Are u kidding? Wavecrest happened on January 5th! But not to worry Julian quickly posted a video stating there's another Card Issuing Bank that will be named in the next few weeks. Well it's almost July now and I can't remember the last Card Issuer UPDATE video.
I'm sure your thinking "but they're getting a Banking License"... That just put's them in the same boat as WaveCrest. Visa and Mastercard cooperation is still required to use their Networks.
To work around Visa/MC Networks, TenX with a Banking License could....
Issue a card that pays with crypto and has no fiat conversion at the terminal.
The crypto transaction would be transmitted to TenX.
TenX the bank would then convert to fiat and credit the Merchant who holds an account with TenX.
Workable? yeah but good luck on-boarding Merchants.
Where are Visa and Mastercard blocking crypto integration? Source or it is just FUD...
Atomic swaps are good for exchanging between cryptos and since the tenx wallet is supporting more and more cryptos, this will be great for them to do fast exchanges that can then be converted to fiat.
That's weird, I thought their mission statement was "Making Crypto Spendable" and u can't "Atomic Swap" to Fiat.
I'm an admitted Crypto-holic and have zero interest in Atomic Swaps. It's not a big Market (ask Komodo) and I highly doubt any derived revenue stream could support 200+ employees and token holder rewards.
Let's face it with Visa and MasterCard blocking any Crypto integration TenX is scrambling for a new business model.