TenX Card: Is It Too Little, Too Late?

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TenX Card: Is It Too Little, Too Late?

Wed Aug 22, 2018 2:51 pm

Dr. Julian Hosp et al. gave the cryptocurrency community a sneak preview of the new TenX card, earlier this week.

TenX (PAY) announced on Twitter that the final card design had been approved, with physical cards now ready to be shipped. Cards will be out-rolled first to Singapore – where TenX is based – before expanding across the Asia-Pacific (APAC) region; the company will then focus on the European market.

TenX is a payments network that plans to enable users to spend their cryptocurrency on everyday purchases. The network can perform rapid token swaps from the selected digital asset into the appropriate fiat currency, to buy something in a supermarket.

There is also a mobile wallet app. Cryptocurrencies currently featured include ether (ETH) and bitcoin (BTC), with Litecoin (LTC) being added in mid-April. The company has said it will expand to other cryptocurrencies in the future.

Using Visa as a payments processor, which can confirm 8,000 transactions per second, saves the network having to tackle scalability issues that have prevented cryptocurrencies like ether (ETH) and bitcoin (BTC) reaching their full potential.

Sleek and black; stamped with the Visa logo, the TenX card looks good. That said, the company has failed yet again to provide a timeframe for users, promising cards will be with the community ‘soon’. Few will be surprised


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