Bitcoin is usually criticized for slow transaction times and there being no real use cases for it. But that isn't completely true; there <em>is</em> a way to spend your Bitcoin in the "real world", and in the future, almost <em>any</em> crypto without <em>any</em> fees. 

## That's right: <b>NO FEES!</b> Even with Bitcoin! 

And the technology is already in use, in fact, I've already tested it!

#### "What is it?" you may ask.




<center><img src="https://i.imgur.com/F5MW69k.jpg"><a href="https://steemitimages.com/DQmX25VXz9nijMoZpw8hTHSU3kEYzYSoNcxND7oxUgfRYAj/c39a72fc-848e-4302-80c8-836a35c6ef99%20(1).png"><br/>Source</a></center>

# So, what is TenX?

<br/>![tenxisgood.jpg](https://steemitimages.com/DQmYkhpMHf1t1vsbKPxpy2vyCFgjFyhCbeJPSMaPGTgCa64/tenxisgood.jpg)

TenX is a company aiming to develop a product that enables spending almost any cryptocurrency anywhere where payment with VISA is enabled.

<div class="pull-right"><center><img src="https://steemitimages.com/DQmVb8mJ6w7cG21SDLkmjRfAsjoMEM6TCFvEJmETnFsvJGz/tenxlock.jpg"><br/><sub>The pin-code is in the wallet app.</sub></center></div>

From their wallet app  (available on iOS, Android and on the Web) you can purchase the debit card for $15 in which you can deposit and spend cryptocurrencies using the card, like a regular VISA-card. (Bitcoin is the only supported currency but ETH, ERC-20 -tokens and Dash are coming soon). The card will be actived in the app after you can spend your deposited crypto in the wallet using the card like a regular VISA-card. 

<sub>I think the waitlist has now emptied so it shouldn't take no more than 2 weeks to get the card.</sub>



<b>NOTE:</b> The TenX card isn't yet available for US. citizens but it's part of their roadmap. 

In the mobile wallet app you can set spending limits and tap whether you would like to get a text or an e-mail about your transactions.

And in the case of a lost or misused card you can disable the card from the wallet app. No need to phone call like with a regular bank credit or debit cards; Neat!

<h6>There is a $10 dollar annual fee for the card - unless you spend $1000. But even converting your Bitcoin to fiat and to your bank account would probably cost the same. </h6>

# The Team

TenX's development team seems solid with 37 seven peers being listed on their website, but I have no extended knowledge of them by myself; only anecdotes from other people who might have better knowledge than me.



![tenxcommunity.jpg](https://steemitimages.com/DQmbBPYGq17uufdi1pFJtLpbEXkJsMmNP6vicgcjwKT6Tbj/tenxcommunity.jpg)


They have many social media outlets, like Twitter, Facebook and Blog wher they share updates on current news and potential issues with their product. Their Youtube channel is active with Podcasts, Q&A's and interviews Interviews, on top with Dr. Julian Hosp, one of the co-founders of TenX, who is consistently updating videos - not just about questions regarding TenX specifically - but also discussing many of the current phenomena in the industry; they might be impactful for TenX-users too.

<div class="pull-left"><center><img src="https://www.julianhosp.com/uploads/2017/08/julian-hosp-bloomberg.jpg"><a href="https://www.julianhosp.com/uploads/2017/08/julian-hosp-bloomberg.jpg"><br/><sub>Source</sub></a><br/><sub>Apparently he was interviewed in Bloomberg to discuss about the forking of Bitcoin.</sub></center></div>

Julian is a solid front man for TenX in my eyes: He is very articulate and he always backs up his views with arguments being focused on delivering a good product with an actual "real world use"; One of his videos he was a little worried with the increase of ICO's and coins that don't actually provide very much utility. He is not a hypeman pumping up their PAY-token prize, he rather aims to educate people in the wild west of cryptocurrencies. 

Talking about their coin...


   



# PAY-token

The PAY-token (ERC-20 token on Ethereum blockchain) was sold during the ICO to fund the project and the building of the ecosystem for a well functioning product.
<div class="pull-right"><img src="https://steemitimages.com/DQmZhvRXMcXWkEBch2jRMW8DatJ4bWJBgFu4GKxDYPi1TNw/tokenrewards.png"></div>


But the tokens also have an actual function in the ecosystem: From all transaction done by TenX, a incentive of 0.5% is shared proportionally to token holders. The start of payments are to be expected in early 2018 and will be payed as ETH. <b>So make sure to store your PAY-tokens to an ERC-20 supported wallet (like myetherwallet.com) to get your payments.</b> Any PAY-tokens in exchanges won't credit you with ETH.



They also give 0.1% of an individual transaction value back to the user in the form of PAY as another incentive. 

They pay you to pay with their card. "Pretty good!" No wonder they call it <em>PAY</em>-token.

#### But all this time you might've wondered how is this possible:

![0%.jpg](https://steemitimages.com/DQmRGchnGVvDzYQMMtseumBDo2nZg5epuq3zS1GUfTa8XVM/0%25.jpg)


### The answer?

<h1>COMIT network</h1>
----

<div class="pull-right"><img src="https://steemitimages.com/DQmXcH1VYPCKnweM9e3TaQE8VnxbpBoT3w1Pha2sJu61uy7/interchain.jpg"></div>

>"(Cryptographically-secure Off-chain Multi-asset Instant Transaction) is a protocol where every blockchain is connected. It is an off-chain transaction protocol that allows the blockchain ecosystem to scale even further and be more inclusive."

COMIT is the beast behind the scenes enabling all the awesomeness of instant and free transaction by creating a network of connected blockchains. It is the <em>Internet of Blockchains</em>, the same way that modern Web was built into a huge network of <em>Intranets</em> by using the TCP/IP protocol.

I'm not getting very detailed with COMIT because the Whitepaper is <em>highly</em> technical (didn't even understand half of it) but the basic principle is simple: Connecting blockchains. 

This really could be revolutionary for the industry as a whole, not just TenX!



# Roadmap



<div class="pull-right"><img src="https://steemitimages.com/DQmZhHjp5iRtG3oMA6J7ijuoKWJYW8SGDDuGj9qejyniMcq/roadmap.jpg">

Looking at TenX roadmap we can see they will be continuously developing the COMIT network all the way...

![thendgoal.jpg](https://steemitimages.com/DQmS9TEhp823bW1Nkv5Y8p4WqksNA5vDv5ABa2w7VjqTg74/thendgoal.jpg)



to the end goal of <b>connecting the banking systemwith blockchain by 2020. </b>



So, by my understanding it means that in the future you can deposit and store cryptocurrency <b>and</b> fiat in the TenX wallet, and potentially exchange funds between them.

I think that integrating the existing banking system (that has likely also adopted blockchain technology) and integrating it with the crypto world is an excellent idea because even though I'd also rather see a world of crypto, the existing fiat system won't get replaced with a revolution; Not all people want to jump head first into only cryptocurrency. But having both systems side-by-side with the convenience of a familiar payment method, it enables even the more conservative people to experiment with crypto safely, from some currency already existing or not invented yet.  







# The Problem?

The obvious problem at the moment is the crazy volatility of markets which isn't ideal: Nobody wants to live in a world where losing 20% of one's wealth overnight is a real possibility. But I believe in the future, when the still relatively small markets will stabilize, a valid currency for every day spending will emerge. 

<b>But when shifting away from stable fiat, it's completely another story;</b> There has been a boom in Zimbabwe and Venezuela on Bitcoin because of the hyperinfaltion of their local currencies. I think TenX has HUGE potential if and when it gets its product in such countries where the risk of volatility is worth over the decreasing value of local fiat currency.


<center><h1>~</h1></center>
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<center>What do you think about TenX?</center>
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### <center>Share me your thoughts.</center>

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*Obviously I'm little biased with the review as a TenX-card and some PAY-token hodler, so do your own research also before investing:*

# Websites:

- ### [TenX](https://www.tenx.tech/index.html), from where all the pictures are taken as screenshots, exluding the sourced ones.

- ### [COMIT](http://www.comit.network/)

# Whitepapers: 

- ### [TenX](https://www.tenx.tech/whitepaper/tenx_whitepaper_final.pdf) 

- ### [COMIT](http://www.comit.network/doc/COMIT%20white%20paper%20v1.0.2.pdf)

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### My first purchase with TenX?

Find out from [HERE](https://steemit.com/tenx/@celestal/bought-beer-with-bitcoin-the-future-is-here)
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![whatwithbitcoin..jpg](https://steemitimages.com/DQmZqAzJGz9z3esem8SW5TgWpM4hjV2GWqgg9JHHiuC1YGK/whatwithbitcoin..jpg)

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## *But personally, I like what I see and I'm excited to see the future of TenX and the technology behind it!*