PAY, the token created by digital wallet and payment card company TenX, has continued to surge across exchanges this over the past week, and is now up more than 170% over the past 7 days.
The most recent surge in prices for the PAY token comes after reports last week that TenX has finally been able to roll out working payment cards to the first customers in Singapore. During a livestream last week, co-founder & CEO of TenX, Toby Hoenisch, announced the news by saying “As of today, we have our cards live.” However, he refused to say how many cards have been sold, arguing that “this is critical information, after all, our competitors are watching.” I guess the biggest question is whether this is just a hype or the real deal.
PAY saw its largest price gain this past Saturday and Sunday, when the token surged close to 30% both days.
Earlier in January, TenX went through a turbulent period when co-founder and president of the company, Julian Hosp, unexpectedly announced in a video that he was stepping down as president. It is still not known what exactly caused Hosp to step down, but Toby Hoenisch has confirmed that the ex-president remains a shareholder of the company.
Because of the unexpected departure from the company, speculation has been mounting in social media as to what the reason could be. Hosp himself has denied commenting on these speculations, and is according to his personal assistant “currently offline.”
More on TenX
TenX is a digital wallet and physical card that you can use to spend cryptocurrency at any store – even if they don’t accept crypto.
You may have noticed that you’ve accumulated all of these coins but don’t have many places available to spend them. Besides Overstock and maybe a shop or two around town, your options are pretty limited.
TenX is on a mission to change that.