This week there have been some exciting developments in TenX Pay Card.
TenX pay is a card that allows you to upload Bitcoin, Ethereum, Dash, Litecoin and other ERC20 tokens onto a credit card, that can be swiped anywhere in the world and spent immediately without the hassle of trading to get back to a fiat currency.
For a while it seemed TenX was in a tight spot trying to establish a relationship with a credit card processor, as multiple previous offers fell through.
Although, recently TenX has been list and is becoming a global service provider via Visa's website.
Now Tenx Pay is down to about $1.90 from its all-time high of above $5 based on the data on coinmarketcap.com
The company is headed by Julian Hosp, who was one of the incubator startups at Paypal and understands the world of payment processing.
And the best part is that TenX Pay gives out a percentage of Ethereum for being a holder of the token, which is wholly based on usage.
With the adaption of Visa, we may see TenX PAY reach old previous highs, or at the very least a good move in pricing.
Granted, TenX is a card and community based on adoption and use, so in the prevailing future adaption will be the primary indicator of success, and we will see how the user-flow affects pricing.
Currently, the team aims to get over a million users by the end of 2018, with $100 million of monthly spend being moved through the TenX PAY card.
We at GCA will keep you updated with any interesting developments on TenX PAY in the near future. Subscribe to our messenger to make sure you stay up to date.
Thanks for reading,
GCA
We'll see if TenX Pay gets back up there, been more new cryptos entering in the market to also compete with payment systems.
Thanks for this update! i will post it in the tenx token club on telegram https://t.me/tenxtokenclub.