Monaco (MCO) - cryptocurrency review
Monaco (MCO) - cryptocurrency review

Monaco (MCO)

Rank: #52

Our Review
9
Real-world utility
1
Market Cap
3
Investability
decrptd review 4.3 / 10
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Monaco Review

Monaco is a great example of just how difficult it can be to determine if things in cryptocurrency-land are legit or a scam. And for Monaco, it seems…

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Monaco (MCO) – cryptocurrency review


Monaco is a great example of just how difficult it can be to determine if things in cryptocurrency-land are legit or a scam. And for Monaco, it seems the jury is still out. If it’s real though, it could be massive (but also highly replicable)… here’s why:

Monaco is essentially a Visa card that allows you to spend money in the same way you would with any other card, but globally, using the Interbank exchange rate without any fees that are normally applied by your bank. You can load up your Monaco card with FIAT currency, Bitcoin or Ether, and spend in the currency of your choice. This is what makes it exciting: now you have a way to spend your cryptocurrency in the real world, without having to perform any manual exchange transactions. You can also send currency to anyone you like without fees.

The only part that is unclear, is the relationship with VISA. Nowhere on their website do they display a VISA icon, or make mention of this relationship in any way other than to include “September 2017” on their roadmap as the date for “Card Approval”, after which Monaco cards will be issued.

If Monaco succeeds in establishing a partnership with VISA, then this will deliver another competitor to TenX and will strengthen the connection between cryptocurrency and real-world consumer needs which will surely help with mass market adoption.

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