Published On: Sat, Jun 24th, 2017

TenX ICO Raises $34 Million in 7 Minutes

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Founded in 2015 and a graduate of this year’s PayPal incubator program, Singapore-based company TenX managed to raise $34 million through their recent ICO.  
One of the major problems that cryptocurrencies face today is the liquidity for real-world usage. Only a very few cryptocurrencies have a high enough trading volume and liquidity support in order to provide such a service.
According to the TenX team, many cryptocurrency users face this problem:
Once you start getting into that environment you realize one big problem though that keeps this technology from truly breaking through: it is actually really hard to use Bitcoin or Ether in everyday life. In theory everything sounds great and nice, but if you actually want to spend them at “a real world store” it is pretty much impossible.

The TenX Solution 
TenX is a Singapore-based company a 2017 graduate of Paypal’s own incubator program. Their main goal is to create an efficient solution for the liquidity problems of many cryptocurrencies. The TenX official debit card would allow cryptocurrency users to effectively spend their blockchain assets in real-world. For example, buying coffee, food, airline tickets, clothes etc. would be much easier for cryptocurrency …

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