What is TenX? TenX Pte. Ltd. is a Singapore based company with strong industry support having graduated from the PayPal startupShow more [+] incubation program. The team also won first place at the DBS Blockchain Hackathon as OmniChain.
TenX card is a multi-blockchain debit card tied to a mobile wallet that allows users to spend their crypto-assets anywhere in the world, online and offline, without incurring forex or transaction fees. In mid 2017 beta testing was successfully completed with 1,000 users in Singapore as well as further beta testers in all major countries. Today they have thousands of users worldwide, and more users are onboarding daily.
Furthermore, TenX is developing COMIT in parallel for use on their backend. The Cryptographically-secure Off-chain Multi-asset Instant Transaction (or COMIT) network will leverage Hashed Time Lock Contracts, Payment channels, and Liquidity Providers to create a decentralised network of cross-chain asset conversion.