Bitcoin Forum

I would like to ask what happened to MONACO (MCO) Visa Deal?. Its September 26, 2017 already and yet we dont have any updates from them.

https://mona.co/company

Likely the same situation with Wavecrest holdigs that has affected xapo, bitpay and every other bitcoin prepaid visa

I can't rely say, I told people not to celebrate the Visa news until the deal becomes real, but I have a feeling the story is true, let's wait for the team to shed more light on the story

Is there any updates? is VISA deal approved or not? the price of MCO is going down.. what happened?

i think the price is will be supported now, just this time

The same as Paycoin, most are scam and hype so the creator can be instant millionaire. Paycoin scam hype was that Visa, Walmart and Amazon supporting or have contract with them, the scam usually rinsed and repeat itself in different form/idea. Paycoin now down to nothing.

Getting Visa to approve is almost the most difficult thing anyone can do. Banks still consider cryptocurrencies to be a scam, a Ponzi scheme so I cant see visa jumping in at this time until that changes. As far as MCO goes, maybe Im speaking too early but it feels like a broken promise.

Possibly pre-moon dump.
Whales like to shake off weak hands and buy cheaper.

Why the price of MCO is going down? any solid reason?

I agree. There is too much trust in crypto world and most projects do not meet the bar in terms of real-world due diligence.

Some of these projects have no / limited product and ridiculous market caps. If the market cap is based on supposed deals with MasterCard, Walmart and Amazon investors should ask for real evidence - legally binding contracts from lawyers and press releases from the major companies themselves.

Bob on the team use to work for Visa, here is Bob at Visa HQ, here is an email from someone at Visa saying they like the idea, fake news and news stories from outlets that publish whatever they are given <<<< not of this reliable evidence. People have a tendency to believe the things they want to true. Also, bounties (people only interested in reward) and amateur bloggers (only interested in traffic) give these projects credit they do not deserve. Increase market cap also gives confidence.

I would not part this my hard earned cash unless I project met the same due diligence standards I'd expect from a mainstream business.

it is an idea that the project thinks it will do and tell us. and many people are investing in some projects with such news and developments.I think the friend who asked   was certainly rightly rebelled. as many projects have promised in this way, they do not do much that they say "we will do this or we will make these agreements".I think it is necessary to develop a system that follows them and punish those who do not follow roadmaps. it is not really nice to do projects and avoid promises and broken promises that are equivalent to lying.

Hello,

Do you have new update from MCO Visa Deal?

I contacted their support but until now there is no response.

Is the VISA Deal not true?

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I guess the project migrated to crypto.com
It must be coming out soon.
Cryptocurrency is on the right track, one or the other day we are gonna get this going pretty good.

Its just that people use Crypto more as an asset than a currency so its difficult to bring in in this form.