Paypolitan is expected to provide TenX users a product that will seamlessly satisfy their needs.
According to industry sources, the Estonian fintech Paypolitan (Paypolitan.io) is planning a takeover of Singaporean fintech TenX. TenX, once a shooting star in the crypto world, raised USD 80 million through an ICO in 2017 and reached a market cap of over USD 500 million in early 2018. After losing the Visa card supplier Wavecrest, 200 000 TenX clients got their cards blocked overnight. Beginning 2019, the trouble continued, when CEO Julian Hosp stepped down as a CEO after liquidating a huge bundle of TenX tokens.