If you have a keen interest in Cryptocurrencies, then you must have known that TenX Pay was on the high rise for few days and it's still rising substantially. As we all know that most of the crypto enthusiast and experienced traders mostly invest in those coins which are on rise and have a potential to rise in future. Most of the people generally trades on the cryptos listed on the first page of Cryptocurrency exchanges. Currently, people are investing in TenX Pay as it can be a good long term investment as well as profitabe for short term trading. For those, who don't know about TenX Pay, this article is for you.
What Is TenX PAY?
TenX is a Singapore based Blockchain Company which offers Debit cards and mobile wallets backed by Cryptocurrencies. TenX has partnered with VISA and Mastercard and now it's wallet services are accepted in more than 200 countries and now TenX has come under the companies having global reach. TenX Point of Sale services charges the same amount from merchants like any other debit card company that is 2% of transaction amount. According to TenX, transactions can be carried out globally without any processing fee with use of TenX cards. If you want to order a TenX card, you can do so easily by ordering one on TenX app.
How TenX PAY are different from other Crypto Debit Cards?
The main difference is TenX debit cards allows you to spend a number of different cryptos. Right now they have made Bitcoin, Ethereum, ERC 20 and Dash available for you to load and spend using their card. TenX offers 0.1% reward in their PAY token for just being holding a TenX Pay card and they also give a 0.5% reward paid in Ethereum for holding the PAY token. If you choose to make a purchase with PAY token, then you'll get a discount on transaction fee.
But the rewards will be given to those token which will be existing on your TenX mobile wallet. If you keep them on any exchange or transfer them from mobile wallet to exchange, then you'll not be entitled to any rewards on your TenX Pay Token irrespective of the amount of transactions you have done through your debit card.
You need to download TenX wallet before you use the card and TenX app is only compatible for android so far. The webb app is available to everyone in a week or so and same can be said for the iOS app.
TenX PAY Cards Availability
Although TenX Pay cards are available in many countries, approximately 200 for the record but still it is not available in USA. This is has to with their recent ICO and they are waiting until 90 days have passed to see if the SEC regulations will have any effect before releasing to the USA. You can check the list of countries where the TenX cards are available here.
TenX Statistics And Charts
TenX PAY is among top 20 Cryptocurrenies with higher market cap.
Current Market Cap: $462.1 Million
Total Supply: 205 Millions PAY Tokens
24Hr Volume : $145 Million
Current Price: $4.49
TenX PAY Future Plans?
TenX has a target to ease the purchase of cryptos through fiat currencies by 2017 end because currently one can purchase cryptos only by purchasing Bitcoin, Ethereum or Litecoin first with Fiat and then exchange them with other cryptos. TenX is also planning to control the high volatility among crypto prices which is actually a major concern currently.
By looking at the fundamentals and future plans of TenX, it can be concluded that TenX is doing a pretty goood job so far to provide high value to it's users. It's fundamentals are strong and Market Capitalisation is also rising rapidly.
The main thing about the TenX is that it is actually usable in the Real world when most of the cryptos are just work in progress right now. TenX also offering rewards for using their services. For that they deserve a big thumbs up. Investment in this project can be a good decision for long term. So, it's upto you to decide about it. Read this article thoroughly and understand it's fundamentals and then take the decision accordingly.
Thanks for reading ..!!!
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