If you are a holder of TenX prepaid VISA cards, you should know that Wave Crest Holdings Ltd. (European card issuer for TenX) received direction from Visa® to to stop payments of all prepaid Visa® debit card programs effective immediately.
It remains unclear as to why this happened. Is VISA partnering with Ripple network as some speculate (https://keepingstock.net/opinion-ripples-price-with-visa-or-mastercard-integration-6e723f7936d5) or just trying to prevent crypto-currencies from being adopted or is there other reason for VISA to pressure Wave Crest Holdings Ltd.
Be it as it may, the decision has been made and at the time being the cards are useless and that might have a negative impact on TenX PAY token price.
Bellow is official TenX notification
Important Notice
Dear TenX users,
On 4 Jan 2018, our European card issuer — Wave Crest Holdings Ltd. — received direction from Visa® to to stop payments of all prepaid Visa® debit card programs effective immediately, which our current TenX Card program falls under.
We would love to give you an update as to what this means for you as a cardholder or as someone who has ordered a card. Please watch this video by our Cofounder and President Julian Hosp.
Rest assured that all your funds are safe and this will not affect any of TenX’s mid and long term roadmap.
Kind regards,
TenX Support