MONACO: The Cryptocurrency Visa Card for BTC and ETH
Monaco is one of the most exciting new projects in the cryptocurrency scene. It's a debit card that can be funded with Bitcoin or Ethereum!
But there is also a Monaco app, where users can top up their card, exchange money, or send money to other Monaco App users.
It's a revolutionary new system that makes cryptocurrencies much more attractive to use in real life.
After 1 year of development, the MONACO Card and App held their ICO in may this year.
They reached the target within 90 minutes only, and raised over $3 million in just 3 days!
What is the Monaco Visa Card & App?
“The Monaco VISA® Card & App gives users the ability to spend, send and exchange money at perfect interbank exchange rates, saving them EUR30-40 on every EUR500 equivalent spent. We’re doubling down on this strategy to increase the level of savings they can achieve even further by announcing the world’s first Cryptocurrency Cashback rewards program.”-Kris Marszalek, Founder of Monaco Technology
The Visa Card can be topped up with BTC or ETH.
The Monaco App also offers free transfers between 23 currencies with "perfect interbank exchange rates."
Monaco App users also have the option to send free transfers to other monaco users, which will be credited instantly. The receiver will instantly be able to spend the funds with his card.
The card launch is scheduled for 31 August 2017.
Cashback program
The Monaco Visa Card offers the world's first cashback program for any cryptocurrency credit card service.
After the transaction was completed, the card holder will instantly get up to 10% of the transaction value returned to his Monaco App wallet.
That credit will be in the cryptocurrency of Monaco Technology: "MCO".
MCO tokens can easily be exchanged to BTC, ETH, USD, EUR, and other fiat currencies.
"Combining perfect interbank exchange rates and instant cashback could potentially bring the savings on a single transaction to 15-18% for our customers. It’s simply unheard of. The credit for the idea belongs entirely to the Monaco user community. We’re listening to what our users want in the product and executing at a rapid pace. If there’s a merchant you would like to see participating in the program, please join our Slack channel at slack.Mona.co, where users are currently contributing and voting on a list of merchants to bring to the Monaco platform.” -Kris Marszalek, Founder of Monaco Technology
Black Monaco Visa Card
There will be a limited edition black Monaco Visa Card - "to acknowledge and reward the early supporters."
This special edition will offer lifetime "unlimited perfect interbank exchange rates and triple free monthly ATM withdrawal limits".
And of course, the exclusive black design.
The cards with the numbers 001 to 999 will be given to those who participated in the ICO.
The black cards from 001 to 499 will be issued to the top ETH token contributors.
The rest of the black cards, 500 to 999, will be assigned to those who contributed the fastest.
We were astounded to see that the Black Card #001 fetched over $250,000 in what appears to be a bidding war. It’s unbelievable!
-Kris Marszalek, Founder of Monaco Technology
More Details
- Website: www.mona.co
- Whitepaper
- Blockchain: Ethereum
- Consensus: Proof of work
- Emission rate: No new coins created
- Token supply: Proportional to raise amount
What is your opinion about Monaco - would you use a BTC/ETH Visa Card?
© Sirwinchester
hmm this post makes me doubt my decision I didnt got into their ICO.
They should have hired you
Hahaha thank you 😁
let's see what will happen once MCO hits the exchange platforms!
When will be available?
This Kris will change the way we see Debit Cards... I already got mine, why shouldnt we all get one????
http://get.mona.co/IVWT/nVe...
I mean if you get the Monaco Crypto Debit Visa Card you earn up to 2% CashBack on each Purchase and you are Insured :-)
http://get.mona.co/IVWT/nVe...
Best is that you can earn up to 10$ REWARDS on each sing on!!!
FOR ALL FUD -> ITS REAL -> NO SCAM :-P
This is why will we need a Steem card in the near future. Monaco seem like an ambitious project and I will be looking forward to getting one of those, current fees are unsustainable and unfair.
You're right, a steem visa card would be awesome! 😬
it will be better when we can have cards without using Visa and maligned corps/banks. can't wait until they crash and burn their debt-based business model. then truly liberating cryptocurrency solutions will be able to rise from the ruins.
I wanted to ask you if you have one
or have used it
I wonder if its safe
if it's proven to be safe - why not
comes in handy
but yes that Steem visa card - let it come true!
The card isn't actually out yet, it will launch at the end of August this year. But I'm sure it will be safe and very convenient to use.
i hope so fam
It would be. you could use the credit gained on the social network for interactions and spend it in real world. boom!
A steem card would be so cool~
One day there will be one. Steemit is a baby. Lots to come in the future.
We need a true crypto debit card that doesn't penalize you with monthly or miscellaneous fees. The only transaction fees should be when withdrawing from an ATM into a fiat currency.
Such a wonderful idea. I'm sure sharp minds are already way ahead of us and making the code as we speak. As for guys like me that have no coding skills, i'll eagerly anticipate that and will contribute accordingly.
This Kris will change the way we see Debit Cards... I already got mine, why shouldnt we all get one????
http://get.mona.co/IVWT/nVe...
I mean if you get the Monaco Crypto Debit Visa Card you earn up to 2% CashBack on each Purchase and you are Insured :-)
http://get.mona.co/IVWT/nVe...
Best is that you can earn up to 10$ REWARDS on each sing on!!!
FOR ALL FUD -> ITS REAL -> NO SCAM :-P :-P
I got in on this ICO. The founders came from the Fintech world and seem to know what they are doing.
Same, I put some ETH (going down now btw... ETC will raise)
Looks promising, but their business model seems a bit light (ROI on the card uses are low, probably too low for banks, so it may prevent them from striking big deals with the finance institutions. But do they need it ?
Hmm, good point. I don't know, let's see how this will turn out
Yes I personally think this project has a lot of potential. You probably made a good investment.
Not only that, but they're improving upon a proven model: Wirex et al.
I have invested in this ICO as well. Now that the ICO sale is over I have no heard anything from them in regards to redeeming my MONA tokens. This is the one and only ICO I have invested in and am not sure what the procedure is as they have little to information about the process after ICO sale completion on their website. If anyone could shine some light into this I would greatly appreciate it.
Okay, nvm lol. I figured out that they deposit the MCO coins back into the wallet you used to send them ETH with.
I wanted to get in on the ICO, but it didn't pass the smell test for me, perhaps I'll look at it again once it has gain a bigger adoption. It looks better than Bitpay, so that is a plus for me.
The Cyptoverse interviewed the founder and he held himself well.
meep
Hmm, yes let's see how this will develop in the future and you'll still be able to invest again later on
I hate to carry around multiple cards.... I want a single single card for all my crypto.. it should have the option to choose which crypto to use to pay..
You're looking for TenX, then.
Yes, it would be even better if there would be more cryptocurrency to use with it.Although I read that they are planning to add more tokens in the future.
That wouldbe a nice thinthing to see
This black cards look sick. I am pumped for the Monaco card. The cash back rates are unheard of, how are they able to offer such high rates? Any idea on when they will be available? Also will they be available in the U.S.?
The card launch is scheduled for for 31 August 2017. I think the card can be used globally, including the US of course.
Because they can print money for free ;)
I also invested in the ICO. It seems like it could be great, although it coulr also easily fail. I don't have expectations either way. I hope Monaco succeeds though.
One thing I didn't like was that MCO tokens were pegged to ether directly, so when the price of ether spiked half way through their ICO, people who paid 1 ETH when ether was worth x2 more didn't get more tokens, where as Polybius pegged their token price to USD so my ether went farther in their ICO.
I see, they should've handled that differently! It was easy to get into a disadvantage since the Ether price changed so much.
Yea, they also put themselves at risk if the price of ether collapsed during the ICO.
This is so cool! Thanks a bunch for sharing this incredible news. Its time was ripe. Namaste :)
You're welcome, glad I could share some new info!
CRAZY cool !! :)
I keep getting Monaco ad , and curious what it was. Thanks for posting