What Is TenX (PAY)?

What Is TenX (PAY)? Complete Guide Review About TenX.

What Is TenX (PAY)?

TenX was founded by Toby Hoenisch and Paul Kittiwongsunthorn in 2015. The two co-founders met in Japan at a crypto meetup and went on to found one of the world’s leading global fintech companies today – according to KPMG’s Fintech 2018 report. Michael Sperk joined Toby and Paul soon after, as the third co-founder to complete the initial founding team. After winning first prize at the DBS Blockchain Hackathon in 2015, they used the prize money as initial capital to fund the business.

By 2016 they were incubated in the PayPal Innovation Lab as part of it’s inaugural batch and shortly after received additional seed funding from angel investors Danny Toe and Steven Liew in Singapore. Toby and Paul worked hard on building their product from scratch – a card that would let you spend your cryptocurrencies in real-time. TenX grew in popularity and saw USD $80 million in funding at their sole ICO. Ten is not just a card that lets you spend crypto.

The company aims to be the bridge that will transition the world from old money to a future with Programmable Money, which gives people full control, whilst educating and protecting customers along the way. The existing payment system consists of the Wallet that can be funded with different cryptocurrencies (available on iOS and Android) and the TenX Card, which can be used in almost 200 countries at over 42 million VISA points of acceptance online and offline.

USDJ Storage Key Points

Coin BasicInformation
Coin NameUSDJ
Short NamePAY
Circulating Supply205,218,255.95 PAY
Total Supply205,218,256
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Official Project WebsiteClick Here To Visit Project Website


When blockchains power financial networks and all money becomes digital, it will not matter where a person lives, they will have equal access to the global economy. It will not matter what currency or assets they want to send someone, they will be able to. Whether they sit across the table or in another country, they will be able to access a world without borders. This will be possible, because with complete control over their money, entrepreneurs everywhere will be able to create new services and will overhaul existing outdated financial infrastructure.

This will give birth to a truly global, digital economy that is accessible by all, with programmability at its core. TenX will see rapid innovation bring down prices, the same way rapid innovation came about when people got connected to the internet. Not only will the money of the future be truly digital, it will also be programmable.


The TenX Wallet allows you to hold, send, and receive cryptocurrencies such as Bitcoin, Ether, and Litecoin, and the Card allows you to spend supported cryptocurrencies at over 42 million points of acceptance globally. They believe that spending crypto should be simple. Users just need to top Wallet app with Bitcoin and Ether, and spend seamlessly with their Ten Card. The Ecosystem also includes the PAY Utility Token and the Rewards Token, both of which are ERC-20 tokens built on the Ethereum blockchain.

The Opportunity for TenX

TenX believe that Programmable Money is on the brink of mass adoption. According to the last published Global Findex Database in 2017, there were 1.7 billion adults that still remained unbanked. In 2014 that number was 2 billion. The key reasons for Programmable Money being on the brink of mass adoption are that people either don’t have access to basic banking services or that they face problems with the existing banking in their market, for example, costly FX rates, issues with savings and investments or even just basic transaction fees. This problem differs market-to-market and the spectrum of impact is vast.

Programmable Money

Programmable Money, also known as cryptocurrencies or New Money, solves the problems stated above by giving people full ownership and control as well as allowing them access to this money anytime, anywhere, and in a border less manner. With its programmable nature, it is already used as a base for innovation and allows to build a global economy that is truly inclusive by being built on top of money that has no borders. It does not come with ownership, as it always requires an intermediary to manage the money on the customers behalf and this impacts day-to-day efficiency as well as potential for this type of money.