Ten X, creators of PAY token, have created a debit card usable all over the world with no foreign transaction fees. Previously partnered with Visa, the companies debit cards have been unavailable and unusable since January when the contract with debit card creators, Wavecrest, was terminated. Things about the cards were quiet until March 23rd when silence about the mysterious end to their debit card platform was broken. Ten X announced to its eager community that they’d have answers to their questions in the next few weeks. March 27th the team posted a follow up ‘Ask Me Anything’ hosted by Reddit where they finally discussed partnering with the Litecoin Foundation and April 11th the cat was out of the bag with Ten X announcing plans to release a “co-branded” card. Litepay TenX.
All of this uncertainty has caused quite a bit of turbulence for Ten X’s token PAY over the last few months. Looking at the charts, you can see the greatest decrease in volume the token had seen to date happened during this time and price action saw a 55% drop. While 55% might seem like a significant dip in price action, this was actually the smallest of PAY token’s 3 major corrections to date with the token holding up reasonably well, despite the communities bad news, than a number of other tokens in the market.