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Jan 17, 2019
TenX Reissues Prepaid Card, Plans for Range of Crypto Products in 2019

SINGAPORE, 17 January 2019, TenX, the Singapore-based blockchain business, best known for enabling 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 today. “We are thrilled to once again, make TenX Cards available to everyone residing in Singapore. We will also open up applications to APAC-based travellers visiting Singapore, shortly," said Toby Hoenisch, CEO and Co-Founder at TenX. Card holders 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, card holders 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.

Safety is key for 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 traveller.

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 will look into further expansion through partnerships and will seek new asset listings leveraging their strong and flexible payment infrastructure, built through 2018.

About TenX

TenX is a Singapore-based blockchain company that makes cryptocurrencies spendable on-the-go. We give people the opportunity to make everyday purchases and withdraw money using their TenX card.

The TenX payment system includes the TenX Wallet that can be funded with different cryptocurrencies (available on iOS and Android) and the TenX debit/prepaid card, which can be used in almost 200 countries at over 42 million VISA points of acceptance online and offline.

Contact

Anjali D’Mello

Head of Public Relations

M: +65 9181 2542

E: anjali.dmello@tenx.tech

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