The Halving (sometimes referred to as “the Halvening”) is the predetermined moment when Bitcoin’s block subsidy gets cut in half. The halving of Bitcoin’s block subsidy occurs every 210,000 blocks (approximately every four years) and is a key feature of Bitcoin.
Bitcoin Magazine presents non-stop coverage of Bitcoin’s third Halving with hours of commentary and analysis from Bitcoin 2020 speakers and some of our closest friends.
Ring in the new bitcoin halving cycle the right way: with us!
This is a sponsored article provided by TenX.
Ever since it was introduced in Satoshi Nakamoto’s 2008 white paper, bitcoin has had yearning potential to be used regularly around the world for everyday purchases. It has built-in capability to make purchases faster, more secure and more convenient, but a lack of widespread infrastructure and adoption have stood in the way of this vision becoming a reality.
Enter TenX, a Singapore-based blockchain company built to allow users to convert their bitcoin to fiat instantly, wherever they choose to leverage it. With its payment system in place, TenX is helping to realize bitcoin’s greatest potential.
Building the Bridge to Bitcoin
Through a payment system that includes the mobile TenX Wallet app, which can be funded with bitcoin and other cryptocurrencies, and the TenX Visa Card, which is useable at more than 54 million merchant locations across nearly 200 countries, TenX is granting users the ability to make everyday purchases and withdraw fiat using bitcoin.
When users leverage the TenX Visa Card, merchants receive payment in fiat currency, ensuring a seamless transaction that benefits both sides. This conversion is conducted automatically and instantly, so, as far as Bitcoiners are concerned, they’re purchasing cups of coffee (or anything else, for that matter) using BTC — a momentous advance in useability for the original cryptocurrency and the dream of many long-standing Bitcoiners.
Not only are such services making it considerably easier for Bitcoiners to live their lives using the currency of their choice, but they’re also creating an effective new onboarding pipeline for new users.
“We noticed that there are many potential customers who are intimidated about getting into crypto, even though they are curious about the space,” said Toby Hoenisch, CEO and co-founder at TenX. “Part of TenX’s mission is to transition the world to being able to access crypto in an easy and safe way and to help users feel comfortable about their journey into the space.”
Convenience, With Security Protection
Though it is working to make investment in and frequent use of bitcoin vastly more convenient, TenX is maintaining a core tenet of the technology: security.
TenX adheres to the rigorous security standards imposed by the Payment Card Industry Security Standards Council (PCI), ensuring any data transmitted through card processing transactions is protected. The TenX Visa Card has an added layer of real-time fraud prevention and security verified by Visa to prevent unauthorized use online.
Users can instantly lock their cards through the TenX app, leverage facial recognition and fingerprint unlock features on supported devices and the app automatically makes over-the-air updates to its most secure available version. Two-factor authentication (2FA) is enforced for all TenX users.
A Special Promotion in Trying Times
TenX and Bitcoin Magazine have partnered to give our readers and community members in card-live countries a free TenX Visa Card. In a time of unprecedented economic uncertainty, paying through contactless methods and the continued adoption of bitcoin could introduce new options and levels of security to users around the world.
These cards will be valid in the Asia Pacific region and in Germany and Austria. The promotion will run for four weeks, from April 28, 2020 to May 31, 2020.
To learn more, visit TenX’s homepage and download the TenX Wallet app. For your free card, utilize the code pictured below.