Revolutionary CryptoCurrency breakthrough.
You can not deny that Crypto Currency has taken the world by storm. If not for this wonderful technology none of this would be able. Crypto Currency is without a doubt the future. There so many benefits that it would be almost impossible for me to tell you about all of them in one post, so I won't be going into details about the benefits. Instead, I'll be sharing one of the latest and revolutionary improvements to this groundbreaking technology.
Not too long ago a friend and I were talking about all of this and we came to the conclusion that Crypto Currency is great in all aspects towards a better future but there was one problem. Regular people with office jobs who are too busy working and taking care for their families often times have to jump trough many hoops to actually get their BTC or any other Crypto Currency for that matter in actual cash to be more useful in daily life. After some research there were some great results. If you can spare the time to do some more research about these Crypto Currencies, you'll find a vast world of opportunities that enables you to use your coins or tokens in your daily life. The business ideas behind some of these currencies are just amazing!
Today I'll be telling you about TenX. TenX has headquarters in Singapore and in London. TenX was created by a team that includes Toby Hoenisch (Co-Founder and CEO), Michael Sperk (Co-Founder and CTO), Paul Kitti (Co-Founder and COO), and Julian Hosp (Co-Founder and CVO). The company has received investments from Fenbushi Capital and ICH.
TenX aims to eliminate international banking fees which they were able to achieve. The reason for this is because TenX is based on the "Comit Network".. The Comit Network, is a cryptographically secure off-chain multi-asset instant transaction network. TenX offers you a card that you can purchase, linked with your wallet and supporting all other currencies you can withdraw your online currency at any ATM paying no international banking fees or exchange rates.
Unfortunately, there are still a few countries which do not support this wallet yet. One of these countries being the US. The TenX team vowed that they are currently working on the situation and plans to provide access to the US Crypto users soon. This company is definitely working on some breakthrough technological solutions. They offer an array of other services for Crypto users.
Currently, their market cap is at $468,025,493. Exchange to dollar is $4.47 to 1 Token and rising. This is not only a great company offering a great service but also a great investment option for possible investors.
TenX Fees:
TenX offers a surprisingly straightforward fee structure. Here’s how much you’ll pay for the various TenX services:
Physical Card Issuing Fee (Covers Shipping and Tracking): $15
Virtual Card Issuing Fee: $1.50
Physical Card Annual Fee: Free (or $10 if you spend less than $1,000 a year)
Virtual Card Annual Fee: Free (or $10 if you spend less than $1,000 a year)
Foreign Exchange Fee: 0%
There are certain limits to your spending. Standard accounts are limited to 200 EUR per ATM withdrawal and a daily spending limit of 2500 EUR per day. However, upgraded accounts can spend up to 10,000 EUR per transaction, 20,000 EUR per day, and 1,000 EUR per ATM withdrawal.
Hope this information has been helpful to all of you, please resteem, help spread the word to create a better future for all of us.
Sorry, I wouldn't call a Visa card from a separate provider combined with a coin wallet revolutionary. Also, their team has way more chiefs than indians - not exactly a good model except from a marketing, palm greasing perspective. They are almost all hype, especially with their business case numbers. Their hype is what has boosted their price. (Wow, they bought a burger at McDonald's with a Visa card.. Woo Hooo!)
Anyone that works with government knows "palm greasing" is always underrated by others.
OK, fair point, there is always some of this that needs to be done as well. It just shouldn't be a large percentage of your overall team.
Can you please share with all of us who are inferior to your extensive knowledge on the subject, a better way to reach the above mentioned result?
You bet. Have a look at this post on the business case here and more on the fact that the coin is far from unique in its offering here. In addition, you used to be able to see the team on their website and you can check the number of people engaged in it there. I looked at them sometime back when the ICO was running and realized that no one was really running the numbers on their business case. It didn't add up. Sure, it's great to enable payments with a card but there are plenty of providers either in the space or joining the space to offer this.
Also, converting to other coins other than Bitcoin for payments is really a non-issue. When you load a wallet to back a Visa card, what difference does it make if it allows different cryptos? I would NEVER heavily load this wallet anyway from a simple security perspective so if I need to buy some Bitcoin first to load the card is irrelevant since BTC is basis of every crypto exchange anyway.
What got me was your title of TenX being "a revolutionary breakthrough" and that they certainly are not. Sorry, but I really don't like direct or indirect hype selling on coins. This is to me the biggest problem in the crypto community right now. There are some that don't do this at all like Bitcoin and Litecoin, but TenX and Julian Happ are total attention seekers and sell their hype heavily. It really muddies the waters on the real valuation and business model for the coin.
Agreed, the concept is definitely not revolutionary. It's just an extension of what the rest have done. There indeed are similar projects in the market. Execution will be the key. I feel bionic payment solutions based on crypto would be the future.
When you say "bionic payments", do you mean this? Or this? I hope not the later. Sorry, but the term does not make it clear.
I had to originally append this last post to get my response across since Steemit had given me an error when trying to reply to @ankursengupta. I got the message "Account does not exist".. very weird. Responses now seem to work again
I definitely meant the latter. Bionic implants and cryptocurrency will pave the way for a time based currency- the only thing that has real value. Remember the movie In Time?
Wow! Are you joking? "In Time" was a fully dystopian film. If you genuinely think that "In Time" is where we should be heading, I think you need to seek some professional help.
Biometrics and implants are crazy as f**k. This technology is the beginning of the end for a free humanity. You will then be fully tracked and controlled by the state. If you want a better description of where this goes then you can read all my blog posts, but especially this one for starters. You also need to listen to this interview with Aaron Russo here. There is a longer video interview available as well and you should listen to the whole thing.
@expatsaloud, thank you for sharing. Banks do overprice their customers, but just because regular people with limited knowledge have no idea about this kind of solutions. Spread the word. Spread it!
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