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Singapore startup counts on Visa to take Bitcoin into real world

Bloomberg Published on Mon, Jul 24, 2017 / 9:49 AM GMT+8

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SINGAPORE (July 24): A recurring challenge for bitcoin and other cryptocurrencies is how to make them work in the real world. A Singapore-based startup says the answer is its Visa card.

TenX is pitching its debit card as an instant converter of multiple digital currencies into fiat money: the dollars, yen and euros that power most everyday commerce. The company said it takes a 2% cut from each transaction, which are limited to US$2,000 ($2,725) a year, and has received orders for more than 10,000 cards.

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