TenX bills itself as the way to use cryptocurrency to make everyday purchases. In their own words: “At TenX we work on making any blockchain asset spendable instantly.” TenX started life as OneBit, a payment card linked to a bitcoin wallet. When Bitcoin began to give up some of it’s cryptocurrency market share, the OneBit team identified an opportunity in developing an exchange platform that could open their project to this broadening market. The platform they came up with is called the COMIT network.
The COMIT Network COMIT stands for Cryptographically-secure Off-chain Multi-asset Instant Transaction network. It’s a mouthful. But when you boil it down, It’s just a way to process transactions rapidly, and across blockchain assets. So if you’ve got a customer and they want to pay you in Litecoin but you want to take payment in Bitcoin, COMIT can help.
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