[English Translation] Card innovations enabling use at retail stores for TenX ~ Ether

Recently, a project called Tokencard (token name: TKN) finished a record-breaking ICO (again), and the project I’m introducing now, TenX, is also an Ethereum-based debit card and wallet project. A test version is already running on Android, and I think it’s an interesting project. According to a core member, details about the ICO are not yet finalized, but they expect to have something ready around July 11.

This time, I translated into English the ETHNews article and the project overview from the official site.

TenX — Card Innovation to Enable the Use of Ether at Retail Stores

As the Ether market has surged to unprecedented heights, more and more companies are exploring ways to give consumers the flexibility they need with cryptocurrency. Among such innovations is TenX. TenX offers a debit card that can be charged with Ether and could eventually be used at up to 20 million retail stores worldwide.

TenX, a Singapore-based fintech company, aims to allow consumers to use their own Ether as cash via a card. Ether deposited onto the card is converted to fiat at the point of use, enabling consumers to hold their funds in cryptocurrency.

Dr. Julian Hosp, TenX’s Chief Visionary Officer and co-founder, appeared on the company’s regular broadcast TenX TV to feature TenX’s new development products.

"We will be the first company to actually integrate Ethereum into our own system. We are the first company to enable Ether deposits and to hold them as Ether," Hosp said.