TENX is a blockchain payment platform where you can pay merchants even if they don’t accept payment in Bitcoin or other cryptocurrencies. The company basically want to create an avenue where users can freely spend their cryptocurrencies during their day to day activities.
TENX began operation as OneBit, a service which linked a user’s card to a bitcoin wallet before expanding and rebranding to TENX. This platform is basically made up of a cryptocurrency wallet-available in iOS, Android and desktop versions available, a legally recognized KYC based bank account and a payment card all of them ride on top of what TENX’s COMIT network.
COMIT stands for Cryptographically-secure Off-chain Multi-asset Instant Transaction network and it works is to analyze TENX’s Liquidity Providers network and identify the fastest and cheapest route over which a transaction can pass through. In real sense, it runs TENX’s routing protocols.
Founder(s): Toby Hoenisch, Dr. Julian Hosp, Michael Sperk, and Paul Kitti
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