TenX officially releases ability to spend Ether directly through a debit card

TenX, a COMIT (Cryptographically-secure Off-chain Multi-asset Instant Transaction network) compatible wallet, making global payments as cheap, fast and easy as sending a text message just released their long-awaited spendable Ether (ETH) feature by card, becoming the world’s first company to offer this.

Now users can fund their TenX card directly with ETH, no fiat needed Customers can keep your funds in ETH. TenX DOES NOT convert them into fiat. This way users benefit from a potential price increase of ETH. TenX only converts ETH to fiat in the very moment of transaction.

At the moment, this feature is only available for Android users in Singapore, however, the company noted it is releasing the web app and iOS version soon and will also expand globally step by step.

TenX is a Singapore-based FinTech company, supported by PayPal, focused on connecting private and public blockchains to a single large network called COMIT and thereby making any payment easier than sending a text message.

Founded in mid-2015, TenX chose Singapore (SG) as its main base. These were the thought processes the company considered:

The company is soon to launch an ICO, with no specific date yet announced.