Greetings, Crypto Nation!
Welcome to another episode of Carrie's Crypto Corner.
Today I cover...
💳TENX💳
TL;DW (Too Long; Didn't Watch)
- Currently few accept cryptocurrency payments.
- There are some intermediaries now, but the need is to get rid of the middle men.
- TENX’s goal is to provide an easy way to spend and accept cryptocurrencies around the world.
- VISA and MASTERCARD have recently began charging fees to those purchasing crypto.
- TENX has/will have NO FEES for all transaction. (Aside from possible conversion rates to other fiats.)
- TENX’s token is called PAY.
- Token holders will receive a 0.5% reward from TENX transactions.
- WAVECREST was the original card company that TENX was using. It has recently shut down all of its services.
- Because of this, currently the team is working on their OWN card issuing license AND Banking license.
- These goals lean into 2020.
- Julian, one of the co-founders, explains they are taking the time to do everything right.
- Visit their YOUTUBE channel to stay up to date : TENX YOUTUBE
Links in today's show:
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good explanation
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Thanks!
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Hodling TenX as long as it takes. TenX will be a big game changer for SENIORS entering the crypto space. My Millennial son helps me as this is all a big learning curve for me. He was not very pro TenX when I purchased, but changed his mind when I pointed out how unlikely I am to use my phone for a payment method...I pretty much use my phone for a phone. I WANT a card that I can load with various crypto and use with ease. I will be very happy when TenX is available, I would load my monthly budget on my card and switch to almost exclusive crypto use. That is my plan and my longer Hodlings are all about my kids/grandkids. May all needs be met for ALL <3
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Yes!
We would do the same thing. I like having a card that could be used ANYWHERE. It seems to make the most sense... and the easiest way to transition. Eventually crypto WILLbe fiat, so using a card (that we're already familiar with) is the logical progression. 😀
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No...don't say I have been following someone around lol.. This Tenx make me wondering... is this some kind of a new way to make an exchange with any crypto currency like instantly to any fiat currency? Thanks for the update @carriallen
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Lol! I know you're stalking me. 😎
Essentially, yes. They are trying to fill the need to SPEND crypto. All crypto. There are several companies that are doing this now (on individual crypto), but running into a lot of roadblocks. This is why TENX is looking to bypass those problems by being able to license THEIR OWN cards and eventually also have a banking license.
Because of how laws are currently in place, this seems to be the best way to work around everything.
We shall see.
I know this is more longterm compared to others promising faster outcomes, but that's kinda why I like it.
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OMG talk about fees from banks.. If I use my debit card to purchase from coinbase I get charged 3% from the bank...
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I know. It's messed up. It's like everyone wants a little piece. Jerks. 😒
I'm hoping a solution will come and be great.
I DO like the Purse.io wallet. There's a tiny fee to deposit (from whatever you deposit with), but then all purchases you get an auto 5% off. It works pretty great. Plus, with fluctuation and good timing, you can buy stuff for really great deals.
Hint: (if you get one) you can search Amazon and copy/paste the link directly into the wallet app. It's much easier than using their in app tool.
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