TenX is a payment platform which focuses on providing users with ways to easily pay for everyday transactions using cryptocurrencies. TenX currently offers a debit card option where users can put any of TenX’s supported currencies such as Bitcoin and Dash onto the card for later use.
That said, TenX’s main focus will be on mobile-based payment systems as they see this as the obvious future of payments. The mobile application will allow users to exchange fiat currencies for crypto in real time. This is a potential game changer in the crypto world and may just be the “killer app” which is needed for cryptocurrencies to become more commonly accepted.
TenX is focusing their efforts on some of the unbanked markets in Southeast Asia, China and India where, according to their whitepaper, around 50% are currently “unbanked”.
TenX’s ICO was in June 2017. They successfully raised 245,832 Ethereum tokens, valued around $80 million at the time. They have assembled a strong team and have some notable backers such as Vitalik Buterin, Bo Shen (Managing Partner at Fenbushi Capital) and David Lee (angel investor and FinTech Professor at Singapore Management University).
For more information on TenX, see their reddit page, website. You may also be interested in our “Exclusive Interview With Brendon From TenX”.
Contributors
