• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Breaking News: Breaking: Digital Currency Group (DCG) Pulls The Plug On TradeBlock: The End Of An Era?
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: Digital Currency Group (DCG) Pulls The Plug On TradeBlock: The End Of An Era?
Crypto.com
Advertisement

Crypto.com Bought by Monaco for Millions as Part of Rebranding Campaign

Nigel Gambanga by Nigel Gambanga
5 years ago
in News, Bitcoin Businesses, Bitcoin Debit Card, Companies
0
Advertisement
Advertisement

Monaco – the cryptocurrency debit card company has acquired the domain Crypto.com for an undisclosed amount. The domain was bought from Matt Blaze, the college professor who registered it in 1993. 


SURPRISE SALE FROM RELUCTANT OWNER

While no official price tag has been provided for the sale, a report from The Verge cites experts who have placed the value of the domain at as much as US$10 million.

Claim the JACKPOT with 55 FREE SPINS. Signup today to redeem your bonus.

Even with this valuation, the sale of the domain will probably be still a surprise to people in the cryptocurrency space.

Matt Blaze had, in the past, been very clear about not wanting to sell the domain even with the massive interest in cryptocurrencies, which placed a premium on domains with similar root words. As a security researcher, the “crypto” in the domain was his reference to cryptography.

Blaze had been reportedly courted by several buyers for years but had expressed his refusal to sell, even publicly shutting down potential offers as recently as early this year.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

For anyone else trying to contact me for this reason, don't bother. Not for sale. https://t.co/S8yKT4J5IF

— matt blaze (@mattblaze) January 5, 2018

No reason has emerged at this point to explain Blaze’s change of heart, though people directly involved in the deal like Monaco CEO Kris Marszalek have reportedly hinted that it could have been about more than the money.

OWNING CRYPTO.COM ALL IN THE NAME OF REBRANDING

For Monaco, though, the motive for the buy was specifically for rebranding. It is betting on a new identity with Marszalek quoted as having said,

This is a very powerful identity that we are taking on. It’s representative of the entire category so it comes with a huge responsibility on us to carry the torch. We don’t take it lightly and this is one of the things that I think we conveyed successfully, that, as a company, we do have a higher purpose.”

Monaco, founded in 2016, faced a rough patch in 2017 after a report debunked claims that it had partnered with card and payments giant Visa. The value of its MCO token [coin_price coin=”monaco”] also dropped by 40 percent after a change had been made its card’s roadmap and it even faced scam accusations.

With this rebranding campaign, Monaco has secured the Crypto.com domain which will be the new name for its parent company while MCO – the name carried by its currency – will be adopted for its Visa card and wallet.

It remains to be seen how the new names will impact the fortunes of the debit card company,

Do you think the Crypto.com domain can reposition the Monaco brand? Did the company pay too much for the domain? Share your comments below.


Image courtesy – Bitcoinist archive, Twitter

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Nigel Gambanga

Nigel Gambanga

Related Posts

Crypto.ro and Binance Unveil the 3rd Binance Meetup in Romania, Set in Timisoara

Crypto.ro and Binance Unveil the 3rd Binance Meetup in Romania, Set in Timisoara

3 days ago
PrimeXBT crypto futures: A detailed review 2023

PrimeXBT crypto futures: A detailed review 2023

3 weeks ago
Gemini

Gemini To Launch Non-US Crypto Derivatives Platform

1 month ago
How China Will Benefit From the Digital Yuan

How China Will Benefit From the Digital Yuan

1 month ago
crypto futures

PrimeXBT Review 2023: A Revolutionary Crypto Futures Platform

2 months ago
Justin Sun

Justin Sun In Talks To Sell Huobi Stake: Report

2 months ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
K8
K8

Press Releases

  • A Deep Dive: Ripple CTO’s Outlook On XRP Ledger...

    2 mins ago
  • 3 Reasons Why You Should Buy DigiToads (TOADS), Monero...

    54 mins ago
  • Upcoming Presale Alert: Tradecurve (TCRV) Set to Dominate...

    16 hours ago
  • Unstoppable Energy of Tradecurve (TCRV) Presale Puts...

    16 hours ago
  • Sparklo (SPRK) Presale Gathers Support, PancakeSwap (CAKE)...

    16 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance

© 2022 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.