Earlier in the week, uncertainty arose following a statement from Xapo crypto debit card company on their blog stating that all their cards issued to users outside of Europe would stop working due to new October regulations from Visa.
This caused much FUD in the crypto scene with many other crypto debit card providers being affected.
TenX Pay however has publicly stated in many previous videos and communications that their current card issuers were temporary and new cards would be issued when planned changes came to fruition.
This appears to give them a head start in the process of switching to new deals that are not affected by the regulatory changes and TenX states that these deals will be in place before the end of Q3.
The future is looking very promising for TenX and also PAY token holders, who will receive a 0.5% REWARD in ETH of all the transactions performed using TenX debit cards.
Tokens held on exchanges are to be excluded from the rewards payments, as are tokens held by TenX for plans set out in their whitepaper, further adding to the credibility of this project.
$PAY is listed on Bittrex and shot up in price following their recent ICO and has been at a stable $3.50 or thereabouts since.
Today the price of $PAY is increasing following the news.
Dr. Julian Hosp of TenX gave the following video statement today.
