BABB doesn't have a banking license yet, so TenX may have a bit of an advantage for the time being, as they already have the liquidity to move things along fairly quickly. BABB looks like a pretty solid project, but new competition doesn't mean the death of the incumbent. Competition drives innovation, so either way, I see this as a good development. There's room for more than one crypto bank/card services provider.
If Tenx can't even roll out ETH correctly, do you have confidence in them in term of obtaining banking license? Most likely, they will NOT have the banking license in Q2, I don't think they are going to have it this year
I dont like to hear this TBH.
Thinking about it I would be skeptical that they would be issued a
banking license at a time when we see the two CC players Visa and
Mastercard applying fees for crypto purchases.
https://themerkle.com/visa-and-mastercard-now-charge-an-additional-fee-for-buying-cryptocurrency/Did anyone maybe hear which card issuer will be issuing replacement cards in the meanwhile?
There is none, that is why they are applying for their own banking license.