, supports stablecoin payments, and offers zero transaction fees to merchants on rewards. Distribution is multi-channel: a mobile app in development for consumers, a merchant network integrated via Omninal infrastructure for businesses, and API/SDK tooling for developers, with documentation hosted at docs.posx.io. The network officially launched in 2026 following a 2025 real-world pilot through a crypto-powered restaurant, and the company maintains a booth presence at major industry events including Consensus Miami 2026.

POSX's revenue model combines payment processing fees on merchant transactions, one-time proceeds from the $POSX token sale (priced at $0.10 per token with a 5 billion total supply on EVM), and a forthcoming subscription-style 'Node Mode' for network participation. Capital formation includes an angel round in 2023, a $2M funding round in May 2025, and an ongoing public token sale. Strategic partnerships include a 2023 strategic investment in NowPayments for European payment infrastructure and a 2026 ecosystem partnership with Omninal for merchant integration, alongside minor side-event partners Anubis, BenPay, and Infini. Revenue is not publicly disclosed, and POSX is privately held with no disclosed institutional ownership.

Name

POSX

Legal name

POSX Inc

Website

https://posx.io

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

11–50 employees

Short description

POSX is a Web3-native payment and loyalty protocol that converts verified retail purchases into token-based rewards via its Proof of Spend™ mechanism, serving consumers, merchants, and developers on EVM-compatible blockchain infrastructure.

Ownership category

akta.pro rank

Product category

Blockchain Payment Network

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

POS, QR & In-Person Acceptance Infrastructure (Crypto) (FSADAIAI)

akta.pro secondary industries

POS Payment Software & Middleware (Terminal OS, Apps, Device Management) (FSAMADAC), Integrated POS Payments (ISVs & Vertical POS Platforms) (FSAMADAD)

Keywords

• Blockchain payment network
• Crypto loyalty rewards
• Merchant payment processing
• Web3 commerce platform
• Token-based rewards

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Transaction Processing: POSX earns revenue through payment processing from merchant transactions. When customers pay through POSX-enabled merchants using crypto or supported payment methods, transaction fees are generated. The platform offers zero fees for merchants on rewards but likely charges on payment processing.
2. Token Sale: POSX conducted an Angel Round token sale and Public Sale Early Access at $0.1 per token, with total supply of 5 billion $POSX tokens on EVM network. Revenue generated through initial token sales before listing.
3. Network Participation Fees: Revenue may be generated through network participation mechanisms including node mode (coming soon), where users participate in the rewards network.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

POSX operates a Web3-native payment and loyalty protocol built on its proprietary Proof of Spend™ mechanism. Consumers make purchases through POSX-enabled merchants and earn $POSX token rewards generated exclusively from verified real-world transactions recorded on-chain. The platform combines a consumer-facing mobile app, a merchant integration network, developer API/SDK tools, and a native $POSX utility token.

Product overview

POSX is a single unified product platform built around its Web3-native Proof of Spend™ protocol. The core POSX Platform serves as the payment and loyalty infrastructure, supplemented by the $POSX Token for network incentives and governance. The POSX Mobile App provides end-user access for earning and redeeming rewards, while the POSX Merchant Network enables businesses to integrate payments and loyalty programs. Developer access is provided through the POSX API & SDK for building Web3 commerce applications.

Differentiator

Problem solved

Functional benefit

Products and services

• POSX Platform A Web3-native payment and loyalty protocol using Proof of Spend™ technology, enabling users to earn rewards through real-world transactions verified on-chain.
• $POSX Token The native utility token of the POSX ecosystem with a total supply of 5 billion tokens on the EVM network, used for rewards, staking, and network participation.
• POSX Mobile App Mobile application for users to make purchases, earn rewards, track earnings, and manage wallet interactions. Currently in development with download links marked as coming soon.
• POSX Merchant Network A merchant-facing solution enabling businesses to accept POSX payments, reward customers with POSX tokens, reduce payment fees, and access cross-merchant rewards for increased customer retention.
• POSX API & SDK Developer tools including API features, SDK languages/libraries, and sandbox environment for building Web3 commerce applications that integrate with the POSX ecosystem.

Quantifiable outcome

• Trusted by 150,000+ users worldwide
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• OmninalcoreStrategic or Co-development Partner · 5 May 2026Co-organizer of 'Payments by the Beach' side event at Consensus Miami 2026. Omninal provides infrastructure integration enabling POSX merchant network to work with existing payment infrastructure. Strategic ecosystem partner for merchant acquisition and payment processing.
• AnubisminorGTM or Marketing Partner · 5 May 2026Ecosystem partner supporting POSX presence at Consensus Miami 2026 side event. Participated in presentations at the 'Payments by the Beach' event alongside POSX founder Carter.
• BenPayminorGTM or Marketing Partner · 5 May 2026Ecosystem partner supporting POSX presence at Consensus Miami 2026 side event. Listed as supporting partner for the 'Payments by the Beach' ecosystem event.
• InfiniminorGTM or Marketing Partner · 5 May 2026Ecosystem partner supporting POSX presence at Consensus Miami 2026 side event. Listed as supporting partner for the 'Payments by the Beach' ecosystem event alongside Anubis and BenPay.
• NowPaymentscoreStrategic or Co-development Partner · 1 January 2023Strategic investment and partnership in NowPayments in 2023 to expand European payment infrastructure and compliance capabilities. This partnership enabled POSX to establish payment processing infrastructure for European market expansion with proper regulatory compliance.

Scale indicators6 records

Recent moves9 records

Expansion highlights6 records

Emerging players

• StormX: StormX provides crypto cashback rewards for shopping and task completion through a mobile app. Its shopping-based rewards model overlaps with POSX's merchant purchase-to-rewards flow.
• Strike: Strike offers bitcoin-based payments and merchant tools with low fees via the Lightning Network. POSX targets overlapping merchant crypto payment adoption, though Strike focuses on bitcoin-native rails rather than EVM-based token rewards.
• Fold: Fold offers a bitcoin rewards debit card and merchant cashback program. It competes with POSX in the consumer-facing crypto rewards category tied to real-world spending.
• Lolli: Lolli provides bitcoin cashback rewards for online and in-store shopping through merchant partnerships. POSX competes for the same retail cashback/loyalty wallet user, but with a proprietary token and on-chain verification.

Direct peers

• BitPay: BitPay is one of the largest crypto payment processors, enabling merchants to accept bitcoin and other cryptocurrencies at the point of sale and online. It is directly comparable to POSX as both target merchant crypto acceptance with rewards and settlement functionality.
• Flexa: Flexa operates a pure-digital payments network enabling merchants to accept crypto at point of sale via SDK integrations. POSX shares the same crypto POS infrastructure thesis with an added loyalty layer.
• NowPayments: NowPayments is a crypto payment gateway that POSX has a strategic investment in. It offers merchant crypto acceptance infrastructure and serves as POSX's European payment rails, making it both a partner and a directly comparable payment processor.
• Coinbase Commerce: Coinbase Commerce provides merchants with tools to accept crypto payments and integrates with point-of-sale workflows. POSX competes for the same merchant adoption of crypto payments, with a different rewards-led angle via Proof of Spend™.
• Crypto.com Pay: Crypto.com Pay offers merchant crypto payment acceptance and a cashback/rewards program for users paying with the CRO token. Its rewards-linked merchant payment model is structurally similar to POSX's cross-merchant rewards network.

Broad incumbents

• Block (Square): Block operates Cash App, Square POS, and has integrated bitcoin payments and rewards across its ecosystem. As a broad incumbent in merchant payments and crypto, it represents the scaled player POSX would need to displace for mainstream merchant adoption.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about POSX