TenX - The future of cryptocurrency card payments

Introduction

One of the ideas behind the development of cryptocurrencies is to replace fiat currencies as a means of payment. But many cryptocurrency enthusiasts today only see cryptocurrency as a means of storing value and trading, forgetting the idea of spending them as a currency.

People see cryptocurrencies as a form of investment. Thus, they tend to hold it without spending it seeing that many retailers and businesses do not accept cryptocurrency as a means of payment. The difficulties in converting cryptocurrencies have been eliminated by TenX blockchain.

However, with the latest invention of crypto debit cards, one of the above barriers to wider merchant acceptance (hard to spend) won't be a problem anymore. Crypto debit cards have made the spending of cryptocurrencies at shops anywhere in the world possible and easy.

TenX crypto debit cards work the same way as standard fiat debit cards. Additionally, it can be used at any location where standard debit cards are accepted.

Making payments with crypto debit cards is as easy as using standard debit cards, thereby making it possible for a layman to transact using cryptocurrency without having to know in depth of how cryptocurrency or blockchain works.

TenX is a Blockchain platform that implements the use of a multi-coin crypto debit or prepaid card to shop with cryptocurrencies anytime anywhere.

TenX

Tenx

TenX is a blockchain platform that aims to build a bridge between real-world payment platforms and the cryptocurrency world, offering users an easy to use interface for spending cryptocurrencies instantly, anytime anywhere.

TenX is able to achieve this by connecting to blockchains and making use of the COMIT network (a cryptographically secure off-chain multi-asset instant transaction network).

The payment system of TenX includes the TenX crypto debit card that can be used in over 200 countries tied to TenX wallet which comprises several cryptocurrencies. Unlike other crypto debit cards with just a single coin support, TenX supports various cryptocurrencies (including Bitcoin, Litecoin and Ethereum) and is planning to add more as the project evolves.

TenX Pay token

TenX Pay token is an ERC utility token built on the Ethereum blockchain with a total supply of 205,218,256.

TenX pay token will be used to carry out transactions within the TenX wallet, it will also serve as supporting fees alongside with other cryptocurrencies in the TenX wallet.

Users of the TenX platform will be rewarded with PAY tokens enabling them to be holders of TenX Pay token. Holders of the TenX Pay token receive 0.5% of total payment volume on the TenX platform made by users.

TenX Pay token is currently trading on many exchanges and it is also listed on coinmarketcap.

Security

The dedicated team of TenX ensures to put in place the highest security while users enjoy the convenience of using the platform. Some of the security measures put in place are;

2 Factor Authentication

This is an extra layer of security that confirms the identity of a user by requiring them to provide an information known by the owner of the account. 2-factor authentication has been enforced for all TenX users to keep their accounts secure.

Multi-signature wallet management

Multi-signature is an additional security which requires a user or users to sign a transaction before it can be processed. The TenX team is making use of a multisign cold storage for treasury and long-term custody of users funds.

Biometric

The fingerprint feature which has been proved to be very secure and convenient has been implemented for account safety. It is available on supported mobile devices only.

Account notification

TenX has put in place the provision for email and mobile notifications for every transaction that is carried out on all accounts.

Conclusion

The use of cryptocurrency as a means of payment is certainly the future. TenX makes it possible to transact faster with cryptocurrencies. As more people begin to adopt cryptocurrency in the near future, TenX will definitely stand out as one of the best projects with a real-life working solution.