Thanks for stopping by to read my TenX (PAY) coin review.
TenX has created some buzz in the crypto space and has a very novel approach.
Reason being it promises a bridge between using money in the real world and owning cryptocurrencies.
So lets take a closer look and TenX shall we?
TenX (PAY) Coin Review
Today I want to go over TenX and how it’s different from the other cryptocurrencies.
Basically what it’s looking to do to provide that bridge between the crypto world and the real world.
TenX is currently the worlds 56th largest cryptocurrency. It has a market cap of around
$391 million dollars. It is trading at $3.74 USD on coinmarketcap.
What makes TenX different from all the other cryptocurrencies? It’s promising to deliver a bridge between the real worl and the crypto world.
One of the questions I’m frequently getting asked when I’m talking about crypto. How do I conver my US dollars to crypto? And when I build up my crypto and want to convert back to US dollars how do I do it?
Normally this process is fairly long and drawn out. It’s a lot like opening up a bank account. You have to give out a lot of personal information.
Depending on who you use and which exchange. There is usually some frustrations and fees that come along with that.
The coin isn’t so much different it’s just focusing on the conversion process.
What I like with TenX you install this application on your phone. Then you’re able to store Bitcoin, Dash or Etherium in your wallet.
You then can purchase a physical credit card and you can use it just like a regular credit card.
The cool thing about TenX is when you actually go to use your funds. You can at that time convert Bitcoin into US dollars. Or you can convert Bitcoin into Euros.
So the transaction actually takes place when you make the purchase. You don’t have to necessarily store the tokens.
You do have the option to buy coins. But the muscle behind TenX is the fact that it is a multi cryptocurrency wallet that also acts as a payment gateway.
The company has built up a team of almost 40 people. Each having strong background in crypto and software development.
TenX is definitely a work in progress. One of the strong points with TenX is Julian Hosp Co-founder and President. He is constantly on Youtube explaining concepts and principles.
One of the things I learned early on in business is you have to invest in the people not just the product.
You can have a great technical platform. But if the guy at the steering wheel is clueless the technical details aren’t enough to get the project off the ground.
So Julian does a great job. I feel he does a good job at just communicating. He’s not fancy and over elaborate. He’s not trying to wow you with smoke and mirrors. He is really giving you the facts are as presented to him.
He’s great at taking cryticism and answering basically any question you can throw at him. For me that’s always very important when looking at a new coin or project.
TenX has formed a great community of people. As you can see they make themselves very accessible.
I believe that TenX is assembling a team of people. TenX are focusing on the banking regulations. They are focusing on the implementtion of the Visa cards.
Basically bridging these two worlds together! They are putting all of their energy into it.
From what I know TenX is already shipping cards in Europe. Supposedly they will be completely caught up with their orders in Europe by the end of 2017.
People in the US are already downloading the App. They are now waitin on their ability to order the credit card.
What’s interesting with TenX it really is a fantastic technology. It’s going to be absolutely when transitioning from the older networks into the newer networks.
If you were to fast forward 50 years nobody can be sure if TenX will be such a fantastic technology.
Same way the Fax machine is not longer an important piece of technology. But go back 40 or 50 years and the Fax machine was absolutely critical.
So TenX goal is to bring crypto to the masses. A lot of people ask me about the future of crypto. It’s hard to imagine my 70 year old uncle using digital currency. I think the average person doesn’t care about using blockchain.
However take the steemit platform. People are using blockchain technologies but they dont’ know they are using blockchain technology.
While I believe the ‘hardcore’ crypto people will get into the details and the nitty gritty. There will be companies and digital currencies that will breakthrough to the masses.
Nobody knows for sure which company or companies will reach the 99% who are NOT in crypto.
It could very well be TenX or another company like Electroneum to make this happen. It’s all about keeping things simple where people don’t really know they are using crypto but they are!
For example the average consumer who uses Facebook. They don’t wanna know how the internet protocalls work. They just wanna post a picture of their cat and see how likes it!
People don’t even wanna know about their privacy settings. You can either find this frustrating or just realize that is the world that we live in.
So TenX is already working with Visa and Mastercard. There taking on the roll of other companies that have adapted well in the market.
For example if you want to get Marshalls or Homegood MasterCard you can do that. There are a lot of companies out there that privately label Visa and Mastercard. They then take a small % of those fees.
This is what TenX is already doing. So they are working with the existing infrastructure. The difference with TenX and how they generate their money.
As Visa and Mastercard are charging fees and they are giving that to TenX. Then TenX distributes that money to its users.
Typically with credit card processing like Marshall’s for example. When they process that payment. Whatever the profit margin is goes to the company.
TenX Coin – Bridging the Gap
TenX is incredible in the sense it is bridging this gap. In fact they aren’t doing anything really different then the interchange. They are playing by the rules of the credit card. They are playing by the rules of the cryptocurrency. And they are bridging the two worlds together.
What I find fascinating is that Visa and Mastercard is willing to work with TenX. If you are following cryptocurrency and this technology. You kind of expect big companies like Visa and Mastercard to take a backseat to it all.
I really do believe blockchain is a big threat to paper currency and credit cards.
I’m not sure if companies like Visa, Mastercard etc fully realize the implications of this technology. So I am really impressed that TenX has been able to partner with them.
TenX – My Conclusion
We are already seeing a roll out of this technology and now it’s impossible to stop. So it’s kind of ironic how TenX is assisting Visa and Mastercard when crypto could eventually put such companies out of business!
This is just my opinion. Maybe there is something else going on that I don’t fully understand.
So TenX is currently sitting at $3.74 and is certainly a coin for the future. It’s based out of Singapore and they are shipping cards to Europe. They are in talks with other large companies possibly even banks. This would help them infiltrate even further.
So it’s really for this reason I am optimistic. I like the team at TenX. I like the technology and their platform.
Is TenX going to be here 25 years from now? Who knows. That is a LONG time lol.. Could it be a major player in the next 2-3 years as people adopt? I will say yes and I’m willing to take that bet on TenX and I’ve already added some coins to my crypto portfolio.
My #1 Recommendation
Whether you’re buying some TenX coins or not this applies to you.
Cryptocurrency is absolutely BOOMING! That is a fact.
Make sure you’re building your doing your research and building your crypto portfolio.
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