TenX and Litecoin foundation announced a partnership and are collaborating to launch a co-branded debit card.
They also added Litecoin (LTC) to TenX Mobile Wallet for both iOS and Android.
The TenX payment system includes TenX Mobile Wallet (available on iOS and Android) that can be funded with different virtual currencies and TenX debit card, which can be used in almost 200 countries at over 36 million points of acceptance online and offline.
Litecoin was created in 2011 by Charlie Lee an ex-Google employee who had the vision to create a lighter version of Bitcoin.
Litecoin is a transaction-friendly cryptocurrency that is commonly thought of as the “silver” to Bitcoin’s gold. Litecoin has some key technical differences to Bitcoin that make it the premier cryptocurrency for payments, namely its faster transaction speeds and cheaper fees.
“Litecoin was integrated a little over a week ago without an immediate announcement, which allowed for a slower adoption rate while we are finalising live testing. Going forward this will be our process for new coin integrations to ensure both stability and wide availability.”
said Dr. Julian Hosp, Co-Founder & President of TenX
TenX is collaborating with Litecoin Foundation, a Singapore-based non-profit organization, which mission is to advance Litecoin for the good of society by developing and promoting state-of-the-art blockchain technologies.
“We hope to become the preferred payment platform for fans and owners of Litecoin, and cannot wait to see them use our wallet and join the revolution!”
added Dr. Hosp.
“A TenX Litecoin debit card makes it easy for people to spend Litecoins. And it’s a great stepping stone towards paying with Litecoin directly.”
said Charlie Lee, the creator of Litecoin.
Litecoin is the 3rd most popular coin in America, according to a survey among 1000 millennial in America. This partnership could help Litecoin get mass adoption and TenX one of the leading cryptocurrencies payment systems.