Could TenX Make Cryptocurrency More Usable In the Real World?

TenX has big plans to change the world of cryptocurrencies. How will they do it? One word: liquidity. An ongoing issue plaguing the digital currency landscape is the question of how to make use of virtual money in real-world spending applications. Generally speaking, only the top few cryptocurrencies see a large enough trading volume and liquidity in order to be viable in this way and on a large scale. TenX, a startup which recently earned $34 million in seven minutes with their initial coin offering, or ICO, believes that they have a solution.

Debit Cards and Apps
The startup, a 2017 graduate of Paypal's incubator program and based in Singapore, has prepared a debit card to facilitate the spending of blockchain assets in the real world. A report by Bitcoinist outlines some of the technology behind the card. On the front end, the card will use a payment system, and on the back, it will use COMIT. This protocol allows disparate blockchains, such as Bitcoin and Ethereum, to communicate and interact with one another without having to generate a common token between them. Theoretically, this will speed up transaction times and allow for real-world applications that would not have previously been possible.

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