How would you love to spend your crypto without the hassle of "securely logging into your wallet" and exchanges every time?
For most people crypto is more of a store of value than currency. Many of my friends hold their Bitcoins, Ethereum or other tokens till they need the money then they sell and get paid into their accounts. The downside of this is that they lose like 10% to fees of the "dealers". You'd agree with me it's not fair to you that you should invest wisely, make gain, just to pay a "digital tax" to exchanges.
TenX has come up with a very encompassing solution.
INTRODUCING TENX
TenX is a blockchain company that aims to provide debit card services for cryptocurrency.TenX believes in the importance of connecting everyone to Decentralized services and believe this can be accomplished by providing a platform that gives total and instant access to your digital finances.
Let's look at their introduction video
TenX will give everyone the wonderful ability to conveniently use their digital assets in everyday life.
How Does TenX Work?
The main products of TenX are
TenX provides a savvy payment system which includes a user-friendly mobile wallet that can be funded with crypto currencies, as well as a debit card service. Users can create accounts with the mobile app, send their crypto to the TenX wallets and then use the app or debit cards to pay for purchases or services same way you would with a normal Visa or Mastercard. TenX is the only platform that allows you to spend a wide range of crypto instead of the conventional BTC|ETH pair most companies offer. This gives you added flexibility as you don't always have to rely on fiat, neither do you have to go through "verification hurdles" to spend your Cryptocurrency.
You can create your TenX account following these simple steps
Simply download the app, sign up, set up your password and 2FA then confirm your email. It's that simple!
The TenX mobile wallet is available on Android and iOS supporting Android versions 4.1 and higher, and iOS versions 9.0 and higher.
Download Android app here
Download iOS app here
You can sign into your account over multiple phones simultaneously allowing perhaps your loved ones to also share the account and make purchases in your absence.
The TenX mobile wallet is secured with email notification, 2FA security, and even a biometric login feature. All your personal data is encrypted and stored securely.
Users who contributed more than 25 ETH during the token sale are eligible to receive either a Limited Edition TenX Card or a Founders EditionTenX Card.
Range Of TenX
The TenX debit/prepaid card is primed and developed to be loaded and used in over 200 Countries at over 42 million payment points. Obviously they are working in conjunction with major payment processing companies for speedy conversion and payment. TenX charges no deposit fees and transfers to other TenX users is completely free. TenX does not charge any forex fees for your transactions. Infact the only thing you'ld likely pay for is a $15 issuing fee for new physical cards that covers issuing and shipping costs. Pretty great offer if you ask me.
Integration with new issuers are currently being worked on and there will soon be a gradual roll-out of cards by geographical region. Following their August 24 update, the first launch region will be APAC, followed by Europe, and then the US.
Feel free to place your orders. You can also find more information about the TenX prepaid card here
Track Record
TenX was originally called Onebit at its inception in June 2015 as it used only Bitcoin as a payment option. They have since expanded to support other cryptocurrencies. In 2016, the company was incubated by PayPal and then rebranded as TenX (a symbolic name to mean 10 times better). This is well documented in their story
In 2017, TenX completed their ICO selling an impressive 100 million PAY Tokens receiving over $80million. It was a very unique and trendsetting ICO that saw payment accepted in over 20 different cryptocurrencies ranging from Bitcoin, Ethereum, Litecoin, Dash to other less popular ERC-20 tokens.
TenX has come a long way. Their dedication is yet to waver and they have covered huge ground in bringing their global solution to a reality.
To see a complete record of their illustrious adventure from inception check out their Roadmap
PAY Token
The PAY token is the custom token used to power the TenX ecosystem as an in-house currency.
The Team
The TenX team is a very large community of dedicated professionals with a plethora of skills and trainings in various backgrounds including Software development, Artificial Intelligence, blockchain R&D, Law, Product Management, Marketing and Business Operations.
Meet the full team and read their complete bios here
Bug Bounty And Careers
Are you tech savvy? a good bug finder or programmer? head over to the bug bounty section and earn tokens by finding and submitting any bugs you discover in the code. The TenX team is very committed to the security of their product and in the spirit of transparency have made their work open-source to promote community-enhanced security. TenX is also hiring!
Conclusion
The TenX project is a much needed service in today's technology-reliant world. We need faster, much more secure and more diverse payment options that can allow everyone enjoy his or her daily activities with freedom and peace of mind. Now no matter what activity you perform, be it jogging for ACT points or making podcasts for tokens or even writing on steemit for STEEM, you can easily convert the proceeds of your effort to currency and pay for your groceries using TenX!
To learn more about this wonderful project, you can visit their website or read their Whitepaper here if you want the technical explanation.
The team is always willing to answer questions and you can reach them on any of their social media accounts. TenX Chat | Facebook | Reddit | Twitter | Medium | YouTube | LinkedIn | Telegram | Instagram | Crunchbase
Related Articles
TenX adds Litecoin to Mobile Wallet
TenX PAY Token to trade on Huobi
TenX to Feature at the SouthEast Asia Blockchain Summit
For more exciting TenX news visit their press release page
DISCLAMER: The information contained within this post shall not be taken as financial advice. I am not a financial advisor and none of your investing should be carried out based on any information presented here. You can lose all of your money by not investing wisely. The above information is for educational and entertainment purposes only. Kindly endeavour to DO YOUR OWN RESEARCH.
All images were derived from the website