First Bitcoin-based debit card in Asia | 10% for @tron-fan-club

It was discussion on first cryptocurrency based debit card in my last two posts. Now let talk on first cryptocurrency based debit card in asia. In 2017, a big development in the world of cryptocurrency and payments occurred with the launch of the TenX Card. It is the first Bitcoin-based debit card to be introduced in Asia. This was surely an innovative product in that time. It marked a significant step forward in the adoption of cryptocurrencies for everyday transactions. Asia is known for its rapid technological advancements and growing interest in digital assets. This launch in asia was a great milestone in cryptocurrency system.

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The TenX Card was introduced by TenX. It is basically a Singapore-based blockchain company. It tried to solve the problem of ability to use digital assets like Bitcoin for real-world purchases. While cryptocurrencies were gaining popularity as a form of investment and online transactions, the practicality of using them for day-to-day spending remained limited due to the scarcity of options. The TenX Card was designed to bridge this gap by allowing users to convert their Bitcoin holdings into traditional fiat currencies and spend them at millions of merchants. The card was accepted to those stores accepting debit and credit cards. This innovative solution effectively turned Bitcoin into a spendable asset in asia region as well.

Cryptocurrency use was extended to everything from groceries and travel to dining and entertainment. The launch of the TenX Card had several transformative effects within the cryptocurrency system and the broader payment industry in Asia.