The new Monaco Visa Card has been launched
Introducing Monaco – The world’s best cryptocurrency card. Spend and send money globally at perfect interbank exchange rates, saving EUR30-40 on every EUR500 equivalent spent.
Successfully just passeing through an ICO (Intital Coin Offering) this company have everything in place to create abrilliant piece of technology. This card will allow you to spend your ether and bitcoin anywhere in the world that accepts Visa card. (ERC20 tokens coming soon)
Just so you understand this a bit clearer – You will be spending Cryptocurrency, the retailer will be receiving the local currency of choice. This will help all involved in the Cryptocurrency community, especially those who hold ether and bitcoin.
Every time you spend with Monaco VISA® Card, you will be given perfect interbank exchange rates without markups or fees. You’ll never have to worry about exchange rates again, always getting the best deal physically possible. Amazing value and peace of mind!
You can top-up your card with BTC/ETH and soon other ERC20 tokens. When you swipe the card, we convert an increment of your BTC/ETH/ERC20 tokens on the fly, just enough to settle the VISA® transaction. The rest sits securely in your wallet, potentially appreciating in value.
Sending money between Monaco App users is free & real-time, with the money being instantly available for the recipient on their Monaco Card.
Industry leading card security features available from Monaco App – including card blocking, unblocking, setting up geographical security, online shopping capability and more.
Customer onboarding can be done entirely via the Monaco App – and takes less than 3 minutes.
Connect with your money
Get instant spending notifications, add receipts to your purchases, manage your budget, and more.
Earn up to 10% Instant Cashback As You Spend
Monaco Card holders will be entitled to up to 10% Cashback Reward when spending at participating merchants. The Cashback will be settled instantly after a succesful transaction by crediting our native currency MCO to your app wallet. You will be able to trade MCO on multiple exchanges and easily convert it to BTC, ETH or fiat currencies. The Instant Cashback program will be subsidised by participating merchants.
The Monaco Visa Card wants to disrupt and make bitcoin and ethereum payments easier thanks to a debit card that can be used worldwide and wherever VISA® cards are accepted. In fact, you can pay anywhere VISA® cards are accepted. Your card will always be treated as a local currency card, you will receive interbank exchange rates without any markup and cross-border fees.
Compared to a normal debit card issued by banks, with the Monaco Visa® Card you will save 30-40 EUR on every 500EUR spent because you can fund your card with Ether and Bitcoin, instantly and for free.
Only the exact amount that you spend with your Monaco Card will be exchanged from ETH and BTC in real-time, with rest being securely stored in your wallet.
So, users can load the Monaco Card with digital currencies in real-time and free of charge and have the funds immediately accessible.
Also, users can set up rules to automatically top-up your bitcoin debit card card whenever the balance drops below a specific level you can set up anytime.
Monaco Visa® Card is linked to your own bitcoin and/or ether wallet, and you will pay very low fees.But the very good news about Monaco is that it is free of charge when you ask for the debit card and you will pay only the 1% licensing fee on transactions.
Also, you can always change the currency of your card, as you can use it worldwide: your Monaco Visa card will always be treated as a local currency card.
Over all this looks incredible and I highly advise everyone to get the app when it is ready from the App Store for your desired devise. It will be available in IOS & Android very soon. Complete your e-Kyc and activate your app to order your card and start spending your Bitcoin and ether any where in the world.
This will transform your Cryptocurrency experience making it much easier to liquidate your Cryptocurrency portfolio. Here is a video that explains it all for you
The White Paper – https://mona.co/monaco-whitepaper.pdf
Website – https://mona.co/#section-2