TenX

Founded in 2015 and gaining prominence after a successful 2017 ICO, TenX's mission was to bridge the gap between cryptocurrencies and the traditional financial world. The company developed a mobile wallet and a physical debit card that allowed users to spend various cryptocurrencies like Bitcoin, Ethereum, and Litecoin by instantly converting them to fiat currency at the point of sale. However, the company faced significant operational hurdles, including the termination of services by its card issuer WaveCrest in 2018. After several attempts to relaunch its card services, TenX announced in late 2020 that it would be discontinuing its cards and ceasing operations in its original form. The team has since pivoted to focus on decentralized finance (DeFi) through Mimo Capital.