Buying tokens in app with fiat
Since tenx cards are prepaid, maybe we could actually prepay the card.
We could use this fiat on card to buy tokens. Each card has it’s own account number.
Since you can do moneyback on card at shop, for example when you ask for refund in shop for buying faulty product.
In app you could move those prepaid cash on card to wallet app, or just use cash directly from card’s account to buy tokens. It would be very good to be able to buy PAY tokens, and maybe BTC.
How it might work:
Rate could be somehow semifixed i mean like buy order from market - without ordersbook.
Like you see current rate:
Current PAY price is 0.31 SGD
Your card has fiat: 120SGD
You can buy: 387,09 PAY
How much PAY would you like to buy (option for amount of PAY, or amount of Fiat to be used).
Sure you can add some way of exchanging PAY/BTC and BTC/PAY at some rate that would be awesome as well.
We could have whole orderbooks and trading and stoplosses etc that would be nice. But I think what is needed is some way to buy Tokens(BTC, PAY), without registering in other exchanges, doing some troublesome KYC, transferring cash there, buying tokens, paying fees to other exchanges, paying withdrawal fees to other exchanges, worrying about trust issues in other exchanges etc etc.
I would be very convenient to be able to buy PAY and BTC.