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Singapore start-up takes bitcoin into real world with Visa

TenX currently processes about $100,000 of transactions a month

Krystal Chia & Sterling Wong | Bloomberg 

A recurring challenge for bitcoin and other cryptocurrencies is how to make them work in the real world. A Singapore-based start-up says the answer is its Visa card. TenX is pitching its debit card as an instant converter of multiple digital currencies into fiat money: The dollars, yen and euros that power most everyday commerce. The company said it takes a two per cent cut from each transaction and has received orders for more than 10,000 cards. While transactions are capped at $2,000 a year, users can apply to increase the limit if they undergo identify verification ...

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First Published: Tue, July 25 2017. 01:33 IST