TenX (PAY)

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”.

Top News

Ethereum Completes Istanbul Hard Fork

Ethereum Completes Istanbul Hard Fork

This is the Ethereum network’s first hard fork since Constantinople in February. It is said to improve speed and gas efficiency. It was activated at block number 9,069,000. Ethereum completed its Istanbul hard fork on December 8th, 2019. This is the Ethereum network’s first hard fork since Constantinople in February. …

Read More »

Tezos Foundation Ready to Fund Ethereum’s Projects

Tezos Foundation Ready to Fund Ethereum’s Projects

The Tezos Foundation (TF) is willing to provide funding for some of the Ethereum Foundation’s projects that were abandoned due to lack of financing. The Ethereum Foundation is planning on shutting down a lot of their international teams in 2020. Nina Breznik tweets on how her team wishes to continue …

Read More »

Ethereum Announces it’s Latest Update for Eth2

ethereum post is there proof read it.

First ethereum2 networking call to tackle all the networking and first eth2 phase2 community call to rally the effort. Parity’s Shasper joins Prysmatic’s Sapphire testnet.  Presentation, specification, and implementation of the new BLS standards. Ethereum announced an update on its blog on December 5, 2019. The update highlighted many new …

Read More »

Microsoft Helping Firms to Trust AI using Blockchain

Microsoft Helping Firms to Trust AI using Blockchain

Microsoft is using Blockchain technology as an option to make artificial intelligence less complicated. This blockchain data manager takes on-chain data and connects it to another application so the transaction data from nodes can be sent to other databases. The tracking of shipments of organic beef from Argentina could be …

Read More »

SBI Holdings to Pay Dividends in XRP Tokens

SBI Holdings to Pay Dividends in XRP Tokens

SBI Holdings CEO Yoshitaka Kitao reveals that the Japanese financial services giant has been considering paying shareholder dividends in the form of XRP tokens. The opt-in program is expected to launch during the fiscal year ending in March 2020. This latest move provides substantial credibility to Ripple and its overall ecosystem. …

Read More »

Facebook Presses for Regulatory Approval in the EU But Failed

Facebook Presses for Regulatory Approval in the EU

Facebook’s own digital currency Libra continues to push for establishing its presence in Europe. EU finance ministers agreed that private digital currencies should not be permitted until the risks are clearly addressed. Dante Disparte, deputy chair of the Libra project is determined to make a presence in the EU. Facebook’s …

Read More »

VeChain Launches VeVote in an Attempt to be More Transparent

VeChain Launches VeVote in an Attempt to be More Transparent

VeVote is a tool that the VeChain community can use to see the incoming changes in the VeChain ecosystem. VeVote provides a transparent and decentralized platform for stakeholders to cast their votes based on their voting authority. The whole process is executed via smart contracts and is recorded on the …

Read More »