Universal Money App. Monaco – cryptocurrency card. Spend and send money globally at interbank exchange rates, saving EUR30-40 on every EUR500 equivalent spent.
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What is MCO
The functionality of Monaco Card makes it a must-have item not only for every Ether or Bitcoin holder, but also for everyone who spends money in foreign currency. Core features:
In order to receive the Monaco Card, our customers need to download Monaco Android / iOS App and go through a simple 3 min onboarding process, including remote KYC. We will issue and send the Monaco Cards to customers free of charge. The physical card can be used both for online and offline purchases at more than 30m merchant locations globally. Every time you spend with the Monaco Card, you will be given perfect interbank exchange rates without markups or fees. In practice that means savings of EUR30-40 on every EUR500 spent, compared to high street banks.
You can fund your account with Ether and Bitcoin, instantly and for free. You can also use fiat currencies, topping up your account by bank transfer or with a debit/credit card. Finally, you can also apply for a credit limit from our App and receive a decision within 48 hours. A top-up credit limit effectively turns the Monaco Debit Card into a credit card, as you will only pay interest on amounts of credit that you use, but don’t repay in a timely fashion.
Spending your ETH/BTC with Monaco Card is seamless. You keep ETH/BTC balances in your wallet, which you can view at any time in the Monaco App. Every time you swipe your Monaco Card, we will only exchange the incremental amount of ETH/BTC that is required to settle the fiat currency transaction. The rest of your ETH/BTC balances remain in your wallet. There are no monthly or annual fees for usage of the Monaco Card. Access to perfect inter-bank exchange is free. Monaco will not charge fees for global ATM withdrawals within Fair Usage Limits. There is a 1% fee for all transactions (swipe and exchange) of ETH/BTC. These earnings will accrue in the MCO Smart Contract, the rights to which will be held by community members who hold MCO tokens.
DetailsPublic sales: May 18, 2017 - Jun 18, 2017
Total tokens for sale: 9,476,400 MCO
Raised: 26,700,000 USD
LegalBlockchain Platform: Ethereum
Registration country: Malta
Registration year: 2016
Office address: 171 Old Bakery Street, Valletta, VLT1455 Malta
Token infoTicker: MCO
Token price in USD: 1 MCO= 2.88 USD
Accepted currencies: ETH
Secured card issuing capability
Accepted into the SuperCharger, Asia's leading FinTech Accelerator
Accepted into Hong Kong government-backed Cyberport Incubation Program
Graduated from SuperCharger, Demo Day at the Hong Kong Stock Exchange
Launched MCO Token sale
Raised US$26.7m, placing MCO in top 10 token sale events of 2017
MCO Token listed on Bittrex, the largest digital asset exchange by volume (globally)
MCO Token listed on Binance, China's fastest growing digital asset exchange
Pre-registration apps go live and full card portfolio announced
Visa Program Manager approval launched
Partnership with Gemalto to produce metal cards
Four key hires announced (COO, CCSO, CMO, Platform Architect)
Launched listings on 9 additional cryptocurrency exchanges (Total 17)
Announced Credit and Invest products on CNBC
MCO Token listed on Bithumb, leading South Korean cryptocurrency exchange
Global cryptocurrency app release
MCO Token lockup enabled
Monaco rebranded to Crypto.com
Launched 3 new MCO Visa Card colours
Crypto Invest launched
MCO Visa Cards started shipping in Asia
Crypto.com Chain Blockchain and Token (CRO) announced
MCO Visa Card new value proposition announced
Crypto.com Vortex multi-exchange trading platform launched
Crypto.com Pay launched
USD Bank Transfers announced
Council Node Rewards launched
Crypto Earn launched
Crypto Credit launched
MCO Visa Cards started shipping in the U.S.
Crypto.com Chain Testnet 1.0