Tenx | Growth and Support so far

The process of making the blockchain technology go mainstream in the real world is one of the most ground-breaking revolutions in the history of the blockchain ecosystem and of course the real-world. The relationship between the real-world and cryptocurrency is revolutionary, this is because the battle to make cryptos regarded and used as an integral part of every country's economy and of course our daily lives, has failed over time. The intention of TenX payment network is to provide a secure and convenient means of converting cryptocurrencies into fiat; a service that allows you to spend your cryptocurrency on daily basis. Most cryptocurrency enthusiasts have waited so long for this moment.

TenX is a Singapore-based company that provides a swift and effective solution to converting digital currencies into fiat (cash), through the utilization of their Visa debit card. This actually implies that cryptocurrencies can be used as a perfect alternative for fiat; a substitute in the real world. Over time, Cryptocurrencies have been used as a major instrument for investment, but really feels so good to know that we can spend directly from your cryptocurrencies, just by topping up your TenX wallet with the currency you which to spend, follow the instructions and you are ready to spend. Cryptocurrency lovers have waited so long for this opportunity, which is why TenX accumulated funds almost $80 million worth through their token sale; ICO campaign.

Not only does TenX allow users to spend their cryptocurrencies at malls, stores, and other
places at every point in time, the payment network also creates a real-time relationship that brings different Blockchain-based businesses and assets to be mainstream in the real world, in a manner that is 100% decentralized.

WHAT IS THE SOLUTION THAT TENX IS OFFERING?

In as much as the crypto space is being flooded with new cryptocurrencies (which is a positive thing), there is still so much to enjoy, when it comes to spending your Bitcoin and other digital currencies for your everyday transactions. Some similar exchanges like TenX take a whole lot of time to convert crypto into fiat, but TenX rapidly converts cryptos into spendable fiat without inconveniencing the user of the TenX debit card.

The TenX leverages on the COMIT network, which is a powerful protocol that serves as a channel that connects different blockchain projects. TenX has a native utility token, it is called the PAY token which is currently trading for about $0.6 on CoinMarketCap.
TenX is concerned with resolving the challenge between the blockchain system and real-world. TenX makes it possible for individual users and industry insiders to connect their digital currencies to the real-world via the convenience provided by the TenX debit card - a prepaid Visa card that has TenX’s technologies incorporated. The TenX debit card can be utilized both online and offline, as the service has more than 36 million points of acceptance.

TENX GROWTH AND SUPPORT SO FAR

The platform presently renders support for 8 distinct digital currencies that include Litecoin, Ethereum, Bitcoin and others; TenX team aims to increase the number of supported currencies. Meanwhile, the development team is working continually to ensure that more currencies are supported. But note that including more crypto coin takes time, as a result of the relevant amount of development input and high-quality assurance testing needed to successfully support digital coins on the blockchain.

TenX transactions volume is close to $100,000 monthly. Hopefully, TenX platform soon will be processing transactions worth $100,000 monthly from millions of users on the platform within the next 15 months.

Still, on growth and support, TenX surprisingly received $80 million in 7 minutes from their token sale. Prior to that event, TenX was able to raise a sum of $120,000 from Angel Investors and $1million from seed funding. According to Julian Hosp, the co-founder and president of TenX, “the platform is a long-term investment initiative, not a profit making organization”. He claims that the money realized will be a major tool in expanding the operations and services of the platform.

IN CONCLUSION
The debit card may not be available in your location, but it's just a matter of time. But while you wait for the debit card to be made available at your location, you can acquire their native token - PAY tokens, there are lots of benefits, especially for all PAY token holders. The cards are available at a very fair rate. The fee is as well encouraging compared to what similar platforms like Central, WireX and others are offering.

Thanks a lot for stopping by my post, and I will bring you more updates. Bye for now. I’m @meemee.