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Ebenezar64
Member
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Activity: 210
Merit: 14
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January 31, 2018, 06:23:32 PM |
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I am tired of holding Tenx tokens now. No big news no announcement, Is there any chance to increase the price?
Next news will come in the next month or so. Then hopefully we will get a huge one in the summer when the get a banking license. Then the price will moon Any specific news that we can expect? I have long been a follower and believer in the project but it has been very quiet and still in the price action for a long while now. I know that could be the calm before the storm but why isn't there happening anything at all, has development staggered?
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c0in_junkie
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January 31, 2018, 08:23:44 PM |
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Any news about the new card issuer? I'm so sad that i can't use my card anymore
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Wekkel
Legendary
Offline
Activity: 3108
Merit: 1531
yes
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January 31, 2018, 08:46:53 PM |
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The BABB project seems more focussed on bringing basic bank services (bank account, basic account functions like transferring money) on a 1st world level to the 3rd world. Spending crypto-to-fiat like TenX is not the focus of BABB although they intend to issue basic cards for spending BABB money at supporting merchants with a BABB account. BABB is thus more about online banking mixed with crypto while TenX is primarily focussed at holding crypto while spending it like fiat. The Fintech projects are on the rise lately. Early birds like TenX, Centra and Monaco are accompanied by relative newcomers like Plutus, Bankera and BABB. OmiseGo probably also qualifies partially as worldwide banking platform in this respect. All of them are building the future infrastructure of finance. Exciting times.
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nelson4lov
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January 31, 2018, 11:01:52 PM |
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The BABB project seems more focussed on bringing basic bank services (bank account, basic account functions like transferring money) on a 1st world level to the 3rd world. Spending crypto-to-fiat like TenX is not the focus of BABB although they intend to issue basic cards for spending BABB money at supporting merchants with a BABB account. BABB is thus more about online banking mixed with crypto while TenX is primarily focussed at holding crypto while spending it like fiat. The Fintech projects are on the rise lately. Early birds like TenX, Centra and Monaco are accompanied by relative newcomers like Plutus, Bankera and BABB. OmiseGo probably also qualifies partially as worldwide banking platform in this respect. All of them are building the future infrastructure of finance. Exciting times. Some may be put outta business when the time comes because at the end of the day, It's all about the business and competitions that abound. TenX is great but It needs to start offering unique benefits other than the few percentage difference in fees.
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neoagent
Newbie
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Activity: 10
Merit: 0
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January 31, 2018, 11:18:43 PM |
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What's TENX's plan if the big Card Networks(Visa, MC, Discover and AMEX) shut down any link to crypto? I know Julian says Visa is still onboard, but are they considering the Wavecrest debacle. Are there other Networks a Merchant Card terminal can access that TENX could use? I'm keeping my PAY tokens for now but some stronger support statements directly from VISA would help.
Well at the moment there is no official information about the way, how VISA will handle crypto cards. But the shutdown of wavecrest was not because of crypto, but because of some things that went against their regulations.
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DroidR17A
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January 31, 2018, 11:47:49 PM |
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BABB doesn't have a banking license yet, so TenX may have a bit of an advantage for the time being, as they already have the liquidity to move things along fairly quickly. BABB looks like a pretty solid project, but new competition doesn't mean the death of the incumbent. Competition drives innovation, so either way, I see this as a good development. There's room for more than one crypto bank/card services provider.
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BCRDev
Newbie
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Activity: 35
Merit: 0
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February 01, 2018, 02:36:46 AM |
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tenx is a decent token, i like that back end infrastructure ideas. The execution is the only concern here.
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bitcoinbelieve
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February 01, 2018, 02:58:55 AM |
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I strongly discourage new people investing into "payment processor" coins b/c the future is very uncertain due to different types of laws in each country. This will kill the progress of the coin and by the time they resolve the problem, they will be forgotten by the community, like Tenx. This type of coin is really similar to security and they going to have tons of problems with the government.
For regarding with Tenx, they should of shift away from cards thing and focus on COMIT from the start but that didn't happen. They just wasted away 6 months of advantage they had over their competition and they have fallen behind. Tenx is NOT that focus, that is why it drop from top 30 to lows 90's. This should tell you something about the company.
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bitcoinbelieve
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February 01, 2018, 03:01:15 AM |
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BABB doesn't have a banking license yet, so TenX may have a bit of an advantage for the time being, as they already have the liquidity to move things along fairly quickly. BABB looks like a pretty solid project, but new competition doesn't mean the death of the incumbent. Competition drives innovation, so either way, I see this as a good development. There's room for more than one crypto bank/card services provider.
If Tenx can't even roll out ETH correctly, do you have confidence in them in term of obtaining banking license? Most likely, they will NOT have the banking license in Q2, I don't think they are going to have it this year
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bitcoinbelieve
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February 01, 2018, 03:03:43 AM |
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tenx is a decent token, i like that back end infrastructure ideas. The execution is the only concern here.
Tenx is NOT decent token, ask ICO investor or early buyers for their opinion. They will tell you that this was biggest mistake to invest in the first place.
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mano237
Member
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Activity: 168
Merit: 10
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February 01, 2018, 07:25:49 AM |
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If I use TenX and I deposit bitcoins to my debit card Account for which I have to pay taxes.(Because I bought them <1 year, in Germany its tax free for holding longer than 1 year)
So I still have to mentioned it in my tax return and pay taxes for the amount, right? Just to be sure that it is legally correct... I am from germany.
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DragonETH
Sr. Member
Offline
Activity: 588
Merit: 250
https://www.projecton.pro/
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February 02, 2018, 09:18:14 AM |
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BABB doesn't have a banking license yet, so TenX may have a bit of an advantage for the time being, as they already have the liquidity to move things along fairly quickly. BABB looks like a pretty solid project, but new competition doesn't mean the death of the incumbent. Competition drives innovation, so either way, I see this as a good development. There's room for more than one crypto bank/card services provider.
If Tenx can't even roll out ETH correctly, do you have confidence in them in term of obtaining banking license? Most likely, they will NOT have the banking license in Q2, I don't think they are going to have it this year not sure about their intentions to find a Bank, so much silence on this issue that maybe it's not available at present.
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sebr1ng
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February 02, 2018, 10:02:03 AM |
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Did anyone maybe hear which card issuer will be issuing replacement cards in the meanwhile?
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aoluain
Legendary
Offline
Activity: 2394
Merit: 1344
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February 02, 2018, 10:12:02 AM |
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BABB doesn't have a banking license yet, so TenX may have a bit of an advantage for the time being, as they already have the liquidity to move things along fairly quickly. BABB looks like a pretty solid project, but new competition doesn't mean the death of the incumbent. Competition drives innovation, so either way, I see this as a good development. There's room for more than one crypto bank/card services provider.
If Tenx can't even roll out ETH correctly, do you have confidence in them in term of obtaining banking license? Most likely, they will NOT have the banking license in Q2, I don't think they are going to have it this year I dont like to hear this TBH. Thinking about it I would be skeptical that they would be issued a banking license at a time when we see the two CC players Visa and Mastercard applying fees for crypto purchases. https://themerkle.com/visa-and-mastercard-now-charge-an-additional-fee-for-buying-cryptocurrency/Did anyone maybe hear which card issuer will be issuing replacement cards in the meanwhile?
There is none, that is why they are applying for their own banking license.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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codemanX
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February 02, 2018, 11:02:28 AM |
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Did anyone maybe hear which card issuer will be issuing replacement cards in the meanwhile?
There is none, that is why they are applying for their own banking license. Sure there is one, that's the next step! They were working since many months on this new issuer, Julian confirmed already that the contract is signed but they are not allowed to say which issuer it will be. It should not take much time until the announcement. Banking License will take much more time.
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Deltadollar
Member
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Activity: 120
Merit: 10
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February 02, 2018, 01:28:02 PM |
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There is a lot of talk on the Monaco slack is saying the “uppercut” is coming and will destroy tenx. I can’t imagine the price any lower it already hit $1.60 is it possible we can drop to penny’s?
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eumelpeter
Jr. Member
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Activity: 37
Merit: 5
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February 02, 2018, 07:33:15 PM |
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Yes for sure. Why i think so? Because actually the Pay-Token is useless and has no value. Consider the words of Julian. At some point, the price of a coin reaches its real value. In the logic of Julian, the price of the PAY Token will be zero. And just think about the "rewards". The rewards depends on the cash flow of the credit card. Today there are no working cards that means no chance for rewards in no way. And there is still the uncertainty if there will be ever "rewards" or whatever. Last year i bought PAY tokens, because of the nice idea of passive income if you have a hugh amount of token. I dont want to speak bad about TenX, but so far it was the worst investment last year ( i am still holding a hugh amount and never sold any token). Nearly every coin independent of "good coin" or "shitcoin" outperforms TenX... I really hope they will be successful this year.
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sea_slug
Newbie
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Activity: 8
Merit: 0
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February 02, 2018, 08:55:17 PM |
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Yes for sure. Why i think so? Because actually the Pay-Token is useless and has no value. Consider the words of Julian. At some point, the price of a coin reaches its real value. In the logic of Julian, the price of the PAY Token will be zero. And just think about the "rewards". The rewards depends on the cash flow of the credit card. Today there are no working cards that means no chance for rewards in no way. And there is still the uncertainty if there will be ever "rewards" or whatever. Last year i bought PAY tokens, because of the nice idea of passive income if you have a hugh amount of token. I dont want to speak bad about TenX, but so far it was the worst investment last year ( i am still holding a hugh amount and never sold any token). Nearly every coin independent of "good coin" or "shitcoin" outperforms TenX... I really hope they will be successful this year.
I feel for you bro. I'm holding on a lot of pay token aswell. I wish I should have sold early January. But one good thing is that the EU cards should be delivering by the end of this quarter. I strongly believe that the token structure will be presented along side the release of the EU cards. The release of the token structure will be a perfect opportunity to incentive new users, who are new to crypto, to use the TenX cards.
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