You know that look you get from onlookers when you make a slip and finding yourself struggling to stop a fall? The same embarrassment awaits you when you walk into a store and offer to pay with your cryptographic currency.
Traditional fiat currencies have been around for decades, and it is hard to implement digital currencies. Cryptographic currencies have been struggling to find itself way into the mainstream of the financial sector to no avail.
There has been the integration of these currencies into platforms that were able to buy its idea. But what remains of other use cases where currencies and transactions are made?
The block chain technology had to play vital roles in selling the gains of cryptographic currencies to the public. However, there is more work to do if this must be actualized.
Currently, decentralized platforms are making moves at making the end-user see the light of using cryptographic currencies. It seems the significant concentration is winning the war of using crypto currencies on the net.
While literal foot-soldiers are working towards that aspect, the Generals are working towards massive adoption of cryptographic currencies in fiat cases. TenX just joined the band of army striving for equality of crypto currencies to their fiat counterparts.
TenX – Payment Solution
At the forefront, TenX’s goal is being a channel for making payments using cryptocurrencies. TenX hopes to offer cryptographic currency payments using three core formats. The first is the platform itself backed by a website.
The platform has its first payment solution as a wallet. Indeed, cryptographic currencies are stored in digital wallets. TenX uses the same. The other product is a debit card, and the last is a Point-of-Sale/ATM port for transactions.
Unification of Exchanges
As stated earlier, digital currencies are stored in digital wallets, however, there are variations in these wallets. An Ethereum coin cannot find its way into that of Bitcoin. That of Ripple cannot be seen on LiteCoin. Thus, storage of cryptographic currencies is separated based on their block chains.
TenX brings a solution to that. The digital wallet available on the platform was designed to suit all currencies. However, supported currencies are limited to DASH, Bitcoin and Ethereum.
However, the official token of TenX subscribes to the Ethereum ERC20 token standard. For this reason, any other cryptographic currency that is ERC20- complaint can be added to the TenX wallet. The platform has plans of integrating other currencies in the near future. The TenX wallet was designed to suit your convenience.
Hence, they are mobile applications and can be downloaded from the App and Play Stores, and you can opt using the desktop version on the site.
Many digital currencies such as Ethereum had been making efforts to become payment methods on the net. Recently, considerations have been made at applying these currencies in reality. There are decentralized channels that have worked to this effect and TenX is not taking the back seat.
The amazing thing about TenX is its support for crypto currency use in reality. There is a debit card for you. Traditional debit cards from banks allow you withdraw fiat funds from Point-of-Sale and Automated Teller Machine terminals. Won’t it be a good idea having same replication for digital currencies?
TenX’s debit card will come be developed under the same formation of VISA and MasterCard. These debit cards can be used at designated POS and ATM terminals.
You simply swipe your TenX debit card across the surface of the Point of Sale machine and after due computations and exchange conversions had been made, funds transfer will be carried out.
TenX’s (PAY) Not a Lone Ranger
Clarifying this is important. TenX just like every business needs support from like-minds and third-parties. The platform is not a lone ranger but rather forges partnerships with relevant bodies.
TenX is an off-shoot of the COMIT Network. COMIT implying Cryptographically-secure Off-chain Multi-asset Instant Transaction is the backbone supporting TenX. The COMIT Network will be to TenX and decentralized payments in general what the Internet was to information.
COMIT Network fast-tracks payments on TenX, and its better prospect is reduction of fees. If you have been accruing high transaction fees from fiat transactions, COMIT Network through TenX reduces the cost for you.
PAY – You can actually make Crypto Payments
PAY is the official token of TenX. The token has a growth rate based on the number of transactions it processes. It is a far-cry from traditional tokens whose value increases when they are traded. In this case, PAY increases as its transactions are multiplied.
Make that Payment
If you have been turned down by a business because you offered to pay with your digital currency, walk back there and demand the same again. I bet the response will be to your favor. You can make that payment you always wished for.
TenX (PAY) has in-stock functionalities that allow you make payments from your digital wallet without hassles.
At the moment, the TenX debit card is under development and will be released soon. You can however download the TenX wallet from the Google Play Store and the App Store, transfer crypto funds to your wallet and wait for the unveiling of TenX. TenX will certainly change the crypto sphere and traditional financial platforms for good.