Monaco VISA unlocks new ways to spend Bitcoin with a card

From Beijing to New York, Paris to London, if you have a card with Bitcoin stored in it, you can spend it through any offline VISA platform. Isn’t it so convenient? Moreover, the exchange rate is much lower than the exchange between legal currencies. It would be a very cool thing if the existing financial hardware, such as ATM, POS, bank cards, etc., could be linked to digital currency.

The Monaco VISA digital currency card takes this function to its extreme. The project is currently conducting an ICO on the official mona.co/cn website, raising approximately $3 million in three days, and user investment enthusiasm continues to rise.

Not only Bitcoin, Monaco VISA digital currency card also supports Ethereum card consumption, and will support more through Monaco VISA in the future, so users can enjoy lower handling fees. To apply for Monaco VISA® debit card, users need to download Monaco Android / iOS mobile application and pass a three-minute user verification process, including remote KYC. Monaco will send Monaco VISA card to customers for free. The physical card can be used in any online or offline channel that accepts VISA® in the world, with a total of more than 30 million merchant platforms.

In the white paper of Monaco VISA digital currency card, the official gave a case:

"Jenny plans to use Monaco to pay for her travel expenses, so she tops up her account with 1 ETH. Jenny can then spend money in any online or offline store in the world that supports the Monaco VISA card. When using the Monaco VISA, the kernel will automatically convert the payment for the user. Suppose Jenny is on vacation in France and spends 16 euros on lunch, which she pays with a physical Monaco card. The Monaco card provides the best interbank exchange rate of the day in real time, calculates 16 euros to 17.7410 US dollars, and then converts the exchange rate between the US dollar and ETH with the highest daily transaction volume at that time into the equivalent ETH deduction. The remaining balance remains on the card in the form of ETH. If the price of ETH rises, the currency balance on Jenny's card will also appreciate."

In the global tourism market, cross-border e-commerce, cross-border remittances, etc., more people need convenient and fast services. This is also the market that Monaco VISA digital currency card focuses on, and there are a large number of potential users who provide rigid demand. Therefore, the emergence of Monaco VISA digital currency card is to better solve these existing problems. Monaco VISA's project token MCO serves as a medium for handling fees and credit points. Monaco VISA operating company recently launched a consumer rebate activity, with a maximum reward of 10% MCO. When Monaco VISA cardholders complete a consumer transaction at a partner merchant, their Monaco application wallet will immediately receive MCO currency equivalent to 10% of the transaction amount. MCO currency is the native currency of Monaco Technology and can be bought and sold on multiple trading platforms starting June 19, 2017. Users can easily convert MCO currency into Bitcoin, Ethereum, as well as US dollars, euros and other legal currencies.

The best bank currency exchange rates, combined with instant cash rebates, can increase the potential savings of each transaction to 15-18%, which will surely bring unprecedented surprises to customers.

"We did not conduct any marketing before launching the crowdfunding, believing that the product itself was strong enough to drive sales. The community quickly understood our founding philosophy and immediately understood the huge value behind it. Our team has been working day and night to make the product better, and we are surprised and delighted to have received resonance from so many users. At the same time, we face the community with a humble attitude, embrace the warm exchanges and interactions from the community, and are grateful for the trust of more than 1,500 community members who have participated in the crowdfunding." said Marszalek, CEO of the Monaco VISA project.

According to the current roadmap, Monaco VISA digital currency card will be available at the end of August 2017. Interesting, cool, and with a booming market, Monaco VISA will attract more people to participate.