TenX Partners With a New Card Issuer

Julian Hosp, co-founder of TenX, revealed that TenX has partnered with a new card issuer aiming to release one million new cards within 2018
30 January 2018   737

TenX is designed to connect blockchain assets to real world payment platforms with its app, the TenX card and the forthcoming banking licence.

Julian Hosp, the co-founder of TenX, has stated in his speech regarding TenX card situation on January 27, that TenX has a new partnership with a major card issuer. As for now, TenX company can not reveal the name of the card provider due to a non-disclosure agreement.

So what does this mean to us this year? It means that we actually have a very good relationship with a new card issuer. I can't tell you the name. We have a NDA [non-disclosure agreement] with them, so I am not allowed to announce the name, but we have a very good timeline with them, we have a very good relationship. I just met them in Europe, and we have regular meeting here in Singapore with them. They are a really large respected company. And the fantastic thing about this is that they really want to do it legit. They don't want to take any shortcuts. With Wave Crest it has always been a bit on the edge.

Julian Hosp

Co-founder, TenX

Moreover, the co-gounder of TenX stated that the company wants to leave a solid foundation, and with the new card issuer partner it is going to be possible. TenX has a timeline and plans to issue cards within the first quarter of 2018, focusing on Asia and, particularly, people who travel, as it is easy tp use cryptocurrency to, for example, avoid Forex fees.

In a partnership with a new card issuer, TenX aims to issue a million cards until the end of 2018.

At the moment of press, these are main market parameters of TenX token:

Average price: $2,43
Marketcap: $253 885 313
24h volume: $9 856 080

Fidelity Investments to Launch BTC & ETH Platform

New platform is designed for institutional investors
16 October 2018   121

One of the world's largest asset managers, Fidelity Investments, announced the launch of a unit focused on providing institutional investors with Bitcoin and Ethereum services. The Forbes reports.

The new division received the name Fidelity Digital Assets and, possessing a staff of 100 employees, will provide a platform for trading cryptocurrencies and consulting services 24/7.

The platform already has first customers, but its launch for a wider range of investors is scheduled for the beginning of 2019.

This is a recognition that there is institutional demand for these assets as a class. Family offices, hedge funds, other sophisticated investors are starting to think seriously about this space.

Tom Jessop

Founding head, Fidelity Digital Assets

In particular, Fidelity Digital Assets will offer a transaction service that, using internal cross-connect and order routers, will trade through third-party liquidity providers.

One of the most popular offers by the company can also be a service for storing Bitcoin and other cryptocurrencies. It is physical storage, distributed in different geographical locations and offering the so-called "cold" storage of digital assets. This way of storing cryptocurrencies without access to the Internet and with a multi-level control system is considered to be one of the safest and most resistant to hacking today.

As the CEO of Fidelity Investments, Abigail Johnson, said, the goal of the new platform is to make digital assets like Bitcoin more accessible to investors.

Fidelity Investments is considered the fifth largest asset manager in the world, offering investment and custody services to 13,000 consulting firms and brokers. In total, the company manages assets worth $ 7.2 trillion.