• 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
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin 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 Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin 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 Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Monaco
Nexo

Monaco Visa Card ICO Brings Crypto Token Spending To The Masses

Wilma Woo by Wilma Woo
5 years ago
in News, Bitcoin, News teaser, Sponsored Article
0
Advertisement

The cryptocurrency debit card market is gaining a new heavyweight as Monaco continues its 150,000 ETH ICO.


Debit Cards Take Advantage Of ICO Craze

Monaco, which is raising funds to launch its prepaid Visa card for spending Bitcoin and ERC20 tokens with fiat currency, has accrued around 26,000 ETH since the token sale began May 18.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

The event marks the fully-fledged entry of crypto debit cards into the ICO realm, which has already seen startups with all manner of USPs benefit from millions of dollars in funding.

“Given the interest in the product over the past six months, it is likely demand will exceed supply,” bullish co-founder and CFO Rafael Melo said in an introductory video.

Speculation-Proofing ERC20 Tokens

Despite the mixed reactions to Ethereum startups’ ICOs in recent months, Monaco is hoping its multifaceted token plans will allay any fears among investors.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

FundYourselfNow Crowdfunding Platform Announces Q1 2018 Launch, ICO Starts June 2, 2017

Sales of its MCO token are being performed on a sliding exchange rate to ETH, giving early investors an effective discount. Once the product is launched, a 1% so-called “software license fee” will send a portion of card transactions to a smart contract, generating value over time for MCO.

Incentive schemes such as lack of presale and a referral program are ostensibly designed to improve uptake and prevent ‘whale’ investors controlling significant portions of the token offering.

That said, Monaco is running a bidding program that will award a more advantageous ‘Black’ card to the ICO’s biggest investor.

Novice Users Targeted To Remove Confusion From Crypto Spending

Despite the project only being in worked on for 12 months, the huge surge in interest around Ethereum among lay consumers is generating spending demand. Cryptocurrency exchanges recently reported 600% increases in new users fueled by price rises, many of whom demonstrated a lack of knowledge about what Bitcoin or Ether really are.

Monaco is attempting to keep its product “beautifully simple,” as per promotional literature, using what it describes as “near-perfect exchange rates” to net novice users and beat out competitor offerings with higher fees.

CEO Kris Marszalek went as far as to promise that users would even save “up to 40€ out of every 500€” spent on the Visa card purely as a result of its improved FX rates.

User acquisition will meanwhile take an entirely app-based form, the startup saying it has “solved compliance issues” to enable facial scan and a “3-minute” registration process before cards can be ordered and used.

The ICO is due to conclude June 18.

[Note: This is a sponsored article] 

What do you think about Monaco’s ICO and debit card? Let us know in the comments below!


Images courtesy of Shutterstock, mona.co

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Wilma Woo

Wilma Woo

Related Posts

Legal Experts Reveal Regulatory Uncertainty Around Crypto Could Spike Lawsuits

Legal Experts Reveal Regulatory Uncertainty Around Crypto Could Spike Lawsuits

5 hours ago
El Salvador

El Salvador, Unfazed By The Bear Market, Buys 80 Bitcoin – Will Others Do The Same?

1 day ago
Cryptoqueen

‘Cryptoqueen’ Has A $100,000 Bounty On Her Head Offered By The FBI

1 day ago
Bitcoin Trading Volume Sinks Down Almost 60% In 9 Days

Bitcoin Trading Volume Sinks Down Almost 60% In 9 Days

2 days ago
North Korean Hackers

North Korean Hackers Suspected Of Perpetrating $100 Million Harmony Attack

2 days ago
The Age of Gangs: Brand New P2E Game or Anti-crisis Project?

The Age of Gangs: Brand New P2E Game or Anti-crisis Project?

2 days 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
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin 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 Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 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.