TenX reissues prepaid cryptocurrency card, plans for new range of products

TenX reissues prepaid cryptocurrency card, plans for new range of products

TenX, the Singapore-based blockchain business, best known for being one of the first to conceptualize and enable the spending of popular cryptocurrencies on day-to-day items, today announced their plans to take the company forward into 2019, titled TenX 2.0.

As a first step, TenX has re-launched the TenX Card. “We are thrilled to once again, make TenX Cards available to everyone residing in Singapore. We will also open up applications to APAC-based travelers visiting Singapore, shortly,” said Toby Hoenisch, CEO, and Co-Founder at TenX. Cardholders will be able to make purchases at over 42 million VISA points of acceptance, globally.

With TenX at the forefront of making cryptocurrency a mainstream method of purchase, the team is excited about what this could mean for the way the shoppers transact. Outside of being able to make everyday payments, cardholders can also withdraw money from supported ATMs around the world, provided their TenX Wallet is topped up. The TenX Wallet has seen a 67% YoY increase in wallet users.

“The ease with which the cards work is outstanding. Whether I’m buying a burger in Germany or Laksa in Singapore, it’s incredible that I now have the TenX card as an additional payment option. It’s particularly useful when I travel. I don’t need to think twice about exchange rates,” said TenX cardholder, Matt Bronowski, one of the first users to receive the new card.

TenX users will have full control over their cards and can lock or unlock them at their own will, in addition to receiving real-time notifications when the card is used — making the TenX Card a perfect payment tool for any traveler.

As a next step, TenX is looking to use their financial license to make cryptocurrencies accessible to a wide audience.

“We are looking into launching more products that enable the transparent use of cryptocurrencies as financial instruments, along with fiat in and out options for people who are not yet familiar with crypto. The aim is to make almost any asset spendable with the TenX Card, for example, even gold,” said Hoenisch. “We want these products to be familiar — products that people can use in their everyday life.”

Later in the year, TenX reported that it will look into further expansion through partnerships and will seek new asset listings leveraging their strong and flexible payment infrastructure, built through 2018.

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